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
more than 9% injune of last year. it is a sign of the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america central bank will raise interest rates one more time at their next meeting. it is good news for consumers but also good news for us president joe biden who counted the administration s efforts to bring prices down. he is facing re election next year and being able to control inflation without pushing the repeat into recession, it will be key in montana for years at the white house. the chief economist says he is wondering whether this is a turning point. other central banks around what asking themselves, has the us peak? we are, consumers can get the stuff they want to buy. one of the things they are concerned with is even that he had numbers is down to 3%, waved down from nine, the core inflation excluding the food and energy components are still pretty high, nowhere near the 2% target. i think w
and it has fallen pretty sharply from its peak of more than 9% injune of last year. it is a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers but it is also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he s facing re rlection next year and being able to control inflation without pushing the economy into a recession will be key if he want another four years in the white house. william lee is the milken institute chief economist and he says everyone is wondering whether this is a turning point. that is the ultimate question at the fomc and all the central banks around about asking themselves, has it peaked? a lot of the inflation decreases have come about because supply chain to become restored around th
of republican presidents and even obama several years before him, so a push for more government intervention in the economy, more government funding to go to things like manufacturing, education and health care, and that stands in sharp contrast between what obama and trumpeted before him, where they were kind of pushing through really big tax cuts. i think in terms of how we are doing economically, we are leading the g7 in terms of our post pandemic recovery, and a strong economy is the syllabus in decatur for how an election will come out, with an incoming president, so because there is a strong economy, it looks, looking at past elections, it looks, looking at past elections, it seems likely that biden will win the election if we are going on the past elections, but i m not sure that sincerely translated into popularity in the polls. you mention 49%. that is on the higher end. he has also been hovering in the low 405, in terms of approval rating, and he should just be doin
might say it is naive, england would say it is brave. they scored quickly again and have given themselves a chance to reclaim the initiative on the third day here at lord s. manchester united have agreed a deal to buy england international mason mount from chelsea. talks to try to resolve the impasse over a fee for the midfielder have been successful, with an initial £55 million agreed that could rise to 60. mount will sign a five year deal at old trafford. ex chelsea midfielder n golo kante has bought a football club. the france international will become the chairman of the belgian third tier side royal excelsior virton on the same day he joins the saudi arabia pro league side al ittihad. the greatest cycle race in the world gets under way this weekend. the 110th tour de france will start in bilbao that s spain, of course on saturday. but the traditional grand depart always begins on the thursday night. tadej pogacar is one of two overwhelming favourites for the yellow