Asian markets, US futures tumble after Fed signals a March rate hike – CNN

‘);$vidEndSlate.removeClass(‘video__end-slate–inactive’).addClass(‘video__end-slate–active’);}};CNN.autoPlayVideoExist = (CNN.autoPlayVideoExist === true) ? true : false;var configObj = {thumb: ‘none’,video: ‘business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness’,width: ‘100%’,height: ‘100%’,section: ‘domestic’,profile: ‘expansion’,network: ‘cnn’,markupId: ‘large-media_0’,adsection: ‘cnnbusiness_investing_beforethebell_carousel_t1’,frameWidth: ‘100%’,frameHeight: ‘100%’,posterImageOverride: {“mini”:{“width”:220,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-small-169.jpg”,”height”:124},”xsmall”:{“width”:307,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-medium-plus-169.jpg”,”height”:173},”small”:{“width”:460,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-large-169.jpg”,”height”:259},”medium”:{“width”:780,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-exlarge-169.jpg”,”height”:438},”large”:{“width”:1100,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-super-169.jpg”,”height”:619},”full16x9″:{“width”:1600,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-full-169.jpg”,”height”:900},”mini1x1″:{“width”:120,”type”:”jpg”,”uri”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-small-11.jpg”,”height”:120}}},autoStartVideo = false,isVideoReplayClicked = false,callbackObj,containerEl,currentVideoCollection = [{“title”:”The Fed signals rate hike coming ‘soon'”,”duration”:”02:05″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness/index.xml”,”videoId”:”business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness/video/playlists/business-economy/”,”description”:”The Federal Reserve signaled it would raise interest rates “soon,” likely in March, making it the first rate hike in over three years. CNN’s Matt Egan reports.”,”descriptionText”:”The Federal Reserve signaled it would raise interest rates “soon,” likely in March, making it the first rate hike in over three years. CNN’s Matt Egan reports.”},{“title”:”IMF chief explains why she thinks inflation will end in 2023″,”duration”:”01:40″,”sourceName”:”CNN”,”sourceLink”:”http/edition.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn/index.xml”,”videoId”:”business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220125142724-imf-kristalina-georgieva-january-25-2022-screengrab-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn/video/playlists/business-economy/”,”description”:”Kristalina Georgieva, managing director of the International Monetary Fund, explains why she believes that the rapid inflation experienced in the US and other countries can end if the pandemic is brought under control in 2022.”,”descriptionText”:”Kristalina Georgieva, managing director of the International Monetary Fund, explains why she believes that the rapid inflation experienced in the US and other countries can end if the pandemic is brought under control in 2022.”},{“title”:”EU considers economic warfare against Russia “,”duration”:”02:49″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn/index.xml”,”videoId”:”business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220125063247-european-union-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn/video/playlists/business-economy/”,”description”:”As tensions grow between Ukraine and Russia, the European Union is preparing to enact sanctions against Russia in order to weaken their economy. CNN’s Anna Stewart reports. “,”descriptionText”:”As tensions grow between Ukraine and Russia, the European Union is preparing to enact sanctions against Russia in order to weaken their economy. CNN’s Anna Stewart reports. “},{“title”:”World Bank President: Rich are getting richer”,”duration”:”01:53″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness/index.xml”,”videoId”:”business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220121132246-david-malpass-world-bank-president-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Capital allocation of the world is mostly going to advanced economies and the wealthy, World Bank President David Malpass says. And with Wall Street and financial centers issuing bonds on behalf of the rich, reducing world poverty won’t be easy, according to Malpass. “,”descriptionText”:”Capital allocation of the world is mostly going to advanced economies and the wealthy, World Bank President David Malpass says. And with Wall Street and financial centers issuing bonds on behalf of the rich, reducing world poverty won’t be easy, according to Malpass. “},{“title”:”EY CEO lists top five risks of ‘bumpy’ year ahead”,”duration”:”02:32″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/21/marketplace-europe-ey-ceo-businesses-economy.cnnbusiness/index.xml”,”videoId”:”business/2022/01/21/marketplace-europe-ey-ceo-businesses-economy.