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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 ....
as you can see here, the rate of inflation in the uk has remained stubbornly high over the last few months adding pressure on the bank of england to raise interest rates again when it meets tomorrow. they re likely to be concerned that core inflation which excludes volatile food and energy prices actually rose hitting 7.1%. that s the highest rate since march 1992. bear in mind, the bank of england s target for inflation is 2% and its been falling in other countries. here s the uk finance ministerjeremy hunt. we don t have the clip at the moment. yael selfin is chief uk economist at the business consultancy kpmg and joins us from london. we heard from jeremy hunt earlier and he said it is a surprise, and it is one of their targets to get inflation down, but it is proving to be harder to do and easier to say. it is proving tricky and there are a number of reasons, one of which is we have a very tight labour market, tighter than in other economies, especially in e ....
in sport, he s done it luke littler s dream run continues, as the 16 year old becomes the youngest person to reach tonight s world darts final. tha nkfully thankfully not as windy today but there are now over 300 flood warnings across the uk following storm henk. at least the prospects are a little bit drier. full forecast on breakfast. good morning. it s wednesday, 3rd january. our main story. junior doctors in england are about to begin a six day strike the longest in nhs history. tens of thousands of routine operations and appointments are likely to be postponed as hospitals focus on emergency care. members of the doctors union, the bma, have asked for a 35% pay increase. the government says that is unrealistic. 0ur health correspondent sophie hutchinson reports. what do we want? fair pay! when do we want it? now! a new year, but still no end in sight to the junior doctors pay dispute, which started last spring. the six day walk out is their longest yet, and ....
4am finish at the australian open was a farce. even if his marathon second round win will go down in history. schools in england receive government funded defibrillators from today to help save lives after a campaign by a greiving father. # hey, mrtambourine man. the folk rock star david crosby has died aged 81. he was best known for his two bands the byrds, and crosby, stills and nash. and i not out there but as many desperate and it is an it is not it is it is an pricey start but slowly turning yes cold over the weekend. it s friday the 20th of january. our main story. more ambulance workers have announced plans to strike on february 6th which will see a record number of nhs staff taking industrial action. it s one of ten strike dates announced by the trade union unite, which represents around 2,600 ambulance staff. another ambulance workers union, the gmb, and the royal college of nursing had already said they ll be striking in england and wales on the same day. with ....
without doubt the most dangerous lie that they have told is that i somehow boasted about the number of people that i killed in afghanistan. newcastle ease past leicester at st james park and book their place in the league cup semi finals. good morning. it is going to be a colder day to day than yesterday. although some of us are starting with some sunshine, already there are showers in the west. they will develop widely. some will be heavy and thundery, and it is going to be windy. details later in the programme. good morning. it s wednesday, 11th january. our main story. more than 20,000 ambulance workers in england and wales are on strike today, for a second time over pay. nhs providers, which represents hospital and ambulance trusts, said the pressure facing the health service meant it was in an even more precarious position than the previous strike three weeks ago. paramedics, call handlers and ambulance dispatchers are all taking part in today s industrial actio ....