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Powell Says Rate Path Is Hard to Predict; Bostic Doesn't See Need for Rate Raises; Economy Looks Strong; May Spending Figures Out Today By Michael Maloney Good day. Federal Reserve Chair Jerome...
Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single currency…
Founder of risk managment app risk—smith. welcome to the programme. your thoughts on what these minutes may reveal, there is always so much analysis and speculation and conversation between every fed meeting, isn't there?- fed meeting, isn't there? there is a tremendous _ fed meeting, isn't there? there is a tremendous amount. - fed meeting, isn't there? there is a tremendous amount. i - fed meeting, isn't there? therej is a tremendous amount. i think they will probably show that rates will flow a bit in there, in the rate raises, probably a half point instead of three quarters. we saw some ...
Let's go to eunice yung now. three rate raises since october now. several of other measures introduced by the central authorities to try to cool things down in china. is there any sign it's starting to work? >> reporter: well, you know, andrew, there's actually an argument here it could have minimal impact. part of that reasoning is interest rates here still well below pre-crisis levels. also, the chinese economy isn't as sensitive to interest rates as, say, the u.s. economy is. that said, the point of the interest rate hike according to many economists is to manage inflation expectations. the...