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to ease rising prices. data you may recall this week showed a drop from its peak of 1.9% in mid 2022 tojust 3.1% in november. that is above the beds target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. still, wall street, all three major markets finished higher and the dow jones industrial average jumped more than 500 points to a record close. this is the third time in a row after all that central bank decided against another rate hike. for investors satisfied that the fed is done, the only question on their minds is when will the fed start cutting them? investment firm t row what happened in the us overnight? i talked to someone from t rowe price earlier and asked her what the fed s decision means the rest of the world. i think this is a very good question on what we have seen during this business cycle is that the fed and the us rates tend to lead other markets so that is one way we can take signal from what s h ....
alternative and no room for discussion between shock treatment and gradualism. joining me now is andres abadia chief latam economist at pantheon macroeconomics. lovely to see you again. he is now formally in the job and has delivered his first initial speech. what will he do next? the speech was relatively light on detail but he says there will be a physical shop to the economy and that is important because we are at about 5% of gdp but the good news is he said that the shock or the adjustment would be on the state and not the private sector. there are also economic indicators that suggest more than 40% of the population live in poverty so when he will have a mammoth task to bring the economy back on track. will he dismantle the central bank and swap the peso for the us dollar which he did say he would do in his electioneering. that is the main question right now. so far we have seen since he was elected one month ago that he has been pragmatic, more pragmatic than ex ....
israel defense forces site over the last few days, it 600 targets, and overnight, the idf says dozens of terrorists were killed in continued ground operations. according to cnn analysis of video published by israeli media, idf forces have advanced about three kilometers inside gaza. as a ground invasion expands, the united nations is warning of growing hunger and desperation in gaza, after people broke into warehouses to take survival essentials. u.n. secretary-general says the situation there is growing more desperate by the hour. the world is witnessing a human catastrophe taking place before our eyes. more than 2 million people with nowhere safe to go are being denied essentials for life. food, water, shelter, and medical care, while being subjected to relentless bombardment. i urge all those with responsibility to step back from the brink. in the meantime, the palestinian red crescent society says israel is continuing to launch airstrikes, next to the hospital ....
and those mps that we do elect will have that on their shoulders. be no doubt, the campaign is going well that there is momentum out there. you only have to look at things like social media numbers to realise how well we are doing with a budget that is a fraction of the others and that is a fraction of the others and that is because we have got, we may be, compared to conservative and labour right now, we may be a relatively small party but we have got a very, very big message. live from london. this is bbc news. nigel farage launches reform uk s contract with the people , what they are calling their manifesto. we are running very fast to catch up. and i genuinely believe that our campaign now has some momentum. and i genuinely believe that our campaign now has some momentum. meanwhile, labour outlines its green investment pledge, promising hundreds of thousands of newjobs. it just never seems itjust never seems to. but the conservatives say labour s energy plan will cost bi ....