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A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Economic Activity and inflation and economic and financial developments. We will make that determination. Meeting by meet ....
this latest ceasefire $245 million in aid to help support people fleeing the violence. i m ben thompson. let s start in the uk where the cost of living crisis is showing some tentative signs that it is starting to ease slightly. the latest rate of inflation for the month of april has fallen to 8.7% now that s still very high and above the 8.2% rate that many economists forecast, but still a significant drop compared to the over 10.1% rate we saw last month. double digit inflation that had been in place since august last year all well above the bank of england 2% target hitting a peak at 10.4% in february, before slowly coming down. this latest figure is the sharpest drop since the cost of living crisis began. but growing cost of food still remains very high. as you can see here, food prices increased by 19% in april and havent yet come down from their peak. making it difficult for people to feel better off right now. joining us now is simon french, chief economis ....
in the united states where the central bank, the us federal reserve, has raised the cost of borrowing for the tenth time. the quarter percent rise puts the fed s main interest rate at between 5 and 5. 25% the highest it s been in 16 years. but has it done enough to tame inflation? or with banks struggling and recession looming, has the fed gone too far? our north america business correspondent samira hussain reports from new york. inflation remained stubbornly high, to try to get the cost of living back down to more normal levels the federal reserve has raised interest rates ten times in a little over a year, now it seems it may be ready to perhaps take a pause. the committee perhaps take a pause. the committee will perhaps take a pause. the committee will take - perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, le-s tightening of monetary policy, legs with which policy affects economic activity and inflation ....
a move that was expected. the current cost of borrowing now sits at five to 5.25%, the highest in 16 years. but is the fed finally done with rate hikes? the bbc s samira hussain reports from new york. inflation remains stubbornly high to try and get the cost of living back down to more normal levels. the federal reserve, america s central bank, has raised interest rates ten times in a little over a year. and now it seems it may be ready to perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments. we will make that determination. meeting by meeting. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money. and inflation is starting to come down. but there have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis whe ....
to manage scarce water resources . we report from murcia. also coming up: amidst the cost of living crisis, can we afford fair trade? a new report warns about our changing habits. if you justjoined us, you are in the top business stories. we be . in in the top business stories. we begin with in the top business stories. we begin with more on the deal thatis begin with more on the deal that is hope to be a breakthrough for northern ireland. as you ve been hearing, the windsor framework aims to fix post brexit trading difficulties between britain and northern ireland. the british prime minister, rishi sunak, hailed it as a decisive breakthrough . so let s look at the detail for trade. the deal creates two customs channels for goods being sent from england, wales or scotland to northern ireland. a green channel for goods intended to be used or consumed there. and a red channel for goods destined for the repbulic of ireland. here s our global trade correspondent, dharshi ....