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BBCNEWS Nicky Campbell June 4, 2024 08:10:00

That is the warning from the tuc. absolutely. a lot of those businesses are still in recovery mode from the pandemic and they are paying off loans from the pandemic as well and interest rates could impact them there. i spoke to someone in peterborough yesterday, she said that she gets the economics of theirs, you did to stop people spending, my business relies on people spending. if they stop spending, i have to close the door and let staff go, i have to essentially, you know, consider the future of my business. those decisions are being made up and down the country. this is the point at which the economic theory hits the business reality for people. unfortunately, sometimes it s not set enough, higher interest rates are designed to cause pain and at the moment, that is what we are living with. the moment, that is what we are living with- ....

Interest Rates , People Spending , Business Reality ,

MSNBC The 11th Hour With Stephanie Ruhle June 4, 2024 03:52:00

Remember it s causing prices to go up around the world. we also still have supply chain issues, because china has been shut down. that impact the supply chain. and this inflation we re dealing with, other countries are dealing with it as well. canada, mexico, europe, around the world. but for the american consumer out there, they don t necessarily care that prices are high around the world. they care that it matters here. but there are right spots in the economy. our jobs market is still very strong. our wages are up. and despite prices being higher, we are still seeing people spending. in fact, we re expecting going into the summer, very high demand for travel. people flying. people driving. we might not like spending these higher prices, but we are willing to do it. and right now, all the focus is on the federal reserve, because what we could say is the president doing, he s not doing much, because he can t. it s about the federal reserve. they re going to raise interest rates this w ....

Supply Chain , Supply Chain Issues , Around The World , Cure It , U S , Jobs Market , People Spending , People Flying , People Driving , Percentage Point , Interest Rates , Federal Reserve ,