another area of concern is the labour market, which while still strong is showing signs of cooling. so what will america s central bank do and say? the bbc s michelle fleury reports from westchester, new york. losing momentum after nine rate hikes in the past year. the federal reserve s efforts to cool the us economy are having an effect. this is a chain that you ll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first hand. right now, we re expecting some softness in the marketplace for probably six months or so. we re seeing a lot of softness in the marketplace as far as demand the commitment in terms of like long term blanket orders with customers. we re not seeing that either right now. so we re having some challenges with that. american businesses are pulling back on spending and hiring. the housing market is slowing both areas sensitive to changes in interest rates. and mor
and warned that there could be further rate hikes. the bank s governor acknowledged that inflation is now past its peak, but it will take awhile for it to fall back into the bank s target range of two to 3%. in china, it s the last day of an extended time off. a one day labour day holiday observed in many countries is actually a five day break in china. it s the first ultra long weekend since the spring festival injanuary and authorities had forecasted increased travel across different modes of transportation. for clues on how this tourism revival will help prospects for the world s second largest economy, let s bring in raymond cheng from standard chartered. great to get you on the show. what is your sense of how the taurus revival is going and how that might help to boost china s economy? we have help to boost china s economy? - have seen very strong domestic taurus traffic across the board and