The cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. Dimitri, how have consumers and businesses really responded to the rising Cost Of Living
Shelter and housing. And particularly you mentioned the cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects to raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. Dimitri, how have consumers and bu
Bronwen maddox, director and Chief Executive of chatham house, and miles taylor, formerly Chief Of Staff at the Us Department of homeland security. We will get their thoughts on the meeting today between President Putin and kim jung un. And those calls today for a Re Evaluation of the uks relationship with beijing, which follows new allegations of Potential Spying by china in westminster. We will focus on libya very shortly. But first, theres been a Big Development this evening in a police investigation, here in the uk, into the death of 10 year old sara sharif, whose body was found at the family home in woking, surrey, five weeks ago. Herfather, his wife and his brother who left the country for pakistan before saras death was reported are now back in the uk. Urfan sharif, Beinash Batool and faisal malik were not arrested as they boarded a plane in pakistan for dubai. The authorities in pakistan say they travelled of their own free will. But when they landed in the uk, all three of the
A lot of the inflation, if you look at it in the us, is really coming from shelter and housing. And particularly you mentioned the cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week
Situation in libya. More than Five Thousand people are now known to have died, in devastating floods in the east of the country. These are the pictures from derna with people describing a tsunami of water hitting the city, after two dams collapsed. More than ten thousand people are still missing the authorities fear the death toll will double. All the details are disturbing more than 3a thousand people are now homeless witnesses talk of the sea constantly Depositing Bodies on the shoreline. Before i show you more of the aftermath have a look at the moments the floodwater actually hit this city, the power, the speed, the force, sweeping everything away. People describe the land, just disappearing in an instant. Aid agencies on the ground talk of an overwhelming need for everything from water, shelter, medicine, rescue teams with clinic and hospitals in the east of the country overwhelmed by the injured. The Rescue Operation has been made more difficult by the complicated political situa