can see from unemployment data and from depopulation and that is the way forward. of course, china will try to smooth this structured deceleration as much as possible. structured deceleration as much as possible- as possible. those population numbers and as possible. those population numbers and the as possible. those population i numbers and the unemployment numbers and the unemployment numbers which china s government has decided to release this time around, what long term impact of those figures likely to have on the economy? figures likely to have on the econom ? ~ , economy? well, the good news, to start with economy? well, the good news, to start with the economy? well, the good news, to start with the good economy? well, the good news, to start with the good news, - economy? well, the good news, to start with the good news, is l to start with the good news, is because china is still urban icing and moving population from rural areas to the cities, impact on
there was not a rate cut this year there was not a rate cut this year nor there was not a rate cut this year nor is there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down it. inflation has not moved down and it is not reacted much to our down and it is not reacted much to our interview existing rate hikes to our interview existing rate hikes so to our interview existing rate hikes so we have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices and follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants. earlier, i spoke with blerina uruci o
quicklx the fed has tightened policy quickly. a increase in excellent bit over a year and that excellent bit over a year and that is excellent bit over a year and that is huge, historically it s a enormous increase and i think is a lot, a enormous increase and i think is a lot, there is one view that is a lot, there is one view that the is a lot, there is one view that the fed should wait to see the impact of what they have dona any break may be short lived. us inflation is still running well above the fed s 2% target. so the pain from higher borrowing costs to companies and to consumers is likely not over, according to diane swonk, chief economist at kpmg in the us, who believes the fed will raise rates again injuly. pauses not at an end. we have seen pauses not at an end. we have seen the pauses not at an end. we have seen the fed play overgrown with seen the fed play overgrown with words like skip they don t want with words like skip they don t want to
correspondence sent this report. the december note on the us central banks asked meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak of the cycle. they also agree it will come down this year. they offered no clues as to how or when that will happen. to remind viewers come at the federal reserve started raising rates in march 2022 to tame inflation. it is so 11 times, taking the benchmark rate to 5.5%. inflation by the time of the last meeting had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number of job openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first ratesetting meeting this year starting january 30. that disappointment is reflected in how us stoc