who was sheltering underground, when the air raid alert in the capital went off at around 02:20 am local time. the bbc team heard at least one loud explosion and the city s air defence has been activated. earlier today, ukraine says at least 21 were killed in an attack on kherson. missile strikes hit a market, a railway station, a petrol station and residential builings. it comes as ukraine s president zelensky denied that his country carried out an alleged drone attack on the kremlin. russia says it was an attempt on vladimir putin s life. this video, which appears to show the drone attack, remains unverified. our analysis editor ros atkins has been taking a closer look. russia claims ukraine try to kill vladimir putin in the early hours of wednesday. this is the first video we have. it s in moscow. we see an object fly in from the left and explode. now let s pause here. we know this is moscow because this is red square. this is a recent picture of the same place with the kr
the bad news is that inflation, underlying inflation at least, when you subtract out food and energy, isn t really falling, so we haven t seen very much, if any, progress in underlying inflation, yet. that s whatjerome powell said, that inflation is still too high. this is the 10th hike in m months, and the fed did seem to signal that it might pause increases. would that be the right step? i have no idea,j powell has no idea, and the reason is that we need to see what s going to happen in the economy. you know, a year ago, it was clear that interest rates needed to be a lot higher, and so they were on a path to go up, no matter what the data said, they would still be on that upward path. right now, we don t know how tight credit will be as a result of the banking situation, we don t know the trajectory for unemployment, we don t know what s going to happen to inflation, and so the fed is, appropriately, ithink, saying, we are going to collect more information, make that decision and we