Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking. Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:45and sea new channel main project Pinglu Canal officially opened to traffic yesterday.
00:00:49In December 2023, General Secretary Xi Jinping emphasized during his inspection in Guangxi
00:00:53that we should jointly build the western land and sea new channel, implement a batch of major
00:00:56transportation infrastructure projects, and achieve high standards.
00:01:08Since 2022, China Media Group has continuously recorded and
00:01:12reported on the construction and operation of the Pinglu Canal. Next,
00:01:16we will review the extraordinary construction process of this world-class project
00:01:20as the Pinglu Canal is completed and opened to traffic.
00:01:23.
00:02:05to Chinese modernization.
00:02:38What should I do? Let me give you a year first.
00:02:41321, happy autumn. Choose this project. Life is a game, and some people do it until they succeed.
00:03:32Actually, 100 years ago, in 1919,
00:03:35this idea was proposed to connect the Xijiang River with the Beibu
00:03:39Gulf. However, the earliest source of this idea
00:03:43is here. There has always been a lack of such
00:03:46an inland river channel directly connected to
00:03:50this seaport. channel
00:03:53.
00:03:59original.
00:05:00After three transfers, it arrived
00:05:04.
00:08:162024 is the year of the Pinglu Canal project. During the Spring Festival, the temperature
00:08:20is favorable for large-scale concrete construction temperature control, so
00:08:23the first quarter is our golden period for construction. We are racing against time
00:08:27to complete more than 50% of the concrete pouring for our three
00:08:31sluices this year.
00:08:33.
00:08:35I am currently at the construction site of the Pinglu and Matao sluice.
00:08:39Behind me is the ground.
00:09:12Nine tower cranes stand like a forest of steel. After more than two years of construction, the main channel of the Pinglu Canal, the largest section, has been formed. The three sluices have all entered the peak period of concrete pouring. I am now at the construction site of the Pinglu Canal's Qingnian sluice. The position I am standing in will be the location of the Qingnian sluice's dam in the future. The builders are currently pouring concrete for the main body of the dam. We are using Asia's largest seven-cubic-meter forced mixer. The project's mixing building produces concrete per hour. After more than two years
00:09:16of construction, the largest channel section of the Pinglu Canal
00:09:20has been formed, and the three sluice gates have all entered
00:09:24a peak period of concrete pouring. I am now at the construction site of the Pinglu Canal's Qingnian sluice.
00:09:28The position I am standing in will be the location of the Qingnian sluice's dam in the future.
00:09:31The builders are currently pouring concrete for the main body of the dam.
00:09:35We are using Asia's largest seven-cubic-meter forced
00:09:39mixer. The project's mixing building produces concrete per hour.
00:10:25The installation of the first section of the gate
00:10:29from our dam
00:10:31officially marked the beginning of the metal structure installation phase.
00:11:25Today, the concrete pouring of the main body of the three major sluices of the Pinglu Canal
00:11:29has been completed.
00:14:25We are simultaneously advancing the water testing of the dam
00:14:27The main channel construction of the Pinglu Canal has been fully completed. Currently, the Pinglu Canal
00:14:31channel project is basically formed
00:14:34and open to water, with the overall project progress
00:14:37exceeding 95%.
00:14:40This morning, the canal was fully opened to water.
00:14:43.
00:14:51and the underwater dredging of the channel, as well as the smart canal management system.
00:15:27Today, the four lines are operating smoothly and orderly. All the equipment
00:15:31on the ship is running normally, achieving the design effect. Next,
00:15:34we will carry out the ship's automated mooring in batches according to the plan.
00:17:31Today, with immense joy, we announce to the public that on September 16, the Pinglu Canal
00:17:35will be opened to traffic.
00:17:47I am Ji Benliang from China Media Group. I am currently flying over the Pinglu Canal
00:17:50in a helicopter. Below us is the starting point of the Pinglu Canal,
00:17:54Pinglujiang Estuary. 5,000-ton cargo ships sail out to sea from here.
00:17:58The standardized channel is clearly visible, the river is wide and
00:18:01tidy, and the slopes on both banks are covered with green vegetation, just like
00:18:05a water highway.
00:19:37Qishi Lock. We are now in the lock chamber of Qishi Lock, truly
00:19:41riding a water elevator. The water level in our lock chamber
00:19:44is currently dropping. Mr. Wei, how do you feel at this moment?
