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BBCNEWS World Business Report July 6, 2024

jerome powell is due for a second day of testimony in front of lawmakers and his words literally move markets. on tuesday, he warned that the price of borrowing that s the base us interest rate may have to be raised more than many hoped and markets quickly took a dive. with a sell off in the us and asia. here s how it s being picked up in europe today. this is the state of play, inheriting some of that uncertainty that started in the us and translated through to asia. there is cam coming back to those numbers but markets are still trying to work out what all of this could mean for them. samra hussain is in new york for us. talk to me about what we heard yesterday and why markets are nervous about what could be coming down the line. nervous about what could be coming down the line- down the line. when we spoke on monday we down the line. when we spoke on monday we talked down the line. when we spoke on monday we talked about - down the line. when we spoke on mon ....

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BBCNEWS World Business Report June 4, 2024 14:33:00

Them and we are going to be more aggressive for longer. yes. them and we are going to be more aggressive for longer. aggressive for longer. yes, and i su - ose aggressive for longer. yes, and i sunpose it aggressive for longer. yes, and i sunpose it is aggressive for longer. yes, and i suppose it is that aggressive for longer. yes, and i suppose it is that idea aggressive for longer. yes, and i suppose it is that idea of - aggressive for longer. yes, and i suppose it is that idea of this - suppose it is that idea of this higher interest rate environment being around for a lot longer than many thought. given the strength of the data, with will stay the course until the job the data, with will stay the course until thejob is the data, with will stay the course until the job is gone. the data, with will stay the course until thejob is gone. i suppose the big question is, when is thatjob done? mil big question is, when is that ob done? ., ., , big question is, when is that ob ....

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