BBCNEWS World Business Report July 6, 2024
jerome powell is due for a second day of testimony in front of lawmakers and his words literally move markets. on tuesday, he warned that the price of borrowing — that's the base us interest rate — may have to be raised more than many hoped and markets quickly took a dive. with a sell off in the us and asia. here's how it's being picked up in europe today. this is the state of play, inheriting some of that uncertainty that started in the us and translated through to asia. there is cam coming back to those numbers but markets are still trying to work out what all of this could mea...