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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 for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week or at their last meeting in december, or they could not do it at all. investors and economists are p ....

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BBCNEWS Asia July 2, 2024

see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week, or at their last meeting in december, or they could not do it at all. investors and economists are predicting that policymakers will skip a rate hike this week and, instead, hold rates steady, giving everything more time to work its way through the economy. we ll know the fed s next step on wednesday. one of the many things that have become more expensive for consumers is energy. oil prices have swung wildly over the last few years, due to the pandemic and the war in eastern europe. at one point, after russia invaded ukraine, prices rose to ....

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US imposes sanctions on Myanmar's state-owned oil and gas enterprise, ET EnergyWorld

The US State Department issued a statement on Tuesday, stating the US s decision to impose these sanctions on the national oil and gas company of Myanmar. ....

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Canadian-owned firm accused of bankrolling Myanmar war crimes

The purchase by an MTI Energy subsidiary raises questions about the effectiveness of Canada’s sanctions against violent regime, observers say. ....

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U.S. and allies mark anniversary of Myanmar coup with more sanctions

Myanmar has been in chaos since the coup, with a resistance movement fighting the military on multiple fronts after a bloody crackdown on opponents that saw Western sanctions re-imposed. Tuesday's U.S. sanctions target the managing director and deputy managing director of MOGE, which is the junta's single largest revenue generating state-owned enterprise, according to Treasury. ....

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