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CNN CNN This Morning June 4, 2024 13:55:00

Months in a row of that getting a little bit smaller every month, but still 6.4% doesnt feel great when you go to the grocery store or fill up -- you know, buy anything really. >> and those are things people are buying every time they go to the grocery store its not like something theyre buying once a month. the message seems to be long road to recovery, right? >> i think the fed chief had told us this last week, its going to be a bumpy road and inflation is starting to come down, but we have mo...
There Doesn T Grocery Store 6 4 Fed Chief Interest Rates Haven T

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Hong Kong, GCC pegs, Vietnam hike rates after Fed as Sri Lanka eyes flexible policy

The Monetary Authority of Hong Kong and orthodox currency board and currency- board-like UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman as well as Vietnam raised rates in tandem as the US Federal Reserve hiked rates as Sri Lanka eyes a new law with more flexible policy.
Hong Kong Sri Lanka Republic Of Saudi Arabia Janet Yellen International Monetary Fund

Ground News - Atlanta Fed president: Soft landing from high inflation is not going to be easy

Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, said on Sunday it;s not going to be easy to achieve a slowdown in demand without causing a recession. The Federal Reserve last week announced it would increase its baseline interest rate by 0.75 percentage points, the fifth rate hike this year and third consecutive 75-basis-point hike. The hikes are aimed at slowing the economy to reduce inflation, which recently hit 40-year highs.
United States New York San Diego Raphael Bostic Los Angeles Margaret Brennan

CNN New Day Weekend June 4, 2024 10:34:00

Substantially exceeding the sploi of available workers. key speeches from the fed chief next week could provide yet another snapshot into how aggressive the fed will act when it meets in september. boris, amara? >> christine romans, thank you. now president biden touted those job numbers this week saying its a good sign for americas economic recovery. >> the white house said they had been hoping for a jobs report like this one, aiming to avoid another major rate increase from the federal reser...
Boris Sanchez Amara Walker Fed Will Act Christine Romans Fed Chief Joe Biden

CNN Early Start With Christine Romans and Laura Jarrett June 4, 2024 09:38:00

Washington, but wyoming is the power center in the global economy. jerome powell will give his annual speech in jackson hole. afte and it was a year ago natthat t fed chief said this. >> it is largely the product of a narrow group of goods and services direct lie detector aff afly affected by the pandemic. and we expect them to be transitory. >> remember transitory? turns out that was wrong. so how will the fed be? lets bring in john lear. it was a year ago that we had -- convention alleal wisdo...
Jerome Powell S Jackson Hole Power Center Aff Afly Fed Chief Th Inflation Wouldn T

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