The Bank Ofjapan hiked rates for the second time in 17 years due to Consumer Prices edging up. In the us the Federal Reserve held steady but fed Chairjerome Powell hinted at a potential Rate Cut in september. Peter mcguire is a financial analyst and told me what policymakers across the region are looking out for. Mac many different facets they are going to look at. Take on Board Job numbers, inflation numbers, what is happening wIth housing and the view at the moment is to sIt back. We understand what happened last week and probably 25 Basis Point Cut is pretty much baked in by sometime by december so that seems to be the mood across i think the rba, the fabric of It. Across i think the rba, the fabric of It. . , fabric of It. And we have heard a lot about fabric of It. And we have heard a lot about Prices Fabric of It. And we have heard a lot about prices of fabric of It. And we have heard a lot about prices of groceries | a lot about prices of groceries and supermarkets in australia.
Due to Consumer Prices edging up. In the us the Federal Reserve held steady but fed Chairjerome Powell hinted at a potential Rate Cut in september. Lets turn to financial analyst peter mcguire. Hes been speaking to me about what Policy Makers in the region are looking out for her. Many different facets they need to look at. The inflation numbers, job numbers, to look at. The inflation numbers, ob numbers, whats numbers, job numbers, whats happening with housing. I think the deal at the moment is the same pat. Probably a 25 Basis Point Cut is pretty much patent by sometime in december. That seems to be the mood across the fabric of it. Seems to be the mood across the fabric of It Fabric of it. Weve heard a lot about the fabric of it. Weve heard a lot about the Prices Fabric of it. Weve heard a lot about the prices of about the prices of supermarkets in australia, it seems wages are not keeping up with rising prices. What has it been like theyre on the ground . Been like theyre on the ro
More than 30 billion. We start in the us, where the Central Bank says the economy is Making Progress towards recovery, thanks to widespread vaccinations. As expected, the Federal Reserve has kept Interest Rates on hold near zero after its two day meeting. Fed Chairjerome Powell says now s not the time to start thinking about raising borrowing costs, despite rising inflation. On thursday, the first official figures could show the worlds biggest economy grew more than 8 in the three months to june. From New York heres michelle fleury. From heres michelle fleury. This to theirs. New york is from this to theirs. New york is back. Sales are up. The reopening of offices has the city sizzling again and americans feeling flattering to be here. The vaccine out, it makes me more inclined to be outside. Having some freedom back clearly having some freedom back clearly helps, we stretch our legs, clearly helps, we stretch our legs, get clearly helps, we stretch our legs, get things to see things w
Hello, and welcome. The violence we have witnessed in South Africa these past two days is worse than anything the country has suffered since apartheid. Protests that began last week over the imprisOnment Ofjacob Zuma, the former South African president , have now devolved into widespread looting and arsOn. The chaos has spread tojohannesburg. Over 70 people have died, hundreds have been arrested. Today, the king of the zulu natiOn, the largest ethnic group, said the chaos was destroying South Africas ecOnomy. One of the worst hit cities is durban, from where our south Africa CorrespOndent Nomsa Maseko reports. Dramatic scenes in durban show the extremity of desperatiOn of those people caught in the middle of this mayhem. People were screaming, throw her, throw her she threw her child to safety after her home was allegedly set On Fire by looters. I was scared, i was really scared, but there were people down in the street. I wasnt. Like, the way i was panicking, i was trusting anyOne to