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BBCNEWS World Business Report July 7, 2024

let s get down to business now. in just a few hours, the federal reserve america s central bank will make a decision on interest rates. it s pretty clear the cost of borrowing will go up but the question is, byjust how much. our north america business correspondent samira hussain reports from new york in the united states the cost of living has hit the highest level in more than a0 years. everything is more expensive. in the last year, the cost of food and vegetables is of more than 8%. today, £1 of beef is $5. last year it was $a.a0. the price of petrol has skyrocketed by 60%. and this is not a uniquely american problem. great prices are soaring around the world. the federal reserve, like other central banks is raising rates to curb inflation. here on wall street most people believe the policymakers will raise by .75%. but there are those believe the fed may adopt a more aggressive policy and raise the rates by a full percentage point. such is the urgency of combating r ....

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

Its action from the fed they will also release an update on their economic growth inflation forecast and we expect a big downgrade on the gdp forecast for this year and next. probably a coincident increase in the unemployment rate forecast. a state inflationary outlook but that will not deter them from trying to bring inflation down. 50 them from trying to bring inflation down. them from trying to bring inflation down. so what is the riaht inflation down. so what is the right thing inflation down. so what is the right thing to inflation down. so what is the right thing to do? inflation down. so what is the right thing to do? obviously l right thing to do? obviously the fed is raising rates but there is a big debate about how effective that will be, given what is driving inflation currently which is out of our control to a great degree i.e. the war in ukraine. absolutely. the war in ukraine. absolutely. the fed can the war in ukraine. absolutely. the fed can only the war in u ....

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