Good morning, this-is the 9 o’clock business news! The dollar has-edged towards seven-week lows against both the yen and the Euro because-of fears about poor US retail sales… and banking results. Investment banks-have already predicted that the US economy will fall into recession in 2008, and analysts are also nervously awaiting the release-of retail sales data for December. As consumer spending accounts for two-thirds-of the US economy, the figure may indicate whether the fears-are correct. In December, the US Federal Reserve cut the interest rates for the third time as-it tried to help steer the world’s largest economy through the continuing housing slump.
Business | /ˈbɪz.nɪs/ | Release | /rɪˈliːs/ |
Dollar | /ˈdɑː.lɚ/ | Data | /ˈdeɪ.t̬ə/ |
Edged | /edʒd/ | Accounts | /əˈkaʊnts/ |
Towards | /tɔːrdz/ | Figure | /ˈfɪɡ.jɚ/ |
Lows | /loʊz/ | Indicate | /ˈɪn.də.keɪt/ |
Euro | /ˈjʊr.oʊ/ | Whether | /ˈweð.ɚ/ |
Fears | /fɪrz/ | Correct | /kəˈrekt/ |
Retail sales | /ˈriː.teɪl seɪlz/ | Federal | /ˈfed.ɚ.əl/ |
Banking results | /ˈbæŋ.kɪŋ rɪˈzʌlt/ | Reserve | /rɪˈzɝːv/ |
Already | /ɑːlˈred.i/ | Interest | /ˈɪn.trɪst/ |
Predicted | /prɪˈdɪktɪd/ | Steer | /stɪr/ |
Economy | /iˈkɑː.nə.mi/ | Through | /θruː/ |
Recession | /rɪˈseʃ.ən/ | Largest | /’lɑːrdʒ ɪst// |
Analysts | /ˈæn.ə.lɪsts/ | Continuing | /kənˈtɪnjuːɪŋ/ |
Nervously | /ˈnɝː.vəs.li/ | Slump | /slʌmp/ |