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during his press conference. with us inflation running still well above the bank s 2% target, it sjob is not yet done. i think, as anyone can see, not a single person on the committee wrote down a rate cut this year, nor do i think it is at all likely to be appropriate if you think about it. inflation has not really moved down. it has not so far reacted much to our existing rate hikes, and so we re going to have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. michelle fleury there in washington, dc. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants it to be. earlier, i spoke to blerina uruci of t.row ....
there was not a rate cut this year there was not a rate cut this year nor there was not a rate cut this year nor is there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down it. inflation has not moved down and it is not reacted much to our down and it is not reacted much to our interview existing rate hikes to our interview existing rate hikes so to our interview existing rate hikes so we have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices and follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants. earlier, i spoke with blerina u ....
and we will try to watch those throughout the programme but we will also look at some of the top business stories because they are developments in banking. first republic has failed in the us but it has been rescued and of course there are concerns about the wider banking industry and another us bank has collapsed and that has caused shock around the world. first republic will be taken over byjp morgan in a deal orchestrated by regulators and it has been under pressure for weeks as customers withdrew cash over worries about its future amid a rapid increase in interest rates. these coming just after the collapse of silicon valley bank. first republic has seen the deposits it held full sharply by more than $100 billion of the lost confidence in the bank and the rescue deal now meansjp morgan will take over $203 billion worth of loans and other securities from first republic. amid concerns about the health of the wider banking system, thejp morgan boss said this has helped ....
advisor jarret bernstein about the ministrations plan to combat rising prices. plus. the american people are looking for a new direction and house republicans have a plan. congressional republicans say they are bullish on their chances to take the house in november. we are going to fire nancy pelosi. shannon: are they succeeding in making their case to voters? we will show you what our polls say. will speak live with the number to a public it in the house congressman steve scalise about his party s plan should they take the majority. then. this investigation is not about politics. the committee investigating the generally six the right at the capitol votes to subpoena former president trump just ahead of the midterms. what we will ask our sunday pen about the 11th hour move and whether trump would comply. then. these artifacts have never been on display here before but. the most secretive buildings in the country opens up and are jennifer griffin takes you ....
advisor jarret bernstein about the ministrations plan to combat rising prices. plus. the american people are looking for a new direction and house republicans have a plan. congressional republicans say they are bullish on their chances to take the house in november. we are going to fire nancy pelosi. shannon: are they succeeding in making their case to voters? we will show you what our polls say. will speak live with the number to a public it in the house congressman steve scalise about his party s plan should they take the majority. then. this investigation is not about politics. the committee investigating the generally six the right at the capitol votes to subpoena former president trump just ahead of the midterms. what we will ask our sunday pen about the 11th hour move and whether trump would comply. then. these artifacts have never been on display here before but. the most secretive buildings in the country opens up and are jennifer griffin takes you ....