Fed raises rates for first time since 2023 — what comes next for the U.S. economy?
By CGTN America
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The Federal Reserve raised interest rates for the first time since 2023, taking the benchmark rate to 3.75%–4.00% as inflation remains elevated. What does the Fed's decision mean for the U.S. economy, consumers and future interest rates? The move comes in response to elevated inflation as the war with Iran drives up prices. CGTN's Sean Callebs spoke with William Lee, Chief Economist and Managing Director at Global Economic Advisors, about the Fed's rate hike, inflation, the strength of the U.S. economy and whether more increases could be coming. 0:00 Fed raises rates for the first time since 2023 1:28 Why inflation is driving the Fed’s rate decision 2:02 Trump wants lower rates: What the Fed is watching 3:48 Are more interest rate hikes coming? 4:33 Why Americans are feeling the economic squeeze #bizshow #federalreserve #interestrates #useconomy #ratehike #Trump #Fed #inflation Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-liv
Tags: Borrowing Power, Businesses, CGTN, Fed Interest Rates, Global Economy, Inflation, Rate Hike, US Economy, bizshow
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