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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 c...

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 gro...

hearing, has held what the us calls "candid" and "constructive" talks with china's foreign minister in beijing. this at the start of two days of meetings with chinese officials. mr blinken emphasised the need for diplomacy and keeping "open channels of communication" us officials added. the trip to china is the first by a top us diplomat in almost five years and comes months after an earlier visit by the secretary of state was postponed when a suspected chinese spy balloon flew in us airspace. can this trip reboot relations? to discuss this and what's at stake for the world's two big...

between the two countries. well, trade relations, like other parts of the us relationship with china are tens. while a lot of trade still continues to flow up between the two countries, export restrictions remain in place, and china is increasingly imposing regulations, making it very tough for us companies to operate in their country. it’s operate in their country. it's interesting. _ operate in their country. it's interesting, because economic ties still happen, discussions of geopolitical issues on the defence front just shut down. now we have bill gates, elon musk visiting chin...

this is bbc news. it's newsday. hello and welcome to the programme. the us coastguard has launched a search and rescue operation, after a sub—mersible used to take tourists to view the wreck of the titanic went missing in the atlantic ocean. the vessel — with five people on board — lost contact about one hour and 45 minutes into a dive to the wreck. the titanic, which sank in 1912, lies nearly 4,000 metres beneath the surface, around 600 kilometres off the coast of newfoundland in canada.from boston , our correspondent jessica parker reports. designed to plunge the depths of th...