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220121115534-ey-ceo-carmine-di-sibio-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/21/marketplace-europe-ey-ceo-businesses-economy.cnnbusiness/video/playlists/business-economy/”,”description”:”Carmine Di Sibio predicts a “bumpy” year for European businesses in 2022. The EY CEO tells CNN’s Nina dos Santos that geopolitics, supply chains and Covid-19 are all set to pile pressure on the global economy.”,”descriptionText”:”Carmine Di Sibio predicts a “bumpy” year for European businesses in 2022. The EY CEO tells CNN’s Nina dos Santos that geopolitics, supply chains and Covid-19 are all set to pile pressure on the global economy.”},{“title”:”Jobs recovery to stumble in 2022 UN agency warns”,”duration”:”03:56″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness/index.xml”,”videoId”:”business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220119154640-job-prediction-2022-un-ilo-guy-ryder-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness/video/playlists/business-economy/”,”description”:”Employment will fall 52 million jobs short of pre-pandemic levels worldwide, leaving more than 200 million people unemployed in 2022, according to the United Nations International Labour Organization. ILO Director General Guy Ryder says we haven’t yet reached a new normal. “,”descriptionText”:”Employment will fall 52 million jobs short of pre-pandemic levels worldwide, leaving more than 200 million people unemployed in 2022, according to the United Nations International Labour Organization. ILO Director General Guy Ryder says we haven’t yet reached a new normal. “},{“title”:”Rising mortgage rates pressure buyers to move quickly”,”duration”:”03:05″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/21/mortgage-rates-rise-homebuyers.cnnbusiness/index.xml”,”videoId”:”business/2022/01/21/mortgage-rates-rise-homebuyers.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220121082657-mortgage-rates-mary-kate-ou-homebuyer-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/21/mortgage-rates-rise-homebuyers.cnnbusiness/video/playlists/business-economy/”,”description”:”Mortgage rates are at the highest level since March of 2020. CNN’s Vanessa Yurkevich reports on how rising rates are making an already competitive market more stressful for buyers.”,”descriptionText”:”Mortgage rates are at the highest level since March of 2020. CNN’s Vanessa Yurkevich reports on how rising rates are making an already competitive market more stressful for buyers.”},{“title”:”Where are all the workers? Here are four reasons behind the labor shortage”,”duration”:”03:32″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/14/labor-shortage-economy-js-orig.cnn/index.xml”,”videoId”:”business/2022/01/14/labor-shortage-economy-js-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220111145511-us-help-wanted-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/14/labor-shortage-economy-js-orig.cnn/video/playlists/business-economy/”,”description”:”Where have all the workers gone? It’s a question that politicians, business owners, and economists are all asking. CNN Business’ Jon Sarlin dives into just what’s behind the unprecedented labor market.”,”descriptionText”:”Where have all the workers gone? It’s a question that politicians, business owners, and economists are all asking. CNN Business’ Jon Sarlin dives into just what’s behind the unprecedented labor market.”},{“title”:”‘It’s insane’: Gas station owner reveals what inflation is doing to his business”,”duration”:”02:59″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220113095139-gas-pump-nyc-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Americans are struggling to keep up with rising prices as inflation grows at the fastest annual pace in almost 40 years. CNN’s Vanessa Yurkevich reports.”,”descriptionText”:”Americans are struggling to keep up with rising prices as inflation grows at the fastest annual pace in almost 40 years. CNN’s Vanessa Yurkevich reports.”