USA-Fed/Interest Rates
FILE: Washington D.C., USA - May 4, 2022 (CCTV - No access Chinese mainland)
1. Various of U.S. Federal Reserve building
FILE: USA - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
2. Various of U.S. dollar banknotes being printed
FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
3. Various of United States Department of Commerce
FILE: Salt Lake City, Utah, USA - July 14, 2022 (CCTV - No access Chinese mainland)
4. Customers, products in supermarket
FILE: Los Angeles, USA - 2020 (CCTV - No access Chinese mainland)
5. Various of people in supermarket
FILE: Racine, Wisconsin State, USA - Dec 2019 (CGTN - No access Chinese mainland)
6. Various of workers in farming equipment factory
FILE: Virginia, USA - May 19, 2022 (CCTV - No access Chinese mainland)
7. Various of vehicles at gas station
FILE: USA - Date Unknown (CCTV - No access Chinese mainland)
8. Various of containers, container cranes at ports
The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates that inflation continued to pick up.
For now, the Fed has kept their benchmark rate unchanged for a sixth straight time since September last year.
The central bank's latest decision came just a few days after the Commerce Department reported on Friday that the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, ticked up to 2.7 percent in March.
Amid stubborn inflation that shows no sign of abating, U.S. gross domestic product (GDP) growth slowed significantly to an annual rate of 1.6 percent in the first quarter, marking a sharp drop from the 3.4 percent in the fourth quarter, according to data released last week.
In addition, data released by the U.S. Department of Labor showed that the U.S. consumer price index (CPI), a key inflation gauge, rose 3.5 percent in March, up 0.3 percent from February, higher than expectations and marking an acceleration for inflation.
USA-Fed/Interest Rates
Dateline : May 1, 2024/File
Location : United States
Duration : 1'25
FILE: Washington D.C., USA - May 4, 2022 (CCTV - No access Chinese mainland)
1. Various of U.S. Federal Reserve building
FILE: USA - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
2. Various of U.S. dollar banknotes being printed
FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
3. Various of United States Department of Commerce
FILE: Salt Lake City, Utah, USA - July 14, 2022 (CCTV - No access Chinese mainland)
4. Customers, products in supermarket
FILE: Los Angeles, USA - 2020 (CCTV - No access Chinese mainland)
5. Various of people in supermarket
FILE: Racine, Wisconsin State, USA - Dec 2019 (CGTN - No access Chinese mainland)
6. Various of workers in farming equipment factory
FILE: Virginia, USA - May 19, 2022 (CCTV - No access Chinese mainland)
7. Various of vehicles at gas station
FILE: USA - Date Unknown (CCTV - No access Chinese mainland)
8. Various of containers, container cranes at ports
The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates that inflation continued to pick up.
For now, the Fed has kept their benchmark rate unchanged for a sixth straight time since September last year.
The central bank's latest decision came just a few days after the Commerce Department reported on Friday that the U.S. personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, ticked up to 2.7 percent in March.
Amid stubborn inflation that shows no sign of abating, U.S. gross domestic product (GDP) growth slowed significantly to an annual rate of 1.6 percent in the first quarter, marking a sharp drop from the 3.4 percent in the fourth quarter, according to data released last week.
In addition, data released by the U.S. Department of Labor showed that the U.S. consumer price index (CPI), a key inflation gauge, rose 3.5 percent in March, up 0.3 percent from February, higher than expectations and marking an acceleration for inflation.
ID : 8374954
Published : 2024-05-02 10:30
Last Modified : 2024-05-02 17:25:30
Source : China Central Television (CCTV),China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
More