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World Business Report: First broadcast 15/06/2022 14:32 GMT : All eyes on the Fed

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All eyes on the Fed

First broadcast 15/06/2022 14:32 GMT 

First broadcast 15/06/2022 14:32 GMT : All eyes on the Fed

BBC World Service - World Business Report, All eyes on the Fed

Markets hold their breath ahead of the US Federal Reserve's decision on interest rates

As the US grapples with the highest inflation in 40 years, global markets hold their breath ahead of the Federal Reserve's decision on interest rates.

With inflation at its highest level for the past 40 years, the eyes of the global financial world are on the US Federal Reserve, whose Chairman Jerome Powell is expected to announce an interest rate rise to help tackle inflation. We hear from Randall Kroszner, former governor of the Fed.
We also talk to senior market analyst at City Index Fiona Cincotta about the European Central Bank's latest emergency meeting and why a senior minister in Pakistan is advising people to reduce their tea consumption to help the economy.
Spain has recorded the hottest June in 20 years with temperatures as high as 43°C. We speak to different businesses there about how they manage to operate in such a hot weather.
Plus, K-pop idols BTS have decided to take a break to pursue solo projects. The best-selling artists of 2021 say it's time to 'mature' as individuals. We hear more from Choi Ji-Won, a K-pop reporter for the Korea Herald.

(Picture: Federal Reserve Board Chairman, Jerome Powell, in a conference in May 2022. Picture credit: EPA)

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First broadcast 15/06/2022 14:32 GMT : All eyes on the Fed

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