BBCNEWS Asia July 2, 2024
is under way. it sets the stage for a wednesday decision on whether they'll hike interest rates, or leave them unchanged. our business correspondent erin delmore reports from new york. what do you get when you add strong consumer spending? a tightjob market and remarkable growth. you get a resilient economy, an economy that defied earlier predictions of a recession and one that's not buckling under the weight of the fed's interest rate hikes. see, raising interest rates is the fed's best tool to combat persistently high inflation, which consumers have seen reflected in higher prices ...
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