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
The telegraph claims senior Cabinet Ministers are in talks with labour counterparts to come up with a plan to force the government to soften its brexit strategy. The ft focuses on the warning from the eus chief negotiator Michel Barnier to get on with brexit talks, or face the prospect of the uk failing to secure a deal before the country leaves the union in march 2019. The i refers theresa mays comments to the 1922 committee as her mea culpa, saying the Prime Minister pledged to stay only as long as she was wanted. The times reports that mrs may told tory mps that she was prepared to scrap further cuts to public services, in a bid to win back support for the party. According to the guardian the Prime Minister was contrite at the 1922 Committee Meeting and that she sought to reassure back benchers more would be done to reach out to younger voters. The daily mirror portrays mrs may as Princess Leia from the star wars films, paraphrasing the movies famous line, may the force be with you.
Article - Explainer: Tourism Revival to Boost Hotels In 2024 - By Mohamed Dabo - The latest World Economic Forum travel and tourism study confirms a return to pre-pandemic tourist levels this year, marking a strong recovery for the hotel sector.
The Rural Development Minister of Himachal Pradesh, Anirudh Singh, has urged tourists to visit the state and help revive its tourism industry, which has been severely affected by floods and landslides. He stated that the state has incurred a loss of INR 10,000 crore due to the heavy rainfall and floods, with significant damage to infrastructure. Singh assured that all roads have been restored and that the state is safe for travel.
Fed May Be Able to Pause Rate Campaign, Harker Says; Credit-Card Debt Swells; China s Deflation Woes By James Christie Good day. The Federal Reserve might be able to hold off on further.