chairjerome powell suggested as much. as we approach the end of the year, it's natural to look back on the progress that has been made toward our dual mandate objectives. inflation has eased from its highs, and this has come without a significant increase in unemployment. these are things we want to see. why might the rate hiking cycle has included 11 increases. government data showed inflation dropped from 9.1% in mid-2022 to 3.1% in november. that is above the target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. for wall street the dowjones international average jumped to record close. this is the third time in a row of the central bank decided against another rate hike. for investors satisfied with what the fed has done is when it will start cutting rates? there is a lot to digests in america big questions about whether a cut is likely. we will talk about that than i want to come onto the uk and europe. what is your assessment of what will happen in america? i your assessment of what will happen in america? ~ �* in america? i think we're getting closer to the _ in america? i think we're getting closer to the point _ in america? i think we're getting closer to the point for _ in america? i think we're getting closer to the point for the - in america? i think we're getting | closer to the point for the federal reserve will cutting rates. if you rewind a year or so ago inflation was nudging double digits stop the central bankers and federal reserve for telling us they would do whatever it takes to get inflation lower enough that dicka recession so be it but fast forward a year and inflation is now at levels that are much more comfortable. —— than during our session. we don't want to do the same and reserve —— in reverse and i think the central banks and balancing growth and inflation a little more than a year ago and i think 2024 we probably look at a rate cut from the federal reserve as soon as the second quarter and several cuts next year. in the uk people may be disappointed if they expect a cut anytime soon because there are different economic factors and more for the bank of england to consider and the economy remains weak at the united states and inflation stubbornly high so they may want us start cutting rates but not yet. they may want us start cutting rates but not yet-— but not yet. when it comes to the meetin: but not yet. when it comes to the meeting today — but not yet. when it comes to the meeting today it _ but not yet. when it comes to the meeting today it looks _ but not yet. when it comes to the meeting today it looks like - but not yet. when it comes to the meeting today it looks like they . meeting today it looks like they will keep rates on hold but i think there will be more reluctant than there will be more reluctant than the federal reserve and keep alive the federal reserve and keep alive the possibility they may still increase rates though nobody will expect that and by doing that they are signalling they are not going to return to rate cuts that soon. maybe after all the conditions are not that different between the uk and the united states and eurozone. inflation has been a bit higher but lagging what is going on elsewhere and will continue come down and headline inflation pretty close to 2% by spring next year. they may look at cuts slightly later by the summer but the markets are looking for rate cuts next year. what summer but the markets are looking for rate cuts next year.— for rate cuts next year. what about euro e? for rate cuts next year. what about eumpe? again _ for rate cuts next year. what about europe? again they _ for rate cuts next year. what about europe? again they are _ for rate cuts next year. what about europe? again they are contending with a lot of different economy is doing very different things and have got to try to get some sort of cohesion in terms of what rates do. as you say there are a lot of different countries and central bankers from all those countries that come to frankfurt to make the decisions and they are also slightly different things but i think again like the federal reserve, they have seen inflation has come down quicker than the expected in september and will probably continue to come down and they do not want to be left behind either. there is a lot markets expect from the european central bank and i think they will probably feel that is a little too much so might be inclined to push back on that a little today but fundamentally keeping rates on hold today and may be a series of cuts coming next year. we today and may be a series of cuts coming next year.— today and may be a series of cuts coming next year. we will talk about lenteous coming next year. we will talk about plenteous that _ coming next year. we will talk about plenteous that starts _ coming next year. we will talk about plenteous that starts to _ coming next year. we will talk about plenteous that starts to happen. -- l plenteous that starts to happen. —— plenty is that starts to happen. 11 new hydrogen green projects have been approved by the government. confusingly perhaps it has cancelled it domestic hydrogen trial because it domestic hydrogen trial because it says that is not enough supply although there had also been some local opposition to the scheme. sarah williams is director of regulation and asset strategy in one of the ii regulation and asset strategy in one of the 11 companies behind the new project. talk to me about how significant this is because there might be a bit of confusion launching these new schemes but at the same time that test scheme in redcar has been cancelled stop what is going on? is a redcar has been cancelled stop what is auoin on? , . , ., redcar has been cancelled stop what is going on?