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at an annual rate of half a percent injuly, although the price of services has continued to rise. that s raised hopes that after 11 hikes in the cost of borrowing, the fed may have won the battle against soaring inflation. all eyes now are on official employment numbers for august out later today. the fed will want to see a continued slowdown in hiring and pay rises. we certainly got an indication from thejobs report we certainly got an indication from the jobs report and from the adp report that the jobs could be weaker than anticipated, which would be good because that implies the fed might not need to raise rates september or november. also unemployment rate remaining very low and the hourly wages actually being equal to or less than last month, so again, inflationary pressure is probably coming down. let s speak to joshua mahony, chief market analyst at scope markets. has the fed nailed this? has it achieved a possible dream soft landing for the us economy, tackling ....
that s raised hopes that after 11 hikes in the cost of borrowing, the federal reserve may have won the battle against soaring inflation. steven blitz is chief us economist at t5 lombard. let s start with those numbers. 0n the surface of it, it appears that the surface of it, it appears that the usjobs market continues on the surface of it, it appears that the us jobs market continues on and hot streak. i the us jobs market continues on and hot streak. , , ,., , ., hot streak. i guess so, but more important hot streak. i guess so, but more important and hot streak. i guess so, but more important and critically - hot streak. i guess so, but more important and critically for - hot streak. i guess so, but more important and critically for the l hot streak. i guess so, but more l important and critically for the fed is that hiring is really settling in to the kind of monthly growth numbers that will soar from 2017 to 2019, so i think that the heat of the rehiring is clea ....
employment numbers for august out later today. the fed will want to see a continued slowdown in hiring and pay rises. but will that happen? neil shearing, chief group economist, capital economics. but there have been some signs of the us labour market cooling. this is the big focus of the market every month, us roll numbers and they change every month. we are going for a 150,000 increase in employment. the big picture is there has been a slowdown in employment growth. it s still growing, the labour market is in good shape but it s not super hot like it was a few months ago. it s not super - hot like it was a few months ago. it s not super - hot like it was a few months ago. there s been some coolin: in few months ago. there s been some cooling in that few months ago. there s been some cooling in that market few months ago. there s been some cooling in that market but few months ago. there s been some cooling in that market but others - cooling in that market bu ....
pro trump proud boys group has been sentenced to a lengthy prison term for his role in the capitol hill two and a half years ago. dominic pezzola, who received ten years, was described by prosecutors as one of the most violent members of a conspiracy to overturn the 2020 presidential election. on thursday, two senior members of proud boys were handed hefty prison sentences for their role in the attack. and we re expecting a fourth, ethan nordean, also to be sentenced shortly. 0ur north america editor sarah smith reports from washington. there s probably about 300 proud boys there marching. thousands of people marched on the capitol on the 6th of january 2021. the violence that followed has already led to hundreds of convictions, with the longest sentences going to the people who organised and coordinated the riot. the proud boys, a neofascist group, saw themselves as donald trump s army, said prosecutors who wanted to stop congress from certifying joe biden s victory by any m ....
hello everyone. thank you so much for joining me this saturday i m fredricka whitfield. aren t new today, former president donald trump setting off a firestorm of controversy after an incendiary social media post trump posted the video on friday. this one featuring an image of president joe biden hogtied on the back of that pickup truck. the biden campaign is blasting the post inciting political violence. cnn s steve contorno joining us now with more on all of this, steve, i mean, what is the trump s campaign saying about this well fred perhaps. it s no surprise that there are downplaying the severity of this video that trump posted last night on truth social. if you take a look at the video, you can see there are two trucks, both of them sporting pro trump decals and flags. and on the second trump, there is this image of president biden, as you said, hogtied rather large image. and in a statement to cnn, does trump campaign said, quote, that picture was on the back ....