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BBCNEWS Asia July 6, 2024

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 ....

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BBCNEWS Asia July 6, 2024

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 ....

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CNN The Lead With Jake Tapper July 6, 2024

vow to fight on. we won t give up bakhmut. we will hold on until the very last. glory to ukraine, death to the enemies. and the wagner boss in an audio message, acknowledges the ukrainians aren t budging. translator: the ukrainian army is throwing extra reserves into bakhmut and trying to hold the town with all their strengths. tens of thousands of ukrainian soldiers are repelling the attacks. bloodshed increases every day. reporter: wagner mercenaries are the spearhead of the invasion force. he claims they re making progress but often lack the ammunition to advance. translator: i will say a system needs to be worked out. i hoch that this system will start functioning soon, and we will be getting ammunition regularly. reporter: the u.s. and ukraine say the attrition rate among wagner s assault groups, often made up of prisoners recruited from russian jails, is as high as 80%. but the media channel is trying to convey how wagner is helping the convicts. in this ....

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FOXNEWS FOX Friends First July 7, 2024

left spending agenda with one advisor telling politico, quote, the biden administration doesn t understand that the only thing people care about is the inflation, gas prices, and the economy. of course there s no messaging and they don t have any idea what the message is. they are living in lala land. kirsten synema has agreed to back the bill saying we have agreed to remove the carried tax provision, advance manufacturing, and boost our clean economy in the senate s budget reconciliation. biden saying we ve taken a step towards reducing inflation and the costs for american families. i look forward to the senate taking up the legislation and passing it as soon as possible. at the center of this, joe man chin whose support earlier this week really paved the way to head to a vote. here s what he had to say about getting republicans onboard. you said this week you think that republicans should vote i would like to think i talk to my republican friends, they want ....

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FOXNEWS Americas Newsroom July 7, 2024

crisis firsthand. mayor adams declared an emergency in response to 4,000 asylum seekers coming to new york city over the past three months. he says they are straining the city s shelter system. but, according to governor abbott, that is nothing compared to what texas is dealing with. public officials across the country, they do need to realize the magnitude of the chaos created by biden s open border policies. they re up in arms about a few thousand people coming into their communities over the past few months? listen, in any one sector in the state of texas, we have more than 5,000 people coming across that sector every single day. and so, listen, we re full in the state of texas, our committees are overrun and i started bussing people to washington, dc when local officials could not handle the number of people that had come across their border. we have team coverage, david spunt at the justice department with breaking details about the biden administration forci ....

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