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BBCNEWS Asia July 5, 2024

as inflation cools. from new york, our north america business correspondent michelle fleury sent this report. the december notes from the us central banks last meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak for this cycle. they also agree it will come down this year. but they offered no clues as to how or when that will happen. to remind viewers, the federal reserve started raising rates in march 2022 to tame inflation. it did so 11 times, taking the benchmark rate to 5.5%. inflation, by the time of the last meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first rate setting ....

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BBCNEWS BBC July 3, 2024

Targets overnight and killed a senior commander. Militants have continued to fire rockets into israel, towards tel aviv and other areas in the south. The World Health Organization has condemned israels Evacuation Order. It says forcing Hospital Patients to relocate would be a death sentence. President biden has spoken with the israeli Prime Minister, benjamin netanyahu, and urged him to provide safety for civilians amid the bombardment. Diplomatic efforts to prevent the violence from spreading have been stepped up, with mr biden s secretary of state, Antony Blinken, visiting cairo. Hes expected to press egyptian officials to restart talks on getting aid into gaza through the
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BBCNEWS Asia Business Report June 4, 2024 02:41:00

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