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shareholders are in favour. welcome to business today. i'm sally bundock. we start in the us where the cost of borrowing will be staying higher for a while longer. the us federal reserve left its key interest rate unchanged on wednesday at its highest in more than two—decades and signalled it only expects to make one cut this year. the fed though is predicting four more cuts in 2025. the decision came just hours after some encouraging news on its battle to control inflation. america's official consumer price index showed prices rising at an annual rate of 3.3% in may. that was down...

plan to keep him focused, walking americans through one rule of the law each day. and the biden administration is kicking off a new ad campaign to help sell the bill to a politically fractured nation. >> the resources in this plan will be used to expand and speed up manufacturing and distribution of vaccines, set up more vaccination sites to get the country in a place to get back to normal. this plan will get checks out the door starting this month. >> now, the white house says the checks for some americans will land as soon as this weekend. beyond the bill, the president is making s...

Let's get the latest on the storm forecast with fox weather meteorologist adam klotz, adam do tell. >> this is the storm as we see it off the baja peninsula that we've been talking about it is running over a little bit colder water. it is so interacting with land a little bit so still a tropical storm winds now down to 65 miles per hour moving to the north at 25 miles per hour so moving quickly about give or take 100 miles currently south of the border but as you can see so much of the rain and so much of the activity is front loaded on this storm so all out ahead of it and seeing heavy rounds...

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