rate at 5 5.25%. but it has won the there may be increases later in this year. what exactly is the european central bank thinking? when it comes to its increases today, here is what the president had to say. indicators of underlying the president had to say. indicators of underlying price the president had to say. indicators of underlying price pressures - the president had to say. indicators| of underlying price pressures remain strong, although some show tentative signs of softening. staff have revised up their projections for inflation, excluding energy and food, especially for this year and next, owing to past upward surprises and the implications of the robust labour market for the speed of this inflation. they now see it reaching 5.1% in 2023, before it declines to 3% in 2024. 50 5.1% in 2023, before it declines to 396 in 2024- 5.196 in 2023, before it declines to 396 in 2024. ., ., 396 in 2024. so that view there from the eumpean 396 in 2024. so that view there
historical rate hiking campaign hours the time to take a break and give the time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans, and credit cards. the decision left the fed s benchmark at between 5% and 525%. for companies and consumers alike the pain may not be over. as fed chair jerome powell meekly during his press conference, with us inflation running above the bank s 2% target its job is not yet done. i bank s 2% target its “ob is not et done. ~ . , bank s 296 target its “ob is not yet amt yet done. i think, as anyone can see. yet done. i think, as anyone can see. not yet done. i think, as anyone can see, not a yet done. i think, as anyone can see, not a single - yet done. i think, as anyone j can see, not a single person yet done. i think, as anyone i can see, not a single person on the committee wrote down a rate cut this year. nor is it likely to be appropriate, if you think about it, inflation ha
there was not a rate cut this year there was not a rate cut this year nor there was not a rate cut this year nor is there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down it. inflation has not moved down and it is not reacted much to our down and it is not reacted much to our interview existing rate hikes to our interview existing rate hikes so to our interview existing rate hikes so we have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices and follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants. earlier, i spoke with blerina uruci o
price of these items. greetings, j thank you for having me. as you mentioned, the food prices index, the climb compared to it, the decline was modest, around 2% but what is important is that the decline which we observed last march in march 2022 was over 22%. so what is behind it? let s remember that the food price index includes quotations of bulk commodities so on this international level bulk commodities, the markets depending on the specific commodity, remain relatively balanced supply and they are often quite stable. we have noticed a decline in the cereal prices when the maize and wheat prices when the maize and wheat prices decline while on the other hand rice prices increase. so it means the supply generally is quite steady while the demand remains steady. i would like to mention the case of sugar which has been, unlike other commodities, increasing recently. this is because of relatively tight conditions on the global markets and concerns about la nina on production.
over 330,000 or so that is a significant beat to use wall street parlance, and it wasjob gains across the board, jobs added in the government sector but also in businesses and enterprises and there is a sense that despite the fact that we have seen ten rate rises in america in the last 1a months, that you are still seeing this red hot jobs market that continues to make gains and if you take into account the fact that they revised upwards the fact that they revised upwards the months before, there was an additional 90,000 jobs in total, so this really is a blockbuster report. the headline unemployment rate has also increased. how does that tally with the figures? also increased. how does that tally with the figures? often what you get is eo - le with the figures? often what you get is peeple who with the figures? often what you get is people who were with the figures? often what you get is people who were on with the figures? often what you get is people who were on the