pace, that is the message from the federal reserve. america s central bank. the policymakers says they intend to raise interest rates practice in its july after taking a break last month to assess the impact of ten brevis increases. it comes as americans are having to pay more for basic goods, but while officials seem to be an agreement are for what to do next, after the meeting on wednesday, there was disagreement over the decision to hold off untiljune. some say they could ve supported a rate rise last month because inflation remains well above its 2% target. the minutes show how policymakers are grappling with how to tame inflation after it hit a high last year, even as they left the benchmark rate unchanged in a five to five and a quarter percent, almost all officials believe more rate hikes are needed. i had of thejuly meeting, there are two marquee pieces of economic data that is due out to the statement a chapter practice friday and consumer inflation next week. us tre
this is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global market. the
earths just days ago. i think she really wants as she said to get communications open. we are trading a lot with china, china depends on the us, us depends on china but at the same time, security and geopolitical interests are coming into conflict. i would say it is a little bit like good cop bad cop, blinken being the bad cop and now yellen going in as the good cop trying to say, look, we have a lot in common, let s see what we can do together, but boy, back home in the united states, both the democrats and the republicans are bashing on china, trump put in tariffs on hundreds of billions of chinese goods and president biden, who has reversed every trump policy he can, has kept that one. but despite those cooling tensions, the trade between the two have actually been growing but of course just ahead of her visit, beijing announcing those export controls on rare metals, also introducing some new laws on foreign relations and counterespionage and so on. is beijing playing ha
could these moves actually backfire? could these moves actually backfire? ~ , , backfire? i think bei ing sees themselves h backfire? i think bei ing sees themselves as backfire? i think beijing sees themselves as countering - backfire? i think beijing sees l themselves as countering what themselves as countering what the us is doing, putting on export controls on things as listeners just heard, export controls on things as listenersjust heard, on listeners just heard, on quantum listenersjust heard, on quantum computing, artificial intelligence, areas where the us has the cutting edge and doesn t want beijing to catch up doesn t want beijing to catch up on the us says no, we re just doing that for security, not a competitive advantage and beijing is saying same thing. there are absolutely growing tensions here. there were before ukraine and since ukraine it s no doubt it has gotten a lot worse. m5 ukraine it s no doubt it has gotten a lot worse. ms yellen s china is not gotten
also introducing some new laws on foreign relations and counterespionage and so on. is beijing playing hardball or could these moves actually backfire? i think beijing sees themselves as countering what the us is doing, putting on export controls on things as listeners just heard, on quantum computing, artificial intelligence, areas where the us has the cutting edge and doesn t want beijing to catch up on the us says no, we re just doing that for security, not a competitive advantage and beijing is saying same thing. there are absolutely growing tensions here. there were before ukraine and since ukraine it s no doubt it has gotten a lot worse. what do you think beijing is hoping to get out of this trip?