},{“title”:”IMF Director: Supply disruptions may continue into 2023″,”duration”:”04:20″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/12/imf-director-inflation-debt-fed-qmb.cnnbusiness/index.xml”,”videoId”:”business/2022/01/12/imf-director-inflation-debt-fed-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220112130405-imf-director-kristalina-georgieva-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/12/imf-director-inflation-debt-fed-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Kristalina Georgieva, Managing Director of the International Monetary Fund says supply disruptions may continue into 2023, and she explains the increased concern surrounding inflation and rate increases. “,”descriptionText”:”Kristalina Georgieva, Managing Director of the International Monetary Fund says supply disruptions may continue into 2023, and she explains the increased concern surrounding inflation and rate increases. “},{“title”:”ADP Economist: Higher wages aren’t enough to bring workers back”,”duration”:”02:30″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/12/omicron-impact-on-job-recovery-orig.cnn-business/index.xml”,”videoId”:”business/2022/01/12/omicron-impact-on-job-recovery-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220112131222-markets-now-richardson-adp-01-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/12/omicron-impact-on-job-recovery-orig.cnn-business/video/playlists/business-economy/”,”description”:”The US is still down 3.6 million jobs from pre-pandemic levels. Nela Richardson, Chief Economist at ADP, explains why she believes workers will ultimately come back and what that might look like.”,”descriptionText”:”The US is still down 3.6 million jobs from pre-pandemic levels. Nela Richardson, Chief Economist at ADP, explains why she believes workers will ultimately come back and what that might look like.”},{“title”:”Restaurant owner who lost $2 million in weeks speaks out”,”duration”:”02:48″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/12/restaurants-industry-covid-omicron-struggles-newday-yurkevich-pkg-newday-vpx.cnn/index.xml”,”videoId”:”business/2022/01/12/restaurants-industry-covid-omicron-struggles-newday-yurkevich-pkg-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220112082528-restaurant-large-169.jpeg”,”videoUrl”:”/videos/business/2022/01/12/restaurants-industry-covid-omicron-struggles-newday-yurkevich-pkg-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”Restaurants across the nation are on the brink of closing again as the Omicron variant continues to spread rapidly across the United States. CNN’s Vanessa Yurkevich reports.”,”descriptionText”:”Restaurants across the nation are on the brink of closing again as the Omicron variant continues to spread rapidly across the United States. CNN’s Vanessa Yurkevich reports.”},{“title”:”Warren uses ‘econ 101′ to grill Jerome Powell”,”duration”:”03:35″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/11/warren-powell-inflation-101.cnn/index.xml”,”videoId”:”business/2022/01/11/warren-powell-inflation-101.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220111101302-warren-powell-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/11/warren-powell-inflation-101.cnn/video/playlists/business-economy/”,”description”:”Sen. Elizabeth Warren questioned Federal Reserve Chairman Jerome Powell about whether increased costs on goods can be attributed to corporations’ market power. “,”descriptionText”:”Sen. Elizabeth Warren questioned Federal Reserve Chairman Jerome Powell about whether increased costs on goods can be attributed to corporations’ market power. “},{“title”:”Inflation may stay high in 2022″,”duration”:”02:30″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/03/inflation-fed-reserve-2022-mohamed-el-erian-qmb.cnnbusiness/index.xml”,”videoId”:”business/2022/01/03/inflation-fed-reserve-2022-mohamed-el-erian-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220103131221-inflation-mohamed-el-erian-fed-2022-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/03/inflation-fed-reserve-2022-mohamed-el-erian-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Inflation may remain high and persistent in 2022, and central banks have to regain control, says Mohamed El-Erian, Chief Economic Adviser of Allianz and President of Queens College at Cambridge University. El-Erian advises against rushing to sell everything going into the year as more record