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World Business Report: First broadcast 13/06/2023 21:32 GMT : U.S inflation falls – but enough to prevent an interest rate rise?

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U.S inflation falls – but enough to prevent an interest rate rise?

First broadcast 13/06/2023 21:32 GMT 

First broadcast 13/06/2023 21:32 GMT : U.S inflation falls – but enough to prevent an interest rate rise?

BBC World Service - World Business Report, U.S inflation falls – but enough to prevent an interest rate rise?

Inflation was down to 4% in the US at the end of May – its lowest since 2021.

Inflation was down to 4% in the US at the end of May – its lowest since 2021.But will it be enough to prevent a further rise in interest rates later this week?

Inflation was down to 4% in the U.S at the end of May – its lowest since 2021. Prices for eggs, petrol and furniture were down, helping to cut inflation to less than half of its peak a year ago. But as the U.S central bank prepares to meet later this week, will the continued downward trend be enough to persuade them to hold back on further rises to interest rates?

In Mexico the race to elect the next President has begun, and the economy is expected to be a key feature of the campaign. Mexico is the second largest economy in Latin America and things are looking up post-Covid. The economy is expected to grow 1.7% this year, the job market is improving and the peso is strengthening against the dollar. But some economists fear the growth may be weak going into next year – just around the time the election is taking place. 

And - how much money do you need to be wealthy in America? You might be surprised - Americans suggest it's around $2.2 million. The evidence comes in the annual Modern Wealth Survey carried out by the financial services company Charles Schwab.

(Picture courtesy BBC Images)

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First broadcast 13/06/2023 21:32 GMT : U.S inflation falls – but enough to prevent an interest rate rise?

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