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BBCNEWS Asia July 5, 2024



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 ....

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BBCNEWS Asia Business Report June 4, 2024 02:34:00

Like that, that is definitely going to have inflation pressure. it has been 45 years since china and the us business manufacturer in india fell last month, what has led to the softening? a couple of factors including lower new orders and the fact that factory output was down and out dragged the index down to 54.6 levels versus 53.6 in november. it signals an expansion so it is at a lower place. manufactures are also suffering because of the fact that exports are going down due to overall we demand internationally, hiring has been growing at the slowest ....

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