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Transcripts For BBCNEWS Asia 20240705

by the federal chair. fed chair based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a level of confidence by the time of the march meeting to identify march as the time to do that. but that is to be seen. mr powell s words disappointed us on wall street who believed that the first cut would potentially happen in march. this is after policymakers back in december hinted at three rate cuts in 202a. however, mr powell said officials wanted greater confidence that inflation was falling back to its 2% goal first. with prices coming down but still high and with the economy doing well, david russell at trade station believes that this is the right call telling mejerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. in other news, now to other stories making headlines. b

Bits and Bytes

​A man who purchased a laptop worth Rs 1.13 lakh from Flipkart during its Republic Day sale has claimed that he received “some old discarded laptop” instead. Souro Mukherjee has shared the video on X in which the delivery agent can be seen unboxing the laptop.

adb: India, ADB ink pacts for $500-mln loans to bolster infra sector

The project will help the RRTS improve urban mobility, and women and the differently abled will benefit from its economic impact, Mukherjee said. Passing through the populated sections of the national capital region, the 82-km corridor is aimed at providing fast, safe, and high-capacity commuter transit services, expanding economic and job opportunities by cutting travel time from three-four hours now to about one hour, according to one of the statements.

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