00:19:48Well, in fact, the residents along the river have this kind of look, this kind of enthusiasm,
00:19:52which is actually a longing for a better life. I think
00:19:56this is the most important value of our Pinglu Canal.
00:20:00This great national project has gained recognition. Next, we will wait for the water level in the ship
00:20:04to continue to drop, and finally we will pass through the Qishi Lock. Seawater, seawater, ministers, wolves and other ministers sent letters before the long-term reform.
00:24:20as a minister, this is also the first time for members of the reform committee to join the cabinet. The reorganized cabinet
00:24:24will be officially established later today. This is the first time
00:24:28that Sanae Takaichi has reshuffled the cabinet since she took office in October 2025.
00:24:31reorganization .
00:24:34Analysts pointed out that with the inclusion of members of the Japan Restoration Party into the cabinet, the coalition government
00:24:38of the Liberal Democratic Party and the Japan Restoration Party will shift from external cooperation to internal
00:24:42cooperation.
00:24:42.
00:25:20In the coalition government formed by the Liberal Democratic Party and the Komeito Party, the Komeito Party, which has a moderate and pacifist
00:25:23color, has always played the role of the Liberal Democratic Party's
00:25:27brake in defense policies and security legislation. The Restoration Party,
00:25:31however, is based on a hawkish nationalism. After joining the cabinet,
00:25:35it will form a policy convergence with Takaichi, the hawkish faction.
00:25:39The brake will turn into an accelerator, and the focus
00:25:42of the ruling coalition will completely deviate from the traditional
00:25:46conservative and steady course.
00:26:16Japanese Prime Minister Takaichi Sanae reshuffled the cabinet today. Former Secretary-General of the Japan Restoration Party,
00:26:19Kenshiro Nakatani, has been confirmed to join the cabinet. This is the first time a member of the Restoration Party
00:26:23has joined the cabinet. Next, let's learn about the Japan Restoration Party
00:26:27through a short video.
00:26:30The Japan Restoration Party is a political force in Japan.
00:26:44After that, it went through divisions and reorganizations, and officially restored the name
00:26:47"Japan Restoration Party" in 2016 and has retained it to this day.
00:26:51In October 2025, the Japan Restoration Party formed a ruling coalition
00:26:54with the Liberal Democratic Party for the first time, participating in governance through external cooperation,
00:26:58meaning no members were sent into the cabinet, only in terms of policy.
00:27:55The US Federal Reserve concluded its two-day monetary policy
00:27:59meeting on the 16th, announcing that it would maintain the federal funds rate target.
00:28:15Subsequently, US President Trump once again urged the Federal Reserve to quickly cut interest rates and said that interest rates
00:28:19should be at 10% or lower. Analysts pointed
00:28:23out that if the Federal Reserve starts multiple rate hikes, the conflict
00:28:27with the US president may escalate. At the press conference on the 16th, a reporter
00:28:30asked about repeated requests.
00:29:14It is understood that Hainan Province issued 5 billion yuan of offshore RMB
00:29:18local government bonds in Hong Kong this time. During the issuance period, the peak order size reached
00:29:2143.7 billion yuan, exceeding previous years' levels, which is nearly 9 times
00:29:25the issuance size. The raised funds are mainly invested in marine ecological protection,
00:29:29healthcare infrastructure construction, etc. This year, we also
00:29:33launched education-themed bonds for the first time, to create
00:29:37an international talent cultivation model with Hainan Free Trade Port characteristics.
00:29:41We also saw orders from multiple important market investors, especially
00:29:44the southbound trading link that was expanded last year, and non-bank investors represented by insurance companies
00:29:48subscribed to Hainan's overseas bonds for the first time. In the context of recent
00:29:52market volatility in the US dollar market, the stable offshore RMB market
00:29:56played the role of a safe haven. It is understood that over the past four years, Hainan has already issued
00:30:00a cumulative total of 18 billion yuan of RMB bonds
00:30:04in Hong Kong. After the entire island of Hainan Free Trade Port is sealed off,
00:30:08Hainan's institutional opening up continues to deepen, and policy
00:30:11dividends are accelerating, providing quality investment options
00:30:15for overseas investors. Connecting
00:30:18high-quality domestic issuers with global capital allocation needs.
