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Transcripts For BBCNEWS BBC 20240703

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Transcripts For BBCNEWS Business 20240703

Any news of prices falling increases the hopes from investors that the fed will start cutting the main interest rate, sooner rather than later. Joining me now is wei li, global chief Investment Strategist at blackrock. Thank you for being here. What impact is this having on the markets this morning . This is a welcome relief. We are seeing some information as expected. Part of the inflation is cooling down a little bit coming from very elevated levels earlier in the year. Also encouraging the core goods inflation it is actually negative which again is a welcome release and has been driven by mismatch unwinding. Iwas has been driven by mismatch unwinding. I wasjust has been driven by mismatch unwinding. I was just looking at Market Pricing for 2024, it was at 1. 6 and after this inflation went out for 2024 and just for context, at the beginning of the year Market Pricing had cut because of higher than expected inflation prices. With a more positive inflation than the stock market as wel

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