the first time it has opted against a rise in more than a year. fed chairmanjerome powell said the bank was still waiting for evidence that inflation was slowing decisively. so what might be in store? to talk through what s at stake i m joined by francis 0h, asia pacific chief executive at qraft technologies. a warm welcome to the programme. argue with the economists, the bookies that predict that inflation will actually be coming down to around 3%? actually be coming down to around 396? actually be coming down to around 396? ., ~ , ., ., ., around 396? thank you for having me, es, this is interesting because it would take a long time to see the 3% level could be achieved. we are still waiting and see for extra detail but right now the call of economists is about 3.1% of cpi data thisjune, which is also substantially different from the previous three months in may and i think the query strategy is that the cooling down of the cpi, and the fed looks like it will be changing t
West shelf lng plant next year. West shelf lng plant next year. We expect the risk premium now for global gas markets should partially subside but what this incident really highlights is how fragile the global gas market is in the wake of the withdrawal of russian supply last year and global gas markets are still going to stay on edge towards any kind of risk of Supply Disruptions over the next few years. The next few years. That is a aood the next few years. That is a good point the next few years. That is a good point you the next few years. That is a good point you raise, the next few years. That is a good point you raise, saul, l good point you raise, saul, that it good point you raise, saul, thatitis good point you raise, saul, that it is a fragile situation fraught with worries. What more do you think can be done to try and insulate this in these circumstances . It and insulate this in these circumstances . Circumstances . It is very difficult circumstances . It is very difficul
is in itself contingent on the use of that land for building houses, and, of course, if the end clients for the way it is much more difficult for local governments to find themselves. so, there is a long chain of activities here that the chinese authority is struggling to put right. chinese authority is struggling to put risht to put right. well, let s stay with china to put right. well, let s stay with china because - to put right. well, let s stay with china because as - to put right. well, let s stay with china because as we i with china because as we mentioned in the next hour the people s bank of china will be reviewing its loan rates. the five and one year rates are in focus and the five year was last at five point 2% at the one year at a record low of 3.55% after a small reduction injune. it is a busy week for other central bankers in the us, europe and asia from the 24th to the 26th of august us fed host its symposium in wyoming which includes a speed from fed chairmanjerome
the first time it has opted against a rise in more than a year. fed chairmanjerome powell said the bank was still waiting for evidence that inflation was slowing decisively. so what might be in store? to talk through what s at stake i m joined by francis 0h, asia pacific chief executive at qraft technologies. a warm welcome to the programme. argue with the economists, the bookies that predict that inflation will actually be coming down to around 3%? actually be coming down to around 396? actually be coming down to around 396? ., ~ , ., ., ., around 396? thank you for having me, es, this is interesting because it would take a long time to see the 3% level could be achieved. we are still waiting and see for extra detail but right now the call of economists is about
to rein in high inflation. some economists had expected the fed to halt its rate increases, amid fears of contagion, following the collapse of three us banks in recent weeks, among them the silicon valley bank. speaking after the rate decision, the federal reserve chair said the central bank is closely monitoring conditions in the banking system. inflation remains too high and the labour market continues to be very tight. my colleagues and i understand the hardship that high inflation is causing an we remain strongly committed to bringing inflation back down to our 2% goal. price stability is the responsibility of the federal reserve. without price stability the economy does not work for anyone. our north america business correspondent michelle fleuryjoins me now. michelle, this was deemed as one of the most consequential decision of the most consequential decision of the fed chairmanjerome powell s time in office. can we take from