Jerome powell here in york, pennsylvania last year, some relief. Shes Been paying a higher rate on the Credit Card she uses to fund her Business. My Interest Rates have gone up, so my monthly payments have increased tremendously, so i would like to see the Interest Rates come Back down. Whenjerome powell visited this market, the Federal Reserve was watching closely to see if its Big Interest Rate hikes really were cooling inflation, even though it was tough and small Businesses. Thats aBout to change. Mr powell and his colleagues are set to Interest Rates. In york, the arrival of autumn marks a change. After raising Interest Rates 11 times, americas Central Bank is all But certain to unwind that, But how quickly they go down from here is still up for graBs. Perfectly like this on your porch, and then we price it less than picking up the pumpkins themselves. At this farm shop, the reBirth of the economy, as inflation falls closer to the feds official target of 2 , is yet another moment
to boost foreign investments in the country as its own economic engine slows. for clues on what we can expect. mattie bekink of the economist intelligence unit spoke to us. i think one of the reasons that this meeting and the stream of executives and world leaders turning to china in the last few months since the very surprisingly exit from the zero covid and the reopening is because there has been a perception gap that has only widened in the three years that china was close. but i mean by thatis china was close. but i mean by that is the perception of china from outside even those who have businesses here and for whom china is a very important market and the lived reality on the ground. that is true anywhere in the world but i think some of the geopolitical tensions and confusion during the pandemic. particularly contributed to this perception 93p- contributed to this perception gap. so what they will find is, one, but they will discover is a chance to revisit their own tea
welcome to world news america on pbs and around the globe. we begin in france where more than a hundred police officers have been injured in the latest protests over pension reforms. demonstrators used the traditional may day rallies, to voice their continued anger, against president emmanuel macron s plans. these protests have been widespread. take a look at the figures. according to the interior ministry, more than 780,000 protesters hit the streets across the country. that includes 112 thousand in the capital, paris alone. but the country s hard left cgt union, says the figure is actually three times that number. at issue of course is president macron s plans to raise the retirement age from 62, to 64. he signed the legislation last month, and the meaures are due to take effect in september. 0ur europe correspondent, nick beake has the latest. singing. the may day march, a french tradition reaching back decades, but fuelling this year s protests, the vision of a future whe
let s start in the us where some of the worlds leading money managers are warning the collapse of another american bank could lead to a credit crunch and an economic slowdown. constrained lending as a result of stricter banking regulation could stifle credit to the us economy at a critical time. we ll get an expert view on this in a moment but first here s my colleague samira hussain on the collapse of first republic. as of monday, first republic customers turning up at their bank are in fact customers ofjp morgan chase. the signs above will soon change. first republic had been under pressure since the collapse of silicon valley bank and signature bank two months earlier. last week, first republic revealed deposited had removed $100 million in the space of a few months. customers feared their money was not safe. investors became convinced that it too was about to fail. riding to the rescue of america s distressed financial system, the boss of america s biggest bank, jamie dim
11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic bank plunged, as investors worry that it could be the next to fail. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. and that has been putting a ton of pressure on smaller regional banks. now, depositors at first republic have withdrawn billions of dollars. the regional banks share prices has been cut in half. now, the biggest of the american banks have stepped in, led by the likes ofjp morgan and citigroup. 11 companies have agreed to make $30 billion of uninsured deposits in first republic. now, they have done this in the hope it will be enough to shore up confidence and notjust in first republic, but in the entire banking system. the troubles of those american lenders have fuelled concerns about the value of bonds held by banks, as rising in