US Federal Reserve expected to raise rates this year

Global Business

The U.S. Federal Reserve Chair Janet Yellen says the economy in her country is showing signs of gradually improving which would lead to the strong possibility of the first interest rate hike in nearly a decade to come later this year. CCTV’s Daniel Ryntjes filed this report from Washington.

 
US Federal Reserve expected to raise rates this year

US Federal Reserve expected to raise rates this year

The U.S. Federal Reserve Chair Janet Yellen says the economy in her country is showing signs of gradually improving which would lead to the strong possibility of the first interest rate hike in nearly a decade to come later this year.

More details:

  • The head of the International Monetary Fund, Christine Lagarde, to hold off on increasing the benchmark interest rate until 2016.

Nicholas Economides on the US fed’s expected rate change
For more reaction to the Fed decision, CCTV America’s Michelle Makori spoke to Nicholas Economides, Economics Professor at the Leonard N. Stern School of Business.

Nicholas Economides on the US fed\'s expected rate change

Nicholas Economides on the US fed\'s expected rate change

For more reaction to the Fed decision, CCTV America's Michelle Makori spoke to Nicholas Economides, Economics Professor at the Leonard N. Stern School of Business.