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move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily 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 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, the legs tightening of monetary policy, the legs with which it lacks inflation and economic and financial inflation and economic and financial developments. the legs financial developments. the legs we financial developments. the legs. we will make that determination meeting by meeting. determination meeting by meetinu . ....
a move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily 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 legs with which it lacks 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 they have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis, where three banks collapsed in less than two months. so far, the fed ha ....
and misconduct. the mayor of kyiv says that russian strikes on the city this morning have killed one person and wounded three others. good morning and welcome to bbc news. the uk s new chancellorjeremy hunt is to deliver an emergency statement on the british economyjust after 11 o clock this morning, bringing forward measures a fortnight earlier than expected. it s expected there ll be a delay in the plan to cut the basic rate of income tax from 20p to 19p, that would be yet another u turn from the mini budget that caused such turmoil on financial markets. with me now as our chief political correspondent. he is waiting in the wings to talk to me. let me round up, because an hour or so we are expecting to hear from the chancellor, he is going to be making that statement and we are expecting pretty much everything in the mini budgets to be pulled back, except for the national insurance increase, the national insurance cut because that has already been legislated for, obvi ....
another prisoner swap? then, the same kind of technology used for the best covid vaccines, mrna, is showing promise in treating other conditions, including some cancers. welcome to the lead. i m jake tapper. we start with our money lead. prices are up and the stock market is down. president biden is trying to put a positive spin on the economy, today insisting that tackling the worst inflation the u.s. has seen in decades remains a top priority. during a speech in front of the afl-cio in philadelphia, the president touted his administration s coronavirus relief efforts, record new job creation, and low unemployment levels. sure, but that s likely little consolation to the millions of americans paying record prices for everything from food to gasoline. especially as many economists predict the federal reserve will drastically hike interest rates tomorrow to try to get control of the inflation. president biden will try to address one of those crises, gas prices, now ....
are promoting? okay. dana, thank you. dana: bye. bret: good evening, welcome to washington. i m bret baier. former president trump on the witness stand in his civil fraud trial. a day that saw fireworks in and out of the courtroom. we will take you there. plus, a major democratic official spreads doubt on whether president biden should even attempt re-election. an indiana woman is in custody after trying to destroy what she thought was a building housing an israeli school filled with jewish students and teachers. we will tell you what she actually hit and what she is facing tonight. but, first, breaking tonight, israeli officials say at one point earlier today, approximately 30 launches were identified from lebanon toward northern israel. troops are now responding with artillery fire aimed at the origin of their launches. is this the beginning of that northern front everyone has been talking about in earnest? meantime, israeli forces in greater numbers are expecte ....