highs may come. “,”descriptionText”:”Inflation may remain high and persistent in 2022, and central banks have to regain control, says Mohamed El-Erian, Chief Economic Adviser of Allianz and President of Queens College at Cambridge University. El-Erian advises against rushing to sell everything going into the year as more record highs may come. “},{“title”:”Manpower CEO: Employers are optimistic “,”duration”:”04:25″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/12/27/job-market-optimism-return-to-work-manpower-ceo-prising-qmb.cnnbusiness/index.xml”,”videoId”:”business/2021/12/27/job-market-optimism-return-to-work-manpower-ceo-prising-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211227133452-manpower-ceo-jonas-prising-jobs-large-169.jpg”,”videoUrl”:”/videos/business/2021/12/27/job-market-optimism-return-to-work-manpower-ceo-prising-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Strong hiring and business optimism from employers is what CEO of Manpower Group Jonas Prising sees. They are confident on business outlook despite supply issues, which are “postponed demand, not canceled demand,” says Prising. The CEO also discusses return to work, flexible arrangements and work mandated vaccines. “,”descriptionText”:”Strong hiring and business optimism from employers is what CEO of Manpower Group Jonas Prising sees. They are confident on business outlook despite supply issues, which are “postponed demand, not canceled demand,” says Prising. The CEO also discusses return to work, flexible arrangements and work mandated vaccines. “}],currentVideoCollectionId = ”,isLivePlayer = false,mediaMetadataCallbacks,mobilePinnedView = null,moveToNextTimeout,mutePlayerEnabled = false,nextVideoId = ”,nextVideoUrl = ”,turnOnFlashMessaging = false,videoPinner,videoEndSlateImpl;if (CNN.autoPlayVideoExist === false) {autoStartVideo = false;autoStartVideo = typeof CNN.isLoggedInVideoCheck === ‘function’ ? CNN.isLoggedInVideoCheck(autoStartVideo) : autoStartVideo;if (autoStartVideo === true) {if (turnOnFlashMessaging === true) {autoStartVideo = false;containerEl = jQuery(document.getElementById(configObj.markupId));CNN.VideoPlayer.showFlashSlate(containerEl);} else {CNN.autoPlayVideoExist = true;}}}configObj.autostart = CNN.Features.enableAutoplayBlock ? false : autoStartVideo;CNN.VideoPlayer.setPlayerProperties(configObj.markupId, autoStartVideo, isLivePlayer, isVideoReplayClicked, mutePlayerEnabled);CNN.VideoPlayer.setFirstVideoInCollection(currentVideoCollection, configObj.markupId);var videoHandler = {},isFeaturedVideoCollectionHandlerAvailable = (CNN !== undefined &&CNN.VIDEOCLIENT !== undefined &&CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler !== undefined);if (!isFeaturedVideoCollectionHandlerAvailable) {CNN.INJECTOR.executeFeature(‘videx’).done(function () {jQuery.ajax({dataType: ‘script’,cache: true,url: ‘//www.i.cdn.cnn.com/.a/2.283.2/js/featured-video-collection-player.min.js’}).done(function () {initializeVideoAndCollection();}).fail(function () {throw ‘Unable to fetch /js/featured-video-collection-player.min.js’;});}).fail(function () {throw ‘Unable to fetch the videx bundle’;});}function initializeVideoAndCollection() {videoHandler = new CNN.VIDEOCLIENT.FeaturedVideoCollectionHandler(configObj.markupId,”cn-featured-1oj7b0w”,’js-video_description-featured-1oj7b0w’,[{“title”:”The Fed signals rate hike coming ‘soon'”,”duration”:”02:05″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness/index.xml”,”videoId”:”business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220126080933-01-jerome-powell-1130-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/26/federal-reserve-interest-rates-raise-soon.cnnbusiness/video/playlists/business-economy/”,”description”:”The Federal Reserve signaled it would raise interest rates “soon,” likely in March, making it the first rate hike in over three years. CNN’s Matt Egan reports.”,”descriptionText”:”The Federal Reserve signaled it would raise interest rates “soon,” likely in March, making it the first rate hike in over three years. CNN’s Matt Egan reports.”},{“title”:”IMF chief explains why she thinks inflation will end in 2023″,”duration”:”01:40″,”sourceName”:”CNN”,”sourceLink”:”http/edition.