about credit conditions. major us stock indexes fell more than 1% each on tuesday. shares in several regional banks in the us have dropped sharply, as investors fear the banking crisis is not over. another area of concern is the labour market, which, while still strong, is showing signs of cooling. so what will america s central bank do and say? the bbc s michelle fleury reports from westchester, new york. losing momentum after nine rate hikes in the past year. the federal reserve s efforts to cool the us economy are having an effect. this is a chain that you ll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first hand. right now, we re expecting some softness in the marketplace for probably six months or so. we re seeing a lot of softness in the marketplace as far as demand, the commitment in terms of like long term blanket orders with customers. we re not seeing that either right now. s
about credit conditions. major us stock indexes fell more than 1% each on tuesday. shares in several regional banks in the us have dropped sharply, as investors fear the banking crisis is not over. another area of concern is the labour market, which, while still strong, is showing signs of cooling. so what will america s central bank do and say? the bbc s michelle fleury reports from westchester, new york. losing momentum after nine rate hikes in the past year. the federal reserve s efforts to cool the us economy are having an effect. this is a chain that you ll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first hand. right now, we re expecting some softness in the marketplace for probably six months or so. we re seeing a lot of softness in the marketplace as far as demand, the commitment in terms of like long term blanket orders with customers. we re not seeing that either right now. s
manufacturing business in new york is seeing firsthand. right now we are york is seeing firsthand. right now we are expecting - york is seeing firsthand. right now we are expecting some i now we are expecting some softness in the marketplace for six months or so. we are seeing softness in terms of demand. the commitment for long term blanket orders, we are not seeing either so we are having some challenges with that. american businesses are pulling back on spending and hiring. the housing market is slowing, both areas sensitive to changes in interest rates and more pain could be coming. the central bank was tipped to raise rates again this week and what was expected to be its last hike for a while but after the collapse this week of first republic bank, some are speculating it may already be done with the bed having to manage inflation, growth and now financial stability concerns. slowing the economy too much could lead to a recession and with inflation operating and problems with us
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the federal reserve passed my efforts to cool the us economy are having an effect. this is a chain that you will see on roller shades. something bill who runs a family owned manufacturing business in westchester, new york is seeing first hand. right now, we are expecting some softness in the marketplace for about six months or so. we are seeing a lot of softness in the marketplace as far as demand. the commitment in terms of long term blanket orders from customers, we are not seeing either right now. so, we are having some challenges with that. american businesses are pulling back on spending and hiring. the housing market is slowing but both areas are sensitive to changes in interest rates. and more pain may be coming. america s central bank was tipped to raise rates again this week in what was expected to be its last hike for a while. but after the collapse this week of first republic bank, some are speculating it may already be done, with the fed having to manage inflation, growth a