Another Rate Hike, Kevin Spacey Acquitted & Automakers Team Up - Thursday, July 27, 2023
The NewsWorthy
Erica Mandy
4.7 • 1.3K Ratings
🗓️ 27 July 2023
⏱️ 13 minutes
🧾️ Download transcript
Summary
The news to know for Thursday, July 27, 2023!
What to know about another interest rate hike that brings the rate to the highest we've seen since 2001.
Also, what Sen. McConnell had to say after he froze mid-sentence while talking to reporters, and why there was an unexpected turn-of-events in the Hunter Biden legal case.
Plus: what to watch for exactly one year before the next Olympic Games, why seven of the world's largest automakers are teaming up, and the new foldable smartphones in the spotlight this week...
We have those stories and more news to know in about 10 minutes!
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Transcript
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| 0:00.0 | Today is Thursday, July 27th. |
| 0:02.6 | What to know about another interest rate hike, this time bringing the rate to the highest |
| 0:06.4 | we've seen since 2001? |
| 0:08.7 | Also what Senator McConnell had to say after he froze mid-sentence while talking to reporters, |
| 0:13.7 | and why there was an unexpected turn of events in the Hunter Biden legal case. |
| 0:17.5 | Plus, what to watch for exactly one year before the next Olympic Games? |
| 0:21.5 | Why seven of the world's largest automakers are teaming up? |
| 0:25.2 | And the newest foldable smartphones in the spotlight this week? |
| 0:28.7 | What's the news stories and more news to know today coming up? |
| 0:33.2 | Welcome, welcome to The Newsworthy, all the day's news in around 10 minutes. |
| 0:37.6 | Fast, fair, fun, and on the go. |
| 0:40.0 | I'm Air Commandy, thanks so much for being here. |
| 0:42.8 | You ready? |
| 0:43.8 | Let's do this! |
| 0:47.6 | The Federal Reserve has once again raised interest rates this time to a two-decade high. |
| 0:52.7 | The Fed announced an increase of a quarter percentage point yesterday, bringing the benchmark |
| 0:56.4 | rate to between 5.25 and 5.5%. |
| 1:00.0 | And even though the Fed shows to keep rates steady just last month, this week's move marks |
| 1:04.5 | the 11th increase since March of last year when rates were near zero. |
| 1:08.4 | Of course, with higher interest rates, borrowing money continues to get pricier, think mortgages, |
| 1:13.4 | credit cards, and auto loans. |
| 1:15.1 | So what's next? |
... |
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