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn/index.xml”,”videoId”:”business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220125142724-imf-kristalina-georgieva-january-25-2022-screengrab-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/25/kristalina-georgieva-imf-inflation-end-2023-amanpour-sot-vpx.cnn/video/playlists/business-economy/”,”description”:”Kristalina Georgieva, managing director of the International Monetary Fund, explains why she believes that the rapid inflation experienced in the US and other countries can end if the pandemic is brought under control in 2022.”,”descriptionText”:”Kristalina Georgieva, managing director of the International Monetary Fund, explains why she believes that the rapid inflation experienced in the US and other countries can end if the pandemic is brought under control in 2022.”},{“title”:”EU considers economic warfare against Russia “,”duration”:”02:49″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn/index.xml”,”videoId”:”business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220125063247-european-union-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/25/russia-ukraine-european-union-economics-trade-ovn-intl-vpx.cnn/video/playlists/business-economy/”,”description”:”As tensions grow between Ukraine and Russia, the European Union is preparing to enact sanctions against Russia in order to weaken their economy. CNN’s Anna Stewart reports. “,”descriptionText”:”As tensions grow between Ukraine and Russia, the European Union is preparing to enact sanctions against Russia in order to weaken their economy. CNN’s Anna Stewart reports. “},{“title”:”World Bank President: Rich are getting richer”,”duration”:”01:53″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness/index.xml”,”videoId”:”business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220121132246-david-malpass-world-bank-president-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/21/world-bank-president-developed-countries-capital-malpass-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Capital allocation of the world is mostly going to advanced economies and the wealthy, World Bank President David Malpass says. And with Wall Street and financial centers issuing bonds on behalf of the rich, reducing world poverty won’t be easy, according to Malpass. “,”descriptionText”:”Capital allocation of the world is mostly going to advanced economies and the wealthy, World Bank President David Malpass says. And with Wall Street and financial centers issuing bonds on behalf of the rich, reducing world poverty won’t be easy, according to Malpass. “},{“title”:”EY CEO lists top five risks of ‘bumpy’ year ahead”,”duration”:”02:32″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/21/marketplace-europe-ey-ceo-businesses-economy.cnnbusiness/index.xml”,”videoId”:”business/2022/01/21/marketplace-europe-ey-ceo-businesses-economy.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220121115534-ey-ceo-carmine-di-sibio-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/21/marketplace-europe-ey-ceo-businesses-economy.cnnbusiness/video/playlists/business-economy/”,”description”:”Carmine Di Sibio predicts a “bumpy” year for European businesses in 2022. The EY CEO tells CNN’s Nina dos Santos that geopolitics, supply chains and Covid-19 are all set to pile pressure on the global economy.”,”descriptionText”:”Carmine Di Sibio predicts a “bumpy” year for European businesses in 2022. The EY CEO tells CNN’s Nina dos Santos that geopolitics, supply chains and Covid-19 are all set to pile pressure on the global economy.”},{“title”:”Jobs recovery to stumble in 2022 UN agency warns”,”duration”:”03:56″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness/index.xml”,”videoId”:”business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220119154640-job-prediction-2022-un-ilo-guy-ryder-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/19/job-prediction-2022-slow-un-ilo.cnnbusiness/video/playlists/business-economy/”,”description”:”Employment will fall 52 million jobs short of pre-pandemic levels worldwide, leaving more than 200 million people unemployed in 2022, according to the United Nations International Labour Organization. ILO Director General Guy Ryder says we haven’t yet reached a new normal. “,”descriptionText”:”Employment will fall 52 million jobs short of pre-pandemic levels worldwide, leaving more than 200 million people unemployed in 2022, according to the United Nations International Labour Organization. ILO Director General Guy Ryder says we haven’t yet reached a new normal. “},{“title”:”Rising mortgage rates pressure buyers to move quickly”,”duration”:”03:05″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/21/mortgage-rates-rise-homebuyers.cnnbusiness/index.xml”,”videoId”:”business/2022/01/21/mortgage-rates-rise-homebuyers.