US Federal Reserve makes big rate hike announcement

Global Business

US Federal Reserve makes big rate hike announcement feature1

For nine years finance ministers, stock markets and anyone who uses a credit card have wondered when the U.S. Federal Reserve would raise interest rates.

The long awaited answer came on Wednesday when U.S. Federal Reserve Chair, Janet Yellen announced a quarter point increase.

During the past seven years interest rates have hovered near zero. Now that fewer Americans are out of work, the U.S. “FED” is raising rates.

CCTV America’s Jessica Stone reports from Washington.

US Federal Reserve makes big rate hike announcement

US Federal Reserve makes big rate hike announcement

For nine years finance ministers, stock markets and anyone who uses a credit card have wondered when the U.S. Federal Reserve would raise interest rates.


Economics professor Steve Kyle on U.S. Federal Reserve rate hike choice

CCTV America’s Phillip TK Yin spoke to Steve Kyle, Professor of Macroeconomic Policy at Cornell University in Ithica, New York.

Economics professor Steve Kyle on US Federal Reserve rate hike choice

Economics professor Steve Kyle on US Federal Reserve rate hike choice

CCTV America's Phillip TK Yin spoke to Steve Kyle, Professor of Macroeconomic Policy at Cornell University in Ithica, New York.


Economic analyst Dean Baker on US Federal Reserve’s rate hike of 0.25%

CCTV America’s Mike Walter spoke to Dean Baker. He’s co-director of the Center for Economic and Policy Research in Washington.

Economic analyst Dean Baker on US Federal Reserve's rate hike of 0.25%

Economic analyst Dean Baker on US Federal Reserve's rate hike of 0.25%

CCTV America’s Mike Walter spoke to Dean Baker. He’s co-director of the Center for Economic and Policy Research in Washington.