CGTN America
The U.S. Federal Reserve is widely expected to raise interest rates for the first time in nine years on Wednesday and given the global ramifications, Europe, like the rest of the world, is watching closely.
CCTV’s Jack Barton reports from Brussels.
US Fed. Reserve rate hike has world markets on edge
The U.S. Federal Reserve is widely expected to raise interest rates for the first time in nine years on Wednesday and given the global ramifications, Europe, like the rest of the world, is watching closely.In more stable times a small move in the U.S. Federal Reserve’s benchmark interest rate would not raise eyebrows in Europe. The EU’s economy, though, remains stagnant with economic growth and inflation hovering just above zero.
The euro is already trading at a near ten-year low against the dollar, but many analysts don’t expect another immediate drop if the U.S. Federal Reserve raises its key rate.
Emerging markets like Brazil brace for U.S. Fed’s rate hike
CCTV America’s Paulo Cabral reports from Sao Paulo.
Follow Paulo Cabral on Twitter @paulonumundo
Emerging markets like Brazil brace for U.S. Fed's rate hike
Brazil's currency has plummeted against the U.S. dollar this year with the Brazilian real's devaluation topping 40 percent. There are a number of reasons within Brazil for this, but the anticipated rise in U.S. interest rates seems likely to depreciate emerging market currencies.Brazil’s currency has plummeted against the U.S. dollar this year with the Brazilian real’s devaluation topping 40 percent. There are a number of reasons within Brazil for this, but the anticipated rise in U.S. interest rates seems likely to depreciate emerging market currencies.
Joseph Mariathasan on US Federal Reserve rate hike impact on emerging markets
CCTV America’s Phillip TK Yin spoke to Joseph Mariathasan, a Partner with Pangaea Finance Partners and contributing editor for Investments Pensions Europe.
