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BBCNEWS Verified Live June 4, 2024 14:24:00

Countries, and monetary policy takes a long time to be effective. so an interest rate increase today and the impact inflation 18 months to two years down the road. so the increased interest rate started later, so we are anticipating that you will see those effects bring down inflation later as well. the second thing is that in the autumn, analysts were forecasting that the economy would be in recession in 2023. and the economy has proved to be stronger than people were anticipating. labour markets are stronger than people were anticipating. so the pressure on prices is coming from the fact that workers are able to renegotiate their wages and wage growth is rising. that is a reflection of the strength of the uk economy. we have to leave it there, strength of the uk economy. we have to leave it there, but strength of the uk economy. we have to leave it there, but thanks - strength of the uk economy. we have to leave it there, but thanks for - to leave it there, but thanks for that an ....

Monetary Policy , Interest Rate Increase , Interest Rate , Labour Markets ,

BBCNEWS World Business Report June 4, 2024 04:34:00

Them, the fastest pace since them, the fastest pace since the 1980s. why is it that it is not working? why is it not restrict give? not working? why is it not restrict give? not working? why is it not restrict cive? ., ~ ., ., restrict give? you know the old sa inc, restrict give? you know the old saying. to restrict give? you know the old saying. to a restrict give? you know the old saying. to a man restrict give? you know the old saying, to a man with - restrict give? you know the old saying, to a man with a - restrict give? you know the old | saying, to a man with a hammer everything looks like a nail, and what policy have they got? they have got interest rates. we know the bank of england has admitted it has failed at his job at forecasting, is not good at it, now they re doing an external investigation into why they are not good at the job they are not good at the job they are not good at the job they are supposed to do, one job, they are not good at it. it s a tool which h ....

Interest Rates , Hammer Everything , Old Sa Inc , Hasn T , Bank Of England , Doesn T Work , It Hasn T , It I Inflation , Open Economy Don T , Lips Go , In London , Central Bank , Co Ordination ,

MSNBC Ana Cabrera Reports June 4, 2024 14:39:00

American consumer remains very resilient. that s one of the good things to come out of that number. the more than two-thirds of the u.s. economy that s based on consumer spending is still holding up well. now, this is big because an estimated one-third of that two-thirds in consumer spending and gdp is coming straight up from retail sales. that 3/10 of a percent gain in sales for the month came in much better than the 2/10 of a present decline that economists were forecasting for. consumers have become increasingly more discerning about their wallets. they re spending for sure on things like services like travel, like restaurants and going out. they re not as much spending on things like buying goods and stuff. as for now what s driving some of that spend, it is cars, car parts, bars and restaurants and travel as i point out. those are seeing some more spending. gasoline prices, though, notably lower. so what it does show, ana, is that the overall economy still remains in relatively go ....

U S , Consumer Spending , Retail Sales , 42 10 , 23 10 , Gasoline Prices , Car Parts ,