— is going on? is a question and i think it is _ is going on? is a question and i think it is important _ is going on? is a question and i think it is important to - is going on? is a question and i think it is important to say - is going on? is a question and i think it is important to say we i is going on? is a question and i i think it is important to say we are pleased to see the announcements today and iii pleased to see the announcements today and 111 mw of hydrogen confirmed, £2 billion showing the uk is in the hydrogen market. it is not enough to clearly we will wish it could be more and as the next round of hydrogen production is now open we hope that will produce around 875 megawatts so really on the journey to putting the uk on the hydrogen map. in terms of the blending you mentioned, that is a really welcome move today, looking at how we can put blended hydrogen into the existing gas network and if it can do that that reduces our carbon emissions by around 6 million tonnes, equivalent to taking two and a half million cars off the road, so an important step as we transition and towards net zero. you an important step as we transition and towards net zero.— an important step as we transition and towards net zero. you would put h drouen and towards net zero. you would put hydrogen and _ and towards net zero. you would put hydrogen and with _ and towards net zero. you would put hydrogen and with normal _ and towards net zero. you would put hydrogen and with normal natural i and towards net zero. you would put| hydrogen and with normal natural gas which helps bring down the fossil fuel impact of that gas but we as consumers would not notice any difference? that consumers would not notice any difference?— consumers would not notice any difference? �* ., ., difference? at the moment we have cuite a lot difference? at the moment we have quite a lot while _ difference? at the moment we have quite a lot while methane _ difference? at the moment we have quite a lot while methane in - difference? at the moment we have quite a lot while methane in the - quite a lot while methane in the network which brings down carbon and we can put 20% hydrogen through the pipes along with natural gas and as a consumer you notice no difference but it would start to reduce our carbon emissions so hugely positive for the country. that carbon emissions so hugely positive for the country-— for the country. that are still a lona wa for the country. that are still a long way to — for the country. that are still a long way to go _ for the country. that are still a long way to go because - for the country. that are still a long way to go because there l for the country. that are still a i long way to go because there are for the country. that are still a - long way to go because there are 125 mw from these projects announced today. looking at what natural gas is currently generating, 21 gigawatts, clearly a huge way to go. there really is. this is an important part of thatjourney there really is. this is an important part of that journey and to reach net zero we will need more and replacing the gas used in many businesses and industries today in order to keep those jobs and keep that economy going in the uk, hugely important and that economy going in the uk, hugely importantand a that economy going in the uk, hugely important and a step on the journey to that. important and a step on the “ourney to that. ., , ., ., important and a step on the “ourney to that. . , ., ., ., important and a step on the “ourney to that. ., , ., ., ., ., to that. really good to hear it in action. thank _ to that. really good to hear it in action. thank you _ to that. really good to hear it in action. thank you for _ to that. really good to hear it in action. thank you for being - to that. really good to hear it in action. thank you for being with | to that. really good to hear it in i action. thank you for being with us and i'm sure we will talk again as the project gets up and running. set up the project gets up and running. set up volumes there. —— sarah williams. supplies of energy in the uk have been told they must help customers of the struggle with their bills as new rules come into force today. off gem says companies must contact vulnerable customers if the mess to monthly one quarterly payment and must check if they are having financial problems and help by providing affordable payment plans are a repayment plan if appropriate. the online marketplace for home made goods is cutting hundred —— etsy is cutting 225jobs and their shares are trading at under a third then the roots during the covid pandemic. for people working from home many find it can be isolating and less productive so there is now a new phrase, working near home. there is a place like this represent the future of office work? this is a trendy call working space, but it's a small kale are not in the city centre, in the suburbs where commuters left, in this case at twickenham in south—west london and you twickenham in south—west london and wu pay twickenham in south—west london and you pay to have a fixed small our desk in the office here. you don't have to commute _ desk in the office here. you don't have to commute every _ desk in the office here. you don't have to commute every day - desk in the office here. you don't have to commute every day and l desk in the office here. you don't. have to commute every day and go down to your local high street and have a productive work day and it is totally open to the public and we have bakery sales and ceramics classes. as have bakery sales and ceramics classes. �* ., ., , classes. a lot