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BBCNEWS Asia July 5, 2024 - Vimarsana News

BBCNEWS Asia July 5, 2024

during his press conference. with us inflation running still well above the bank's 2% target, it'sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we're going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday's decision ushers in a new phase in the fed's...

BBCNEWS Asia July 5, 2024 - Vimarsana News

BBCNEWS Asia July 5, 2024

chair to powell made clear during his press conference with us inflation running still well above the bank? 2% target, and itsjob is not yet done. figs and its job is not yet done. as an one and itsjob is not yet done. sis anyone can and itsjob is not yet done. is anyone can see, not a single person wrote down a rate cut this year, not i think it is at all likely to be appropriate if you think about it. inflation has not really down, it has not so far reacted much to our existing rate hikes, and so we're going to have to keep at it. ~ .,, we're going to have to keep at it. most offi...

BBCNEWS Asia Business Report June 4, 2024 00:35:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 00:35:00

-3 1/2% quantum of the easing bill, the —3 1/2% was quantum of the easing bill, the —31/2% was more than what both analysts were expecting, but wholesale inflation will continue to fall further and remain in doubt for at least a few more months, and they will be watching up any upward movement in crude oil prices with el nino —like conditions that could impact agriculture because that poses an outside risk to inflation and these numbers will get some relief to the indian central bank which kept its key lending rates steady recently but signalled that rates will not come down for some tim...

BBCNEWS Asia Business Report June 4, 2024 00:34:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 00:34:00

Cycle because of the pace in which financial conditions have tightened, and how high inflation is, there is a real chance that the fed may need to create much more slack in the labour market in order to bring inflation down, and is typically when you create this much slack recessions start to follow, so that remains a real possibility, it's hard right now to have conviction with regards to the exact when the economy may really feel the pain from the tightening monetary policy. staying with the cost of — monetary policy. staying with the cost of living, _ monetary policy. staying with the cos...

BBCNEWS Asia Business Report June 4, 2024 01:35:00 - Vimarsana News

BBCNEWS Asia Business Report June 4, 2024 01:35:00

So things such mineral oils, crude petroleum and natural gas as well as food, they've all gotten cheaper. the quantum of the easing bill, a —3.5%, was more than what both analysts were expecting, but wholesale inflation will continue to fall further and remain in the negative territory for at least a few more months, but they will be watching out for is any upward movement in crude oil prices or severe el nino—like conditions that could impact agriculture because that poses an outside risk to inflation. these numbers will get some relief to the indian central bank which kept its key lendin...