

Getting more interesting: the Fed raises rates
Jul 28, 2022
Simon Rabinovich, U.S. economics editor for The Economist, discusses the Federal Reserve's interest rate hikes and their delicate balancing act to avoid recession. Gilad Amit, science correspondent, reveals troubling allegations of data fabrication in pivotal Alzheimer's research, questioning the integrity of scientific breakthroughs. Elise Burr explores significant gender disparities in obesity rates in the Middle East, uncovering societal barriers that disproportionately affect women's health. These topics intertwine economics, science, and social issues, providing a rich dialogue.
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Fed's Rate Hike Strategy
- The Federal Reserve aggressively raised interest rates to combat rising inflation.
- They aim for a "soft landing" to avoid a recession.
Sharpest Rate Hike
- The Fed's recent rate hike is the sharpest since the 1980s, totaling a 2.5% increase.
- Markets reacted positively as rates approach a "neutral" range.
High Inflation Rates
- US inflation hit a four-decade high of 9.1% in June, driven by food and energy costs.
- Core inflation, excluding these, remains high at an annualized 8%.