00:30:22It can enrich the supply of RMB assets and also help
00:30:25to enhance the depth of RMB usage in cross-border investment and financing.
00:30:28. Today, with central enterprises assisting in the development of active regions and offering sustainable state-owned asset solutions to the public, at the online event, 256 project areas from central enterprises' designated assistance, including Tibet, brought 15,000 products to the event.
00:31:28introduced innovative measures such as AI-driven price monitoring and quality
00:31:32spot checks, allowing customers to buy with greater peace of mind and eat
00:31:36with greater confidence. Currently, the Xingnongzhou activity has just started, and
00:31:40the online transaction volume has already exceeded 200 million yuan.
00:31:43.
00:31:45This year, extreme weather has become increasingly frequent. How will it
00:31:49affect global grain harvests and prices? The latest data from the United Nations
00:31:53Food and Agriculture Organization shows that the global food price index has
00:31:56reached a new high in nearly four years. However, the weather has brought
00:32:00not a comprehensive reduction in production, but a differentiation of rising and falling prices. Facing
00:32:03this differentiation, how should we respond and take the initiative in food security
00:32:07into our own hands? Next, let's look at a reporter's observation.
00:32:11.
00:32:13Let's look at the global bulk agricultural products. Data from the United Nations Food
00:32:17and Agriculture Organization shows that in August 2026, the global food price
00:32:21index rose to 133.3 points, an increase
00:32:24of 1.9% month-on-month, a new high in nearly four years.
00:32:27Extreme weather and other factors disturbed and pushed up grain and food
00:32:31prices. The Rural Development Institute of the Chinese Academy of Social Sciences
00:32:35statistically analyzed the impact of El Niño on global agricultural products since
00:32:391981, concluding that it is not a comprehensive reduction in production, but
00:32:43a clear differentiation of increases and decreases. The most affected are
00:32:47cocoa beans and natural rubber. Oil production is concentrated
00:32:50in Southeast Asia and West Africa, where hot and dry weather
00:32:54reduces production. Corn, cotton, and apples
00:32:58are relatively stable. Production may decrease in the Southern Hemisphere and increase in the Northern Hemisphere,
00:33:01offsetting each other. Dry and hot red beans and soybeans
00:33:05may actually increase production. The impact of El Niño on agriculture
00:33:09is not simply a reduction in production or a price increase, but more of a localized
00:33:13change, not a global shortage of agricultural products. Experts
00:33:17say that compared with the current extreme rainfall, the lagged risk of El Niño
00:33:21is more worthy of vigilance. The impact cycle of this strong El Niño
00:33:25usually lasts for more than half a year, and the lagged effects are expected
00:33:29to become concentrated in 2027. Irrigation conditions, drainage
00:33:33capacity, construction and the application of agricultural technology.
00:33:36In fact, it is to improve agriculture's ability to resist climate risks.
00:33:40Climate change itself is unavoidable. But through technical
00:33:44facilities,
00:34:15Sichuan's temperature is generally higher, and the average rainfall in the province is 18%
00:34:18less. In Chengdu's eastern new area, Tianfu East
00:34:22Mountain Farm, the 300 cubic meter reservoir in front of us
00:34:26is one of the farm's good solutions to extreme weather.
00:34:29It connects to multiple pumping stations, storing rainwater
00:34:33in high-level ponds for irrigation during high-temperature and drought
00:34:37periods. During full load operation, it can output a maximum of 200 cubic meters
00:34:41of irrigation water per day, forming a system based on
00:34:45pumping water, storing water, and
00:34:48irrigating to alleviate drought. The water problem is solved, so when to fertilize the fields, whether there are
00:34:51pests and diseases, and who monitors it? The answer lies
00:34:55in the integrated space-sky-ground
00:34:56monitoring system.
00:35:00It is a 24/7 field scout. Real-time information on agricultural conditions
00:35:04is transmitted back to the smart agricultural management platform, which can not only mitigate disasters and avoid harm,
00:35:07but also save 30% to 50% of irrigation water. Going north,
00:35:11the Yellow, Huai, and Hai rivers face the question of how to:
00:35:45Next, let's watch the reporter's interview in Dezhou, Shandong.
00:35:47.
