BBCNEWS Business June 13, 2024
shareholders are in favour. welcome to business today. i'm sally bundock. we start in the us where the cost of borrowing will be staying higher for a while longer. the us federal reserve left its key interest rate unchanged on wednesday at its highest in more than two—decades and signalled it only expects to make one cut this year. the fed though is predicting four more cuts in 2025. the decision came just hours after some encouraging news on its battle to control inflation. america's official consumer price index showed prices rising at an annual rate of 3.3% in may. that was down...
Source: archive.org
