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BBCNEWS Asia July 2, 2024

is under way. it sets the stage for a wednesday decision on whether theyll hike interest rates, or leave them unchanged. our business correspondent erin delmore reports from new york. what do you get when you add strong consumer spending? a tightjob market and remarkable growth. you get a resilient economy, an economy that defied earlier predictions of a recession and one thats not buckling under the weight of the feds interest rate hikes. see, raising interest rates is the feds best t...
Federal Reserve Interest Rates World Bank Oil Prices Middle East Federal Reserve Policemakers

BBCNEWS Asia July 2, 2024

see, raising interest rates is the feds best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, its still higher than the feds target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. theyll have a chance this week, or at their last meeting in december, or they could not ...
Interest Rates World Bank Oil Prices Middle East Uncharted Territory Asia Business Report

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