hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straight on
it s the one year anniversary of the abba voyage show. it took years to create. you described it as a risk because you didn t know if people are going to come and see digital recreations of you. is in a gamble that has paid off? most certainly yes- gamble that has paid off? most certainly yes. artistically - certainly yes. artistically definitely. certainly yes. artistically definitely. why - certainly yes. artistically definitely. why do - certainly yes. artistically definitely. why do you . certainly yes. artistically i definitely. why do you say artistically definitely. why do you say artistically definitely? - artistically definitely? because we achieved more than we could because we achieved more than we could ever hope for. seeing this happening after four or five this happening after four or five years of work in different areas. five years of work in different areas, coming there, seeing the first preview and realising that first preview and realising th
champions league final in istanbul, leaving i o champions league final in istanbul, leaving 1 0 with 20 minutes left, rodri was the scorer. now on bbc news, political thinking with nick robinson. hello and welcome to political thinking. draw up a list of some of the toughest policy of nuts that any government needs to crack and you probably put pretty near the top rough sleeping. you might add anti social behaviour, troubled families, maybe child sexual exploitation. victims rights and last but certainly not least, the culture and standards of the police. that list is a short summary of the job is done by my guest this week on political thinking. job is done by my guest this week on politicalthinking. she job is done by my guest this week on political thinking. she has done those jobs political thinking. she has done thosejobs for political thinking. she has done those jobs for five different prime ministers, both main political parties over the last quarter of a century or
and act as a shock merger with the saudi backed rival liv golf, ending a bitter split in men s professional golf. announces a shock merger. sport now and for a full round up, from the bbc sport centre, here s jane dougal. hello from the bbc sport centre. astonishing news from the world of golf, the astonishing news from the world of golf, the pga astonishing news from the world of golf, the pga tour astonishing news from the world of golf, the pga tour has astonishing news from the world of golf, the pga tour has agreed astonishing news from the world of golf, the pga tour has agreed to merge with liv golf and it has been a difficult time for the last year in professional golf and the controversial breakaway league bankrolled by billions of dollars from saudi arabia s sovereign wealth fund led to the pga tour banning the golfers who joined it and personal feuds between players. we can speak to our bbc golf commentator. how significant is the news? hugely significant- si