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Transcripts For BBCNEWS Asia 20240703

To dry up. The impasse comes as a group of republicans in the House Of Representatives are using the issue as leverage to extract additional spending cuts in the order of 120 billion in the new fiscal year. Speaking at a Congressional Black Caucus awards Dinnerjoe Biden award them against the consequences of triggering a shutdown. Consequences of triggering a shutdown consequences of triggering a shutdown. Lets be clears, if the Government Shutdown. Lets be clears, if the government shuts shutdown. Lets be clears, if the government shuts down | shutdown. Lets be clears, if. The government shuts down that means members of the us military, members of congress, will need to continue to work but not get paid. The shutdown can impact anything ....

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Transcripts For BBCNEWS Asia 20240703

Stronger than i think everyone expected. And so what youre seeing is this is what people believe, as of now, will be appropriate to achieve what were looking to achieve, which is progress toward our inflation goal. Central bankers now project higher growth and lower unemployment for next year. Central bankers now project higher growth and lower unemployment for next year. If theyre right, the us will have avoided a long feared recession. The decision gives policy makers more time to assess whether theyve done enough over the last 18 months to tame inflation. Remember, the fed began lifting Interest Rates from near zero back in march 2022. Central banks here in asia keep a close tab on the fed because us Interest Rates strongly influence Exchange Rates against the dollar. Fred newman covers economies in asia extensively f ....

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Transcripts For BBCNEWS Asia 20240703

Fed Chairjerome Powell explained why central bankers were moving towards Holding Rates Higherfor longer. Economic rates higher for longer. Economic Activity Rates higherfor longer. Economic activity has been stronger than we expected, stronger than we expected, stronger than we expected, stronger than i think everyone expected. And so what youre seeing is this is what people believe, as of now, will be appropriate to achieve what were looking to achieve, which is progress toward our inflation goal. Central bankers now project higher growth and lower unemployment for next year. If theyre right, the us will have avoided a long feared avoided a long fea red recession. Avoided a long feared recession. The decision gives policy makers more time to assess whether theyve done enough over the last 18 months to tame ....

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