problem you have is that the inflation data is lacking so that the policy actions they are taking todayis the policy actions they are taking today is at a time when the economy is already in some quarters showing signs that it is slowing down. we just had retail sales figures that were disappointing, showing that americans weren t spending as much as they had previously and where they were spending on things like gas prices, eating at restaurants, we know a lot of that has to do with the fact that it s we know a lot of that has to do with the fact that its higher prices they are having to pay them both those areas. they are having to pay them both those areas- those areas. donald trump when he was president those areas. donald trump when he was president used those areas. donald trump when he was president used to those areas. donald trump when he was president used to offer - those areas. donald trump when he was president used to offer a - was president used to offer a running
look, they re hoping there will be signs of inflation is abating. if it is not, they may have to be nimble or may have to be more aggressive in their policy actions and i think that s what you ll see tomorrow. you could see 75 basis points. what does that mean for consumers, paying more for a mortgage, car loan, any kind of credit card debt, and for companies it means they ll pay more on debt to grow as well. you re seeing mortgage rates looking here at close to 6% on a 30-year fixed rate. they were 3% earlier this year. consumers are feeling the pain all over the pace. either paying higher prices but to cure the higher prices they have to take medicine that is a higher borrowing cost. this is felt by consumers, no question, and by investors. look at the markets this year. the s&p 500 officially in a bear market yesterday, we ll see if it can try to stabilize today, but it has been ugly for investors and consumers. and what usually follows bear markets, recessions. thank you. let s t
The talks between Pakistan and the International Monetary Fund (IMF) for the 7th review under the USD 6 billion Extended Fund Facility (EFF) programme were dela
now in the spring, i have a whole new vehicle to play with. so, my mountain bike is the global economy. it s got all the power to drive it forward when needed, interest rates of brakes to slow things down when it s too hot, the latest technology it s all here. we think we know what we re doing and then you look at what s ahead. that hard slog to get it right. this is why the next few years are really going to be so difficult. because no matter what policy actions taken, they re going to be huge challenges,
or if they could ramp up their production by leasing more rigs or whatever, if he suggests, look, going forward, we re going to guarantee some minimum price, those kinds of policy actions would have a lot of political risks because no politician wants to say that we are guaranteeing amin mum amount of demand or price or profits or whatever for the energy industry. but yeah, these are global factors that have been driving up prices, here in the united states we choose to blame the president incorrectly, i think, for those global factors, maybe it s different elsewhere in the world but there s a long tradition in the united states of blaming or crediting the u.s. president for things that are beyond his control. the buck stops here, right, with the leader. look, and gas prices, they hurt, if you re stopping at a gas station and you re paying for the gas, you re hurting, and if you re driving by, everybody s head cranes to see the price of the gas at that particular gas station. so it s