Stronger than i think everyone expected. And so what youre seeing is this is what people believe, as of now, will be appropriate to achieve what were looking to achieve, which is progress toward our inflation goal. Central bankers now project higher growth and lower unemployment for next year. Central bankers now project higher growth and lower unemployment for next year. If theyre right, the us will have avoided a long feared recession. The decision gives policy makers more time to assess whether theyve done enough over the last 18 months to tame inflation. Remember, the fed began lifting Interest Rates from near zero back in march 2022. Central banks here in asia keep a close tab on the fed because us Interest Rates strongly influence Exchange Rates against the dollar. Fred newman covers economies in asia extensively for the banking giant, hsbc, and he says that the impact of us Monetary Policy on the rest of the world is not a primary concern for the fed. Well, its a little bit our
Fed Chairjerome Powell explained why central bankers were moving towards Holding Rates Higherfor longer. Economic rates higher for longer. Economic Activity Rates higherfor longer. Economic activity has been stronger than we expected, stronger than we expected, stronger than we expected, stronger than i think everyone expected. And so what youre seeing is this is what people believe, as of now, will be appropriate to achieve what were looking to achieve, which is progress toward our inflation goal. Central bankers now project higher growth and lower unemployment for next year. If theyre right, the us will have avoided a long feared avoided a long fea red recession. Avoided a long feared recession. The decision gives policy makers more time to assess whether theyve done enough over the last 18 months to tame inflation. Remember, the fed began lifting Interest Rates from near zero back in march 2022. Central banks here in asia keep a close tab on the fed because us Interest Rates strongl
In the customs union. Now on bbc news, all the latest Business News live from singapore. The Bank Of Japan the bank ofjapan meets, as things go from bad to worse for corporate japan. We discussed the problems, and what needs to be done. And the of south koreas election, we hear from whistleblowers in the Culture Of Corruption which roared down the president. It is wednesday. Good morning, asia, hello, world. Glad you could join us for Asia Business report. I am you could join us for Asia Business report. Iam rico you could join us for Asia Business report. I am rico hizon. You could join us for Asia Business report. Iam rico hizon. We you could join us for Asia Business report. I am rico hizon. We start with japan, and companies there are making headlines for all the wrong reasons. Fuji has delayed its most recent Earnings Report after discovering accounting is regularities, and toshiba is restructuring its business after the colla Pse Restructuring its business after the collapse of i
And im not talking hairstyles. Donald trump will present his tax plan today. Big cuts are expected. Will it make multinationals bring their huge foreign cash piles back to the us . And ahead of south koreas election, we hear from Whistle Blowers On The Culture Of Corruption which brought down that countrys president. Welcome to World Business report. Im aaron heslehurst. If you have about eight minutes, i promised to give you a fascinating snapshot of the world of business and money. Lets start in the us. Shaking up the tax system has been a major theme of the trump administration. Today hes promising what he describes as A Big Announcement on his planned reforms. In fact mr trump has already said hes planning what hes called maybe the biggest tax cut weve ever had. Take a look at this. During the campaign he talked about cutting the top individual tax rate from 36. 9 to 25 . In terms of business, he wants to cut the Corporate Tax rate from 35 to 15 . Mr trump has also proposed chargin
Losers in europe, on the they are all up. Also in the programme, well get the inside track on a smartwatch that allows parents to keep tabs on their children. But is wearable tech really the solution to Parenting Problems or just a technology too far . Let us know. Just use the hashtag bbcbizlive. Welcome to the programme. Please get in touch with your views on that story about parenting, wearable technology, or anything else we are covering. South korea is just a few hours away from finding out who its next leader will be. The election comes after the former President Park geun hye was removed from office as part of an Ongoing Investigation into corruption. The countrys economy bounced back strongly following the 2008 financial crisis, but in recent years, quarterly growth has struggled to break above 1 . What are the president ial hopefuls offering to try to change the fortu nes offering to try to change the fortunes of south korea . The current frontrunner moon jae in has vowed to b