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World Business Report: First broadcast 2018/06/13 22:32 GMT: Federal Reserve Raises Key Interest Rate

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Picture: The Federal Reserve building. Picture credit: Getty Images.

First broadcast 2018/06/13 22:32 GMT

First broadcast 2018/06/13 22:32 GMT: Federal Reserve Raises Key Interest Rate

Federal Reserve Raises Key Interest Rate

BBC World Service - World Business Report, Federal Reserve Raises Key Interest Rate

The US Federal Reserve raised the target federal funds rate by 0.25%.

With US interest rates rising, we look at the impact on the global economy.

The US Federal Reserve has raised the target federal funds rate by 0.25%. Officials aim to head off excessive inflation with higher rates and think the US economy can handle higher borrowing costs. We hear from Susan Schmidt, senior portfolio manager at the Westwood Holdings Group in Dallas and economist Irwin Stelzer of the Hudson Institute. What's in a name? A lot if you are Macedonian. The country has resolved a 27 year dispute with Greece by agreeing on a major rebrand - it'll be known as the Republic of Northern Macedonia. Journalist Borjan Jovanovski tells us what the locals think. Plus, it's been announced that the 2026 soccer World Cup will be held in the United States, Canada and Mexico. We hear from Brian Sciaretta at American Soccer Now.
We travel to the Indian state of Kashmir to meet the people foraging for lucrative morel mushrooms. Plus fashion designer Stella McCartney explains why she's going green with her new fashion emporium.

(Picture: The Federal Reserve building. Picture credit: Getty Images.)

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First broadcast 2018/06/13 22:32 GMT: Federal Reserve Raises Key Interest Rate

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