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BBCNEWS Asia July 5, 2024

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 straig ....

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BBCNEWS Asia July 5, 2024

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. spell, likewise on wall street on wednesday. still staying on the topic of interest rates, it s going to be a busy day for monetary policymakers here in southe ....

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BBCNEWS Asia July 5, 2024

remains elusive. the federal reserve likes to keep inflation hovering around 2%. right now it sits somewhere around 4%. that certainly better than where it was last year. somewhere above 8% for that 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 interest rate hikes seem pretty likel . ., interest rate hikes seem pretty likel . . ., likely. in made the 12 month chance likely. in made the 12 month change in likely. in made the 12 month change in the likely. in made the 12 month change in the cpi likely. in made the 12 month change in the cpi came - likely. in made the 12 month change in the cpi came in i likely. in made the 12 month change in the cpi came in at| change in the cpi came in at 4-~0% change in the cpi came in at 4-~0%and change in the cpi came in at 4 .0% and the change in the core 4 .0% and the change in the core cpi 4 .0% and the change in the core cpi was 5. ....

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BBCNEWS World July 5, 2024

a month ago we learned it had fallen to 8.7%, but food price inflation was over twice that, hurting many consumers even harder. one pizzeria owner, sergio from brighton, has been telling the bbc how inflation has been affecting his business costs that he has to pass onto consumers. we noticed that, after the first lockdown, let s say the tomato went from £20 per case to 25, and today reached £39 per case. bags of flour from £20, £21 per bag now we paid £32 per bag. another thing that is affecting is the salaries, as well the wages went up. the minimum wage is growing year by year. and this year, i think was 9% more for the minimum. so everything is affecting the price of our pizza. that is a business meant sharing impact on him. now, another area where many british households are facing the pinch is in housing costs. one mp is warning a mortgage time bomb is about to explode with mortgage rates rising. for those who are renting, many pay more still with t ....

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MSNBC PoliticsNation July 7, 2024

murder awaits a felony hearing set for thursday according to the erie county district attorney. this evening, buffalo is still reeling from the horror with vigils throughout the day, and city mayor brown, pulling no punches about the shooter s motivation. this individual came here with the expressed purpose of taking as many black lives as he possibly could. earlier today, president biden weighed in on the tragedy from the rose garden with the federal response. jill and i, like all of you, pray for the victims and their families and a devastated community. i ve been receiving updates from my team at the white house that is in close contact with the justice department. we are still gathering facts were already the justice department has stated publicly it is investigating the matter as a hate crime. civil civil rights activists like myself as head of the national action. sending thoughts prayers and resources to the community. i ve talked to some of the family me ....

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