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meaningful, i think then certainly we will have a huge reaction in the market. but for now, i don t really see anything more meaningful coming into the market. so anything more meaningful coming into the market. into the market. so we have reached the into the market. so we have reached the halfway - into the market. so we have reached the halfway point i into the market. so we have reached the halfway point of 2023. how would you describe the health of the global economy? the health of the global econom ? . v . economy? that s an intriguing question- economy? that s an intriguing question- i economy? that s an intriguing question. ithink economy? that s an intriguing question. i think throughout l question. i think throughout this year, central banks and lawmakers and policymakers have been very much focused on taming inflation, bringing inflation under control. and a lot of these banks have failed to bring inflation to the target level, which is still running ....
coastguard. it is only one line but it is sufficient for them to put it out and they have not been doing that to the course of the last few days so i suspect that is significant, but the detail also is very significant and certainly it is pushing back, normally when they talk to us and update us they give themselves more time to actually analyse what they have actually found. absolutely right and we have been waiting for this information all morning essentially. this urgent search has been going on for a few days now. every day the coastguard has been updating reporters and the press in the afternoon, but this particular press conference is going to be crucial because they will hopefully release more details on what those rovs remote operated vehicles have indeed discovered near the site of the titanic. i want to bring it our reporter carl because he has been here for a few days following all of this. you are at the press conference yesterday as well. they were really l ....
is these tensions, if they escalate and change into something more meaningful, i think that certainly we will have a huge reaction in the market, but for now i don t really see anything more meaningful coming into the market. ~ . market. we have reached the halfway point market. we have reached the halfway point of market. we have reached the halfway point of 2023. - market. we have reached the halfway point of 2023. how. halfway point of 2023. how would you describe the health of the global economy? that was a really intriguing of the global economy? that was a really intriguing question. - a really intriguing question. throughout this year, central banks and lawmakers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk the cost of living crisis is a huge issue, and inflation data last week has alread ....
initiative to start building semiconductors in india, which is also something to keep an eye on. i think more anything else, the headline is that the fact that modi has been given this very glittering high profile state visit, underlines how important the india relationship is for the biden administration. india is proving to be a viable option in terms of of supply chains for american companies, should beijing be afraid? i think beijing has a large lead when it comes to supply chains and i think india is still working through some of its problems. it has had a few high profile successes most importantly apple, but i think in terms of catching up with beijing this is still frankly very early days for india. human rights has become an issue in the recent protests by members of congress but will the business community turn a blind eye to those? it s clear that both the business community and us is looking in terms of business in terms of market opportunity and the skilled ....
hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straig ....