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Transcripts For BBCNEWS Asia 20240705



the notes from the us central bank s last meetings show policy makers are feeling better about inflation. they a . ree better about inflation. they agree with better about inflation. they agree with investors - better about inflation. they agree with investors that i better about inflation. tie: agree with investors that rates are at or near the peak for this cycle. they also agree that that will come down this year. but they offer no clues as to how or when that will happen. just to remind viewers it started raising rates in march 2022. it did so 11 times, taking the benchmark weight to a range of five and a quarter to five and a half percent. inflation had dropped to 3.2% from a peak of 9.1%. new data out on wednesday showed the number of job out on wednesday showed the number ofjob openings in the united states fell to a .70 9 million in november. this points to weaker demand for labour, but it is still way above pre labels. that is consistent with the goal to slo ....

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Transcripts For BBCNEWS Asia 20240705



correspondence sent this report. the december note on the us central banks asked meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak of the cycle. they also agree it will come down this year. they offered no clues as to how or when that will happen. to remind viewers come at the federal reserve started raising rates in march 2022 to tame inflation. it is so 11 times, taking the benchmark rate to 5.5%. inflation by the time of the last meeting had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number of job openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first ratesetting meeting this year starting january 30. that disappointment is reflected in how u ....

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Transcripts for BBCNEWS Asia Business Report 20240604 00:34:00

And adding to that cost is the higher prices shipping companies are paying for insurance because of the increased danger, according to blake evans pritchard from re in asia, an insurance insights platform. i spoke to him a little earlier and asked him how likely this will drive up inflationary will drive up inflationary pressure. i ve spoken to a number of brokers i ve spoken to a number of brokers about i ve spoken to a number of brokers about the - i ve spoken to a number of| brokers about the situation there. brokers about the situation there. the brokers about the situation there, the people - brokers about the situation there, the people that- brokers about the situation there, the people that sorti brokers about the situation i there, the people that sort of quote there, the people that sort of quote the there, the people that sort of quote the prices. there, the people that sort of quote the prices. they- there, the people that sort of quote the prices. they are . q ....

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Transcripts for BBCNEWS Asia Business Report 20240604 01:34:00

Shipping companies are paying for insurance because of the increased danger. according to blake evans prichard from re in asia, an insurance insights platform. i spoke to him a little earlier. i have been speaking to a number of insurance brokers about the situation thre for people that sort of quote the insurance prices. and the prices are rising quite significantly. but there was a big variety of how much people can expect to put their ships through the red sea. it used to be sort of 0.1% or 0.2% of premium charged on the value of the ship. it now has gone up to 0.5% or 0.7% which could be significantly higher. that can add hundreds of thousands of us dollars to what people have to pay to sort of ship the goods through that channel. do you think this could have the ....

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