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BBCNEWS World Business Report June 4, 2024 05:32:00

What the hammock in the us banking sector means for the broader economy is to be seen but it s taking calculations about how america s fight against inflation maeve plouffe. economists at goldman sachs no longer expect the us federal reserve chair to raise interest rates at its meeting next week, saying policymakers won t want to undermine the efforts to restore financial stability by hiking rates just a few days later. the wall street investment bank had forecast a quarter point interest before this week. the argument for pausing, it is twofold. it would allow more time for financial stability to be restored, plus the event could very well exert downward pressure on prices if banks pull back on landing. we will get a clearer picture of inflation later this tuesday with the latest consumer price index reading. the federal hope the data is muted, otherwise theirjob of tackling inflation and ensuring financial stability while avoiding a recession will get that bit ....

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CNN Early Start With Christine Romans June 4, 2024 10:53:00

Or they are using ours. and this helped fuel the rise of netflix. but now the company wants to crack down. it says about 100 million households are using netflix passwords that aren t there. and the subscriber growth has slowed down. so this is a way that it could add new revenue. it is still trying to figure out the way the crackdown would work, but if it happens, netflix is the industry leader, it would lead other streaming platforms and services to tighten their password policies. so this could be the end of using everybody else s netflix passwords. better news here, beef prices are falling. why? we re seeing deflation on beef. tyson foods, largest meat packer in the u.s., they said the average beef prices last quarter were down 8.5% from a year ago. and this is what we re seeing industry-wide. you look at the latest consumer price index reading, beef price ....

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MSNBC MSNBC Reports June 4, 2024 16:48:00

We have the dow currently up almost 257 255 points. but we have morgan brendan with a big welcome to you. let s talk about what analysts are expecting in this report and how it s going to affect the fed s two-day meeting the week. first of all, let me say, it s great to see you and to be joining you today. but that question is very much the one that is going to move markets this week. in terms of the consumer price index reading that we re going to get tomorrow, economists are expecting a 7.3% increase for november, the pace of the growth of inflation versus the same month a year ago. that is a very high number. the good news, it s actually a high number that is moderating and not as high as it was. so if we are to get that type of reading, that is going to be a little bit lower than what we saw in october, a little bit lower than what we saw in september, and a little bit lower than the high we saw in that pace of inflation back during the summer. it really gets to the crux of wha ....

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MSNBC Jose Diaz-Balart Reports June 4, 2024 14:04:00

The problem that you have most recently is that the inflation data here in america has been validated this idea that this inflation is no longer transitory. it s not transient. it s going to be here to stay for a while. unfortunately for markets, we got confirmation of that friday with the consumer price index reading. today, this morning, we got a reading on wholesale, business level prices. that is staying at some of the highest levels on record right now. so this is seen as a leading indicator for consumer prices because businesses, if their costs go higher, they tend to pass them on. you talked about a bear market. when you do see a pullback of this variety, of this kind of severity, what it does indicate is extreme uncertainty about the future. we have after all had a very nice run in the market over the last decade plus at this point with the benefit of ultra low interest rates. if the fed is in a position where they have to fight inflation, and the way they do ....

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Detailed text transcripts for TV channel - CNN - 20161214:18:54:00

Wolf, borrowing costs are about to rise for millions of americans and businesses. janet yellen and her federal reserve expected to nudge official interest rates higher t. a year ago, the fed did the same then stopped, worried about the strength of the u.s. economy. today, wolf, those fears are long gone. here s why the economy is now ready for higher interest rates. unemployment is down to 4.6%, a level economists say is approaching full employment. on average, 180,000 new jobs added each month this year. economic growth is the strong nest two and a half years and an economy humming is starting to push prices higher, though still below the fed s 2% target for inflation. we ll get a fresh consumer price index reading on thursday. what the fed does will affect millions and here s why, wolf, borrowing costs will rise for, say, a new mortgage or a home equity line of credit or your current adjustable rate mortgage. that will cost more. same with car loans and most credit card balances. it ....

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