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World Business Report: First broadcast 02/11/2022 15:32 GMT : Anxious winds blow through markets ahead of Fed decision

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Anxious winds blow through markets ahead of Fed decision

First broadcast 02/11/2022 15:32 GMT 

First broadcast 02/11/2022 15:32 GMT : Anxious winds blow through markets ahead of Fed decision

BBC World Service - World Business Report, Anxious winds blow through markets ahead of Fed decision

Investors hope for positive guidance from the central bank on future interest rate rises.

The bank has been raising borrowing costs since March in a bid to keep a lid on inflation.

European shares and US stocks are drifting ahead of the Federal Reserve interest rate decision. The US central bank is expected to hike its benchmark rate by another three-quarters of a percent, pushing it up to 4%. We talked to Daleep Singh, chief global economist at PGIM Fixed Income, about market expectations.

We also looked at the weakness of Nigeria’s currency, the naira. It’s been blamed on the central bank’s plan to redesign its bank notes, but is there more to it than that? 

And we spoke to Matt Navarra, a social media consultant. He talked about Elon Musk’s plans to make money from Twitter’s famous blue ticks.   

(Picture: Statue of George Washington  Credit: Getty Images)

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