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220121082657-mortgage-rates-mary-kate-ou-homebuyer-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/21/mortgage-rates-rise-homebuyers.cnnbusiness/video/playlists/business-economy/”,”description”:”Mortgage rates are at the highest level since March of 2020. CNN’s Vanessa Yurkevich reports on how rising rates are making an already competitive market more stressful for buyers.”,”descriptionText”:”Mortgage rates are at the highest level since March of 2020. CNN’s Vanessa Yurkevich reports on how rising rates are making an already competitive market more stressful for buyers.”},{“title”:”Where are all the workers? Here are four reasons behind the labor shortage”,”duration”:”03:32″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/14/labor-shortage-economy-js-orig.cnn/index.xml”,”videoId”:”business/2022/01/14/labor-shortage-economy-js-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220111145511-us-help-wanted-file-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/14/labor-shortage-economy-js-orig.cnn/video/playlists/business-economy/”,”description”:”Where have all the workers gone? It’s a question that politicians, business owners, and economists are all asking. CNN Business’ Jon Sarlin dives into just what’s behind the unprecedented labor market.”,”descriptionText”:”Where have all the workers gone? It’s a question that politicians, business owners, and economists are all asking. CNN Business’ Jon Sarlin dives into just what’s behind the unprecedented labor market.”},{“title”:”‘It’s insane’: Gas station owner reveals what inflation is doing to his business”,”duration”:”02:59″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness/index.xml”,”videoId”:”business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220113095139-gas-pump-nyc-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/13/inflation-rising-prices-newday-yurkevich-vpx.cnnbusiness/video/playlists/business-economy/”,”description”:”Americans are struggling to keep up with rising prices as inflation grows at the fastest annual pace in almost 40 years. CNN’s Vanessa Yurkevich reports.”,”descriptionText”:”Americans are struggling to keep up with rising prices as inflation grows at the fastest annual pace in almost 40 years. CNN’s Vanessa Yurkevich reports.”},{“title”:”IMF Director: Supply disruptions may continue into 2023″,”duration”:”04:20″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/12/imf-director-inflation-debt-fed-qmb.cnnbusiness/index.xml”,”videoId”:”business/2022/01/12/imf-director-inflation-debt-fed-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220112130405-imf-director-kristalina-georgieva-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/12/imf-director-inflation-debt-fed-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Kristalina Georgieva, Managing Director of the International Monetary Fund says supply disruptions may continue into 2023, and she explains the increased concern surrounding inflation and rate increases. “,”descriptionText”:”Kristalina Georgieva, Managing Director of the International Monetary Fund says supply disruptions may continue into 2023, and she explains the increased concern surrounding inflation and rate increases. “},{“title”:”ADP Economist: Higher wages aren’t enough to bring workers back”,”duration”:”02:30″,”sourceName”:”CNN Business”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/12/omicron-impact-on-job-recovery-orig.cnn-business/index.xml”,”videoId”:”business/2022/01/12/omicron-impact-on-job-recovery-orig.cnn-business”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220112131222-markets-now-richardson-adp-01-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/12/omicron-impact-on-job-recovery-orig.cnn-business/video/playlists/business-economy/”,”description”:”The US is still down 3.6 million jobs from pre-pandemic levels. Nela Richardson, Chief Economist at ADP, explains why she believes workers will ultimately come back and what that might look like.”,”descriptionText”:”The US is still down 3.6 million jobs from pre-pandemic levels. Nela Richardson, Chief Economist at ADP, explains why she believes workers will ultimately come back and what that might look like.”