US central bank signals interest rate hikes in 2022
The Federal Reserve will withdraw support for the post-pandemic US economy more quickly.
The Federal Reserve will withdraw support for the post-pandemic US economy more quickly in response to rising inflation. Chris Low of FHN Financial in New York explains the Fed's new measures, which include three possible interest rate rises in 2022.
Also in the programme, the 大象传媒's Matthew Kenyon reports on a dispute in the Dutch town of Zeewolde, where Facebook's parent company Meta wants to build a massive new data centre on land just outside the town.
And Nike has announced the acquisition of British startup RTFKT Studios, which makes virtual trainers for the online world known as the metaverse. Richard Lawler of tech website The Verge tells us what's behind the move.
Plus, ahead of special coverage tomorrow on the latest Turkish central bank decision on interest rates, the 大象传媒's Victoria Craig explores how challenging it is for people in the country to cope with official inflation above 20%.
(Picture: Federal Reserve head Jerome Powell. Picture credit: Getty Images.)
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- Wed 15 Dec 2021 22:32GMT大象传媒 World Service