00:35:50Currently, over 8 million mu of summer corn in Dezhou has entered
00:35:54the irrigation period, which is a crucial period for determining yield. Scientists
00:35:57from the Chinese Academy of Agricultural Sciences are shuttling through continuous corn fields,
00:36:01weighing and calculating technologies. They are sampling
00:36:05and measuring yields separately for demonstration fields and control fields
00:36:09that produce 71 kg more per mu, with a yield increase rate of 9.7%.
00:36:13So, our experimental results are relatively good.
00:37:25So everyone, look at this little gadget. Just gently scan it across the corn leaf. It can quickly read
00:37:29the key data. This instrument is mainly used to detect the length
00:37:33and width of our corn leaves, perimeter, leaf area, and other key data. We can
00:37:37compare a corn leaf to a solar panel. The larger its leaf area,
00:37:41the stronger its ability to perform photosynthesis. Photosynthesis is just
00:37:45one part of corn yield formation. Whether the yield can withstand
00:37:48wind and rain also depends on whether the stalk is strong enough.
00:37:52The thickness of our demonstration area is
00:37:5523.62 millimeters. Uh, our control
00:37:59is 21.62 millimeters. millimeters.
00:38:02Correct. Once lodging occurs,
00:38:05this small amount of data can affect the bending resistance. What is bending resistance?
00:38:09It is its maximum endurance. It's like the earthquake resistance of our houses.
00:38:13Currently, Dezhou has established a platform
00:38:16for industry-university-research cooperation. The Chinese Academy of Agricultural Sciences, China Agricultural University, and
00:38:20professional technical teams such as Sinochem Fertilizer are conducting research on biological
00:38:24home technology in Wucheng, Lingcheng and other places.
00:38:28From efficient oxygen decomposition to soil health, two major directions
00:38:31are continuously tackled. As of now, the green high-yield and half-fertilization
00:38:35model, which yields more than 1.5, has been popularized in the Yellow-Huai-Hai wheat-corn
00:38:38region, the Jiang-Hai rice-wheat region, and the western corn region,
00:38:42covering 39 thousand mu demonstration areas across the country,
00:38:45including major grain-producing areas such as Henan and Jiangsu.
00:38:48.
00:39:04from a citizen named Cao. Cao said that gold necklaces, watches, and other valuables
00:39:08worth more than 60,000 yuan were stolen from his home. After receiving the report, the police
00:39:11quickly rushed to the scene to carry out the investigation.
00:39:14.
00:39:22reached a relatively clean
00:39:23state.
00:39:29No valuable clues were found. Based on the traces at the scene, the police initially judged that this was very likely
00:39:33an inside job. According to Cao's recollection,
00:39:37a week before the incident, two friends had stayed at his home. The police
00:39:40immediately questioned and investigated these two relevant individuals
00:39:44one by one. During the questioning, one of the relevant individuals, Fu Moumou,
00:39:48had many abnormal behaviors that aroused the suspicion of the police.
00:39:52Subsequently, after verification, the police found that Fu Moumou's bank account
00:39:56was flowing.
00:40:27Originally a close friend, he was tempted by the other party's gold jewelry and became greedy.
00:40:31Currently, Fu Moumou has been arrested by the police on suspicion of theft.
00:40:35.
00:40:37After interrogation, Fu Moumou and Cao often met to go shopping
00:40:41and have meals together. On June 23, Fu Moumou and others went to
00:40:45Cao's home as guests, and stayed overnight that evening. The next day, the three of them
00:40:49went out for a meal together. Fu Moumou noticed that Cao did not
00:40:53bring his house key when he left, but left it on the windshield of the electric
00:40:57bicycle outside the door.
00:41:59Recently, the Guangdong Zhanjiang Maritime Police Bureau received an alarm stating that a speedboat was acting
00:42:03suspiciously in the waters off Longtou Sand Fishing Port in Lianjiang City, possibly engaged in smuggling activities.
00:42:06The Guangdong Maritime Police Bureau quickly dispatched a law enforcement vessel
00:42:10to the target waters, implementing a two-pronged approach by sea and land.
00:42:13.