},{“title”:”Restaurant owner who lost $2 million in weeks speaks out”,”duration”:”02:48″,”sourceName”:”CNN”,”sourceLink”:”https://cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/12/restaurants-industry-covid-omicron-struggles-newday-yurkevich-pkg-newday-vpx.cnn/index.xml”,”videoId”:”business/2022/01/12/restaurants-industry-covid-omicron-struggles-newday-yurkevich-pkg-newday-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220112082528-restaurant-large-169.jpeg”,”videoUrl”:”/videos/business/2022/01/12/restaurants-industry-covid-omicron-struggles-newday-yurkevich-pkg-newday-vpx.cnn/video/playlists/business-economy/”,”description”:”Restaurants across the nation are on the brink of closing again as the Omicron variant continues to spread rapidly across the United States. CNN’s Vanessa Yurkevich reports.”,”descriptionText”:”Restaurants across the nation are on the brink of closing again as the Omicron variant continues to spread rapidly across the United States. CNN’s Vanessa Yurkevich reports.”},{“title”:”Warren uses ‘econ 101′ to grill Jerome Powell”,”duration”:”03:35″,”sourceName”:”CNN”,”sourceLink”:”cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/11/warren-powell-inflation-101.cnn/index.xml”,”videoId”:”business/2022/01/11/warren-powell-inflation-101.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220111101302-warren-powell-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/11/warren-powell-inflation-101.cnn/video/playlists/business-economy/”,”description”:”Sen. Elizabeth Warren questioned Federal Reserve Chairman Jerome Powell about whether increased costs on goods can be attributed to corporations’ market power. “,”descriptionText”:”Sen. Elizabeth Warren questioned Federal Reserve Chairman Jerome Powell about whether increased costs on goods can be attributed to corporations’ market power. “},{“title”:”Inflation may stay high in 2022″,”duration”:”02:30″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2022/01/03/inflation-fed-reserve-2022-mohamed-el-erian-qmb.cnnbusiness/index.xml”,”videoId”:”business/2022/01/03/inflation-fed-reserve-2022-mohamed-el-erian-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/220103131221-inflation-mohamed-el-erian-fed-2022-large-169.jpg”,”videoUrl”:”/videos/business/2022/01/03/inflation-fed-reserve-2022-mohamed-el-erian-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Inflation may remain high and persistent in 2022, and central banks have to regain control, says Mohamed El-Erian, Chief Economic Adviser of Allianz and President of Queens College at Cambridge University. El-Erian advises against rushing to sell everything going into the year as more record highs may come. “,”descriptionText”:”Inflation may remain high and persistent in 2022, and central banks have to regain control, says Mohamed El-Erian, Chief Economic Adviser of Allianz and President of Queens College at Cambridge University. El-Erian advises against rushing to sell everything going into the year as more record highs may come. “},{“title”:”Manpower CEO: Employers are optimistic “,”duration”:”04:25″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/12/27/job-market-optimism-return-to-work-manpower-ceo-prising-qmb.cnnbusiness/index.xml”,”videoId”:”business/2021/12/27/job-market-optimism-return-to-work-manpower-ceo-prising-qmb.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211227133452-manpower-ceo-jonas-prising-jobs-large-169.jpg”,”videoUrl”:”/videos/business/2021/12/27/job-market-optimism-return-to-work-manpower-ceo-prising-qmb.cnnbusiness/video/playlists/business-economy/”,”description”:”Strong hiring and business optimism from employers is what CEO of Manpower Group Jonas Prising sees. They are confident on business outlook despite supply issues, which are “postponed demand, not canceled demand,” says Prising. The CEO also discusses return to work, flexible arrangements and work mandated vaccines. “,”descriptionText”:”Strong hiring and business optimism from employers is what CEO of Manpower Group Jonas Prising sees. They are confident on business outlook despite supply issues, which are “postponed demand, not canceled demand,” says Prising. The CEO also discusses return to work, flexible arrangements and work mandated vaccines. “}],’js-video_headline-featured-1oj7b0w’,”,”js-video_source-featured-1oj7b0w”,true,true,’business-economy’);if (typeof configObj.context !== ‘string’ || configObj.context.length