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How does raising interest rates control inflation?
When central banks raise interest rates, the impact is felt far and wide. Mortgages become more expensive, house prices might fall and unemployment can rise. So why do central banks do it? This film tells you why. 00:00 - Why should you care about rising interest rates? 00:45 - What are interest rates? 01:36 - What do central banks do? 02:14 ...
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A key inflation measure was lower than expected in September, the Commerce Department said Friday in a report delayed by the government shutdown that gives a further green light for the Federal Reserve to lower interest rates. The core personal consumption expenditures price index, which excludes volatile food and energy prices, indicated a 0.2% monthly rise while the annual rate was 2.8%. Read more: cnb.cx/4azhmyD | CNBC
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