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BBCNEWS World Business Report July 6, 2024

that s the warning vfrom the head of america s central bank, the federal reserve. jerome powell warned more action might be needed to stabilise prices and keep inflation in check. many had been expecting another quarter percent rise in interst rates when the fed meets later this month, but after those comments, there are predictions that the rise could be even bigger. that s been enough to spook investors. it sent us financial markets tumbling. the dow, nasdaq and s&p 500 all saw a sell off after powell s comments. similar story in asia with hong kong s hang seng. and here s our north america business correspondent samira hussain to explain what it all means. last year, the federal reserve raised interest rates at the fastest rate since the 1980s, and it seemed to have helped inflation a little. but that labour market, it remains resilient. the lastjobs report showed a blockbuster increase of more than 500,000 jobs added injanuary. that s why the fed chair, jerome powel ....

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BBCNEWS World Business Report June 4, 2024 11:40:00

According to the financial times you re watching bbc news. let s go back to our top story reports that a pro ukrainian group was behind september s attack on the nord stream pipeline, which kyiv government denies. and let s just bring you a little more information on the nord stream project first. the pipelines stretch 1,200km (7115 miles) under the baltic sea from the russian coast near st petersburg to north eastern germany. they were capable of supplying 170 million cubic metres of gas annualy, helping to satisfy german gas needs. this was seen as an important foreign policy objective for germany, but proved controversial with its allies the baltic states, ukraine ....

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