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as inflation cools. from new york, our north america business correspondent michelle fleury sent this report. the december notes from the us central banks last meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak for this cycle. they also agree it will come down this year. but they offered no clues as to how or when that will happen. to remind viewers, the federal reserve started raising rates in march 2022 to tame inflation. it did 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 ofjob 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 rate setting ....
Triggering a nasty recession. the feds first rate setting meeting this year starting january 30. investors are holding their breath but already there are worries about inflation running higher again because developments in the red sea may add pressure to inflation. attacks on ships by iran backed hootie rebels have forced a growing list of companies to temporarily redraw their shipping routes including ikea. the much longer route is also delaying goods and pushing up freight rates and adding to the costis freight rates and adding to the cost is high prices that shipping companies are paying for insurance because of the increased danger according to blake evans pritchard from an insurance insight platform who i spoke to earlier. i’zfe insurance insight platform who i spoke to earlier. i spoke to earlier. i ve been speaking i spoke to earlier. i ve been speaking to i spoke to earlier. i ve been speaking to a i spoke to earlier. i ve been speaking to a number- i spoke to earlier. ....
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Blake Evans-Pritchard is bureau chief, Asia, for Risk.net, based in Hong Kong.
Before taking on his current role, he spent five years covering regulatory issues across Asia for Risk.net, including implementation of Basel III and other international standards in regional jurisdictions.
Previously, Blake spent five years in Brussels writing about the European Union’s financial services sector and competition policy, and a number of years as Africa editor for a news service covering post-conflict restitution around the world.
During his 16-year journalistic career, he has also reported from Sudan, Italy, the Netherlands, Ghana and Portugal.
Blake holds a bachelor’s degree in computer science from the University of Aston in Birmingham. ....
AWARD ANNOUNCEMENT: LexisNexis Risk Solutions wins the Cyber Risk Solution of the Year category at the Asia Risk Technology Awards 2021 program. The L. ....