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BBCNEWS World Business Report June 4, 2024 04:32:00

To signal that they don t want to signal that they don t want to let their guard is down yet with regard to inflation. and i think that has really been the thing we have seen emerged across central banks in recent weeks around the world. ﬁx, weeks around the world. a reminder that stubborn inflation isn t just reminder that stubborn inflation isn tjust an inflation isn t just an american inflation isn tjust an american problem. while all eyes will be on the federal reserve this wednesday, the focus will shift to the european central bank and the bank ofjapan as they make their rated decisions later this week. that was michelle fleury. joining me now is pete earle, economist and research fellow at the american institute for economic research. markets are pricing in a 93% probability that the fed will hold interest rates steady today. if we just take it, which if wejust take it, which is always slightly concerning, if we take it is a given that this was going to happen, what next? what ....

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BBCNEWS World Business Report June 4, 2024 04:35:00

Across the world more generally? across the world more aenerall ? , ~ generally? i definitely think that we are generally? i definitely think that we are seeing - generally? i definitely think that we are seeing this - that we are seeing this inflation right now. some of the other things we had to work through like shortages and ship ridges and supply chain problems, those are gone now. mostly what we are seeing are the effects of the federal reserve rate hikes, we are seeing a little credit contractor because of the collapses of banks a few months ago, that is another factor thatis ago, that is another factor that is bringing prices down a bit. ., ., ~ , ., , bit. pete earle, thank you very much. later today, the european parliament will vote on proposed rules to regulate artificial intelligence. and they could provide the first global legislation on the technology. our technology editor zoe kleinman sat down with the eu commission vice president margrethe vestager ahead of the dis ....

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Fed Holds Interest Rates Steady For The First Time Since March 2022

The Federal Reserve paused rate hikes to its benchmark federal funds rate on Wednesday, ending the streak that saw ten rate hikes in a row. ....

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Is a Digital Dollar Coming Soon? Some Financial Experts Warn It Could be Instrument of Government Control

More and more central banks around the world are in the early stages of creating digital currencies. ....

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'King Dollar' Battered as Nations Seek to Dethrone it as World's Reserve Currency

The U.S. ....

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