00:42:15After maritime police law enforcement officers arrived at the scene, they locked onto the suspected vessel
00:42:19and prepared to board and control it. Two suspects on board realized
00:42:23this and immediately abandoned the vessel and jumped into the sea to escape. They were eventually arrested
00:42:26due to exhaustion. Maritime police law enforcement officers seized a modified
00:42:30high-powered speedboat and 20,000 cigarette sticks, with a case
00:42:34value of 1.11 million yuan. Upon investigation, the seized cigarettes were
00:42:38found to be illegal and suspected of smuggling. Law enforcement officers lawfully escorted
00:42:42the implicated vessel and goods back for further investigation. Currently, the case
00:42:45is undergoing further processing. .
00:42:49Recently, at Nanjing Station in Jiangsu, in the waiting hall, a passenger
00:42:53fainted due to low blood sugar after not eating for a long time. The railway police
00:42:57officers from the Nanjing Station Police Station of the Nanjing Railway Public Security Bureau arrived at the scene immediately to deal with
00:43:00it and contacted 120 for medical
00:43:02assistance.
00:43:05That day, in the waiting hall of Nanjing Station in Jiangsu, a passenger
00:43:08collapsed on the luggage conveyor belt, his face pale. A police officer on patrol
00:43:12not far away noticed him and immediately rushed over. At this time, the passenger
00:43:16was semi-conscious, and his father, who was with him, also returned
00:43:20to his side. Didn't eat breakfast, right?
00:43:23Is it low blood sugar?
00:43:26.
00:43:30It is understood that
00:43:33the night before, he had a cold and did not get enough rest. Based on the symptoms,
00:43:37the police officers at the scene initially judged.
00:44:40Xiangyuan County is located upstream of the Zhuozhang River, where the South, West, and North
00:44:44sources of the Zhuozhang River converge within its borders. In recent years, the local area has implemented
00:44:48comprehensive governance projects such as river channel management, land restoration, and biodiversity
00:44:51protection. The ecological environment has continued to improve, and the number of bird
00:44:55species in the area has increased year by year.
00:44:57.
00:45:27One of the silk tabby fragments is the earliest known
00:45:30tabby weave artifact.
00:45:33.
00:45:36Its discovery pushed the silk tabby weaving technology forward by more than 100 years. For research,
00:46:32Under the microscope, red and yellow weft threads are interwoven with warp threads in a certain pattern, forming a tabby weave structure, and the pattern is presented by the weft threads. intertwined with the warp threads in layers
00:46:36to form a tabby weave, with the pattern appearing from the weft threads.
00:46:39Based on this, archaeologists determined that the fragment belongs to a tabby
00:46:43weave. In the early days, in our country's textile system,
00:46:47most of them were plain weave patterns, such as the well-known
00:46:51"Five Stars Out of the East".
00:47:14Previously, international academia believed that the earliest known tabby weave artifact came from our country's Xinjiang Astana Tombs and Qinghai Reshui Tombs, dating back to between the 7th and 8th centuries. from the Astana Tombs in Xinjiang and the Reshui Tombs
00:47:17in Qinghai, dating between the 7th and 8th centuries.
00:47:21After technical determination by Carbon-14 and other methods, the tabby weave
00:47:24found at the Mengzha Iron Mine dates back to the 5th to 6th
00:47:28centuries. This means that its discovery pushed
00:47:32the history of this weaving technique forward by more than 100 years.
00:47:36It can be confirmed that this is currently the earliest discovered
00:47:40tabby weave, which means that the weaving technique
00:47:43and this woven fabric are both the earliest.
00:47:47Where did this history-rewriting tabby weave come from?
00:47:51Raw materials, dyes, etc.
00:47:55are all key to solving the mystery. After observation with scanning electron microscope and analysis with Fourier transform infrared
00:47:59spectroscopy, experts confirmed that its material is mulberry
00:48:02silk. After analysis with liquid chromatography and mass spectrometry,
00:48:06experts also detected the components of ancient dyes
00:48:10such as huanglu and madder. .
00:48:14That is, in Central Asia, it was planted in Central
00:48:17Asia, so it cannot be used as a clear geographical marker. However, this huanglu
00:48:21can be used. Its main distribution areas are primarily
00:48:24North China and the Sichuan Basin. The history of Chinese dyeing
00:48:28during the Qin and Han dynasties involved dyeing with huanglu.
00:48:32Through field investigations in various parts of Uzbekistan
00:48:36and comprehensive historical records, experts found that there were no
00:48:40historical records of sericulture or silk reeling in the local area
00:48:44during that period, nor any weaving machines or other relics. In other words,
00:48:48Central Asia did not have the conditions for silk production
00:48:51during that period.
