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BBCNEWS BBC News July 7, 2024

the commonwealth games open in birmingham. more than 5,000 athletes from 72 nations and territories will compete over the next 11 days. welcome to world news america on pbs, in the uk and around the globe. we begin tonight with fears of a recession here in the united states figures out today showed the economy shrank for the second quarter in a row. prices for groceries and petrol are rising at the fastest pace in forty years. this comes after the us central bank on wednesday raised interest rates for the fourth time this year. but president biden says the underlying economy is still strong. let me just give you what the facts are in terms of the state of the economy. number one, we have a record job markets of record unemployment at 3.6% today. we created 9 million newjobs so far just as i ve become president. businesses are investing in america at record rates, that doesn t sound like a recession to me. joining us now is former economic adviser to barack 0bama and profess ....

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BBCNEWS BBC News June 4, 2024 21:04:00

Problem up front, because the longer you wait, the harder it becomes. {3.35 you wait, the harder it becomes. gas rices are you wait, the harder it becomes. gas prices are going down, and have been for the last month. do you see any other signs that inflation might be peaking? gas other signs that inflation might be heakin? , , . , other signs that inflation might be neakinu? , , . ,., other signs that inflation might be neakinu? , . . . , peaking? gas prices are the clearest one, but peaking? gas prices are the clearest one. but there peaking? gas prices are the clearest one, but there is peaking? gas prices are the clearest one, but there is a peaking? gas prices are the clearest one, but there is a lot peaking? gas prices are the clearest one, but there is a lot of one, but there is a lot of commodities, used car is also where you are seeing in wholesale markets the prices come down in a way we expect to translate into consumers. the problem is, even if inflation has peaked ....

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