of the people i met here were — classes. a lot of the people i met here were office _ classes. a lot of the people i met here were office workers - classes. a lot of the people i met here were office workers allowed | classes. a lot of the people i met i here were office workers allowed to work from home. we define that lonely or too distracting? irate work from home. we define that lonely or too distracting? we live in cuite a lonely or too distracting? we live in quite a small— lonely or too distracting? we live in quite a small apartment - lonely or too distracting? we live in quite a small apartment and i lonely or too distracting? we live | in quite a small apartment and my husband is also working hybrid so sometimes that can be a little bit fraught. it lets me focus without being interrupted by the washing machine going or doing various tasks like in the house. and also my husband. , ., , ., husband. the number of these local community co-working _ husband. the number of these local community co-working hubs - husband. the number of these local community co-working hubs is - husband. the number of these local community co-working hubs is on i husband. the number of these local i community co-working hubs is on the community co—working hubs is on the rise in many backed by local government funding. they are seen as a way to regenerate high streets. this one in east dulwich has restaurant and yoga and wellness classes open to the public. the entrepreneur behind it has another one in sutton just outside entrepreneur behind it has another one in suttonjust outside london and plans for that expansion. the fact that this _ and plans for that expansion. tue: fact that this co—working and plans for that expansion. tta: fact that this co—working space and plans for that expansion. the fact that this co-working space is| fact that this co—working space is not in the city centre, how does it affect it? taste not in the city centre, how does it affect it? ~ ., not in the city centre, how does it affect it? ~ . , affect it? we are interested in developing — affect it? we are interested in developing a _ affect it? we are interested in developing a local _ affect it? we are interested in developing a local co-working| affect it? we are interested in - developing a local co-working space developing a local co—working space to allow people not to have commuting to city centres and spent time with the neighbours and reinvest money in local economies. some employers subsidise workers to come to place like this because they think they will be more productive than at home but many employers also know simply want their workers back in the main office sought the commuter lifestyle might not be over just yet. we will see very soon, goodbye. —— we will see you very soon, goodbye. for 70% of the world population this is what doing the laundry looks like, women and children spending hours each week scrubbing by hand. and this is the solution, a flatpack manual washing machine being built in corby. this british engineer was inspired by a visit to southern india. thea;r british engineer was inspired by a visit to southern india.— visit to southern india. they wash with cold water _ visit to southern india. they wash with cold water in _ visit to southern india. they wash with cold water in buckets - visit to southern india. they wash with cold water in buckets on - visit to southern india. they wash with cold water in buckets on the| with cold water in buckets on the floor causing joint pain and skin irritation. our machine says 70% time and 50% water.— irritation. our machine says 70% time and 50% water. here it is from flatack time and 50% water. here it is from flat - ack to time and 50% water. here it is from flatpack to fully _ time and 50% water. here it is from flatpack to fully assembled. - time and 50% water. here it is from flatpack to fully assembled. you - flatpack to fully assembled. you open the lead, but your clothes inside, which are water and your laundry detergent in here, close the lead and the most important bit is how you operate it using a handle, and once your clothes are clean your dirty water comes out here. over 100 staff from this components supplier have volunteered their time to build the machines. so far 180 machines have been sent to 15 countries giving thousands of women and girls their time back. for more stories from across the uk head to the bbc news website. hello from the bbc sport centre. we'll start with the european champions league, as the group stages have all wrapped up, and there was cause to celebrate for the title holders manchester city. their youngsters helped make it six wins out of six, with 20—year—old micah hamilton the big story. he was a ball boy at the etihad six years ago but turned goalscorer last night for pep guardiola's side, in what was his first team debut, as city beat red star belgrade 3—2 in serbia. as city beat red star belgrade another academy graduate, oscar bobb also scored, as did kalvin phillips, from the penalty spot, for his first goal for city. arsenal are the only other premier league side to have progressed to the knockout stages this season. please for the result and the effort from everyone on how the seniors help the young lads and of course winning helps to when and it helped us against luton and it helped us a lot again today. and hopefully for the next games. ac milan got the better of newcastle united at st james park, ending the premier league side's chances of making the knockouts. milan came back to win 2—1, afterjoelinton had them daring to dream. psg's draw with group winners dortmund saw

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