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BBCNEWS World July 3, 2024

From new york, heres the bbc s north America Business correspondent, michelle fleury. Stubborn inflation pushes back the timing of the first rate cut. The Us Federal Reserve voted to keep its Benchmark Lending Rate at a 23 year high on wednesday. Officials have said they want more certainty that inflation is under control before they Lower Borrowing costs. They do not have that yet. Here is chair, jerome powell, during his press conference. The economy has made considerable progress towards our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in b ....

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BBCNEWS Asia July 3, 2024

Here is chair, jerome powell, during his press conference. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate ....

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BBCNEWS Asia July 3, 2024

Mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Do ....

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BBCNEWS Asia July 3, 2024

During his press conference stop build be made considerable progress towards our objectives. Progress towards our objectives. Progress towards our obectives. ,. , ~ objectives. The Labour Market has remained objectives. The Labour Market has remained strong. Objectives. The Labour Market has remained strong. And objectives. The Labour Market| has remained strong. And that is very good news. But inflation is still too high and further progress in bringing it down is not assured and the path is uncertain. We are fully committed to returning inflation toward 2 goal. In committed to returning inflation toward 2 goal. In an Increase Inflation toward 296 goal. In an increase in inflation toward 296 goal. In an increa ....

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BBCNEWS Breakfast July 3, 2024

A massive blow to Liverpools Premier League title hopes is inflicted by neighbours everton, who pull off a shock win in the Merseyside Derby, and it pretty much ensures theyre staying up. Good morning. After a chilly start to the good morning. After a chilly start to the day, good morning. After a chilly start to the day, for most of us it will be a to the day, for most of us it will be a day to the day, for most of us it will be a day of to the day, for most of us it will be a day of bright spells Sunny Intervals be a day of bright spells Sunny Intervals and some showers. Not as windy intervals and some showers. Not as windy as intervals and some showers. Not as windy as yesterday but it does remain windy as yesterday but it does remain unsettled and ....

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