00:48:57Compared to the same period, China already had a mature silk production system. In addition, historical texts often describe ancient Central Asians as merchants, meaning they were skilled in business and trade. The ancient Central Asian people
00:49:01were good at business, which means they were good at trade.
00:49:05. The historical and cultural ties between China
00:49:09and Central Asia are very close, especially in the cities along the Silk Road.
00:49:13these cities,
00:49:13,
00:49:22Chinese elements have been discovered in different eras.
00:49:52During this period, a round coin with a square hole, a Wuzhu coin, was found. This discovery
00:49:56revealed a unique landscape of Chinese currency culture dissemination
00:50:00on the ancient Silk Road.
00:50:01.
00:50:04This coin was found near the owner's chest
00:50:08before excavation. Coupled with the two remaining traces of string, it shows
00:50:12that it was worn as an ornament, gradually indicating the owner's emphasis
00:50:15on it. Its shape is the ancient Chinese
00:50:19characteristic round shape with a square hole. After being cleaned, the words "Wuzhu" are clearly visible.
00:51:49This process embodies the different regions' understanding of ancient China.
00:53:05The Iron Mine site and the Baland Iron Mine site are located on the north bank
00:53:08of the Syr Darya River. The two sites are only 30 meters apart,
00:53:12forming a rare coexistence of ancient and modern settlements in Central Asia.
00:53:16.
00:53:23to explore ancient human societies. The Baland Iron
00:53:27Mine is the first ancient city after the Syr Darya River enters the Fergana
00:53:30Basin, and it controls the northern transportation route of the basin. The site is to the northeast.
00:53:34.
00:54:23As full excavation has not yet begun, only human figures can be distinguished, which are similar to those from the Sogdian period in Central Asia, becoming an important clue for exploring the relationship between Baland Iron and Central Asia and other regions. are similar, becoming an important
00:54:27clue for exploring the relationship between Baland Iron and Central Asian
00:54:31regions. It is reported that in the past, archaeological research in Central Asia mainly focused on
00:55:05the archaeological team finally cleared out a courtyard, and connected
00:55:08the east wall and the north wall. Therefore, it is the northeast corner tower
00:55:12of the ancient city of Baland Iron. The structure of the ancient city was initially revealed.
00:55:16Before cooperating with China, we had cooperated
00:55:20with Japan, Europe, and the United States. Based on the results of cooperation
00:55:24in recent years, not only during the excavation process,
00:55:28but also after the excavation, that is, experimental archaeology, Chinese archaeology
00:55:31adopted the most advanced archaeological concepts in the world.
00:56:05historical stories.
00:56:19Starting from the 19th, there will be a brief period of large waves in the eastern part of the East China Sea,
00:56:23followed by favorable sea conditions in our country's offshore waters. From today
00:56:27until noon tomorrow, the southern Yellow Sea, the Taiwan Strait, and the northern South China Sea
00:56:30will experience moderate waves of 1.5 to 2.3 meters. The northern East China Sea will experience 1.8
00:56:34to 2 meters.
00:56:44The waters of Qingdao, Rizhao, Lianyungang, and Shanghai are also experiencing light waves.
00:56:46Ningbo, Taizhou, Wenzhou, and Ningde waters are
00:56:50experiencing light waves. Shantou
00:56:53waters have moderate waves. Fuzhou, Xiamen, Shenzhen waters are experiencing light waves.
00:56:56Fangcheng Port, Beihai, Haikou, and Sanya waters
00:57:00are experiencing light waves.
00:57:01.
00:57:20The fire swallowed his small shop, and his 27-year family business was
00:57:23burned down. In his helplessness, a group of people surrounded him like
00:57:27children, donating money, providing safety training,
00:57:30and fighting for relief funds, allowing the fireworks to be rekindled.
00:57:34pain.
00:57:47Some people woke up at midnight.
00:58:34smashed 草草
00:58:37For more than ten years, one excavator has operated without notification, not seeking likes,
00:58:41only a simple gesture of help.
00:58:44Old .
01:00:48Beijing time, early this morning, the Federal Reserve announced that it would raise the federal funds
01:00:52rate target range by 25 basis points, bringing the benchmark
01:00:55interest rate from
01:00:573.5% to 3.75%.