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chairjerome powell suggested as much. as we approach the end of the year, it s natural to look back on the progress that has been made toward our dual mandate objectives. inflation has eased from its highs, and this has come without a significant increase in unemployment. these are things we want to see. why might the rate hiking cycle has included 11 increases. government data showed inflation dropped from 9.1% in mid-2022 to 3.1% in november. that is above the target of 2% and jerome powell cautioned the committee had not ruled out raising rates again in the future. for wall street the dowjones international average jumped to record close. this is the third time in a row of the central bank decided against another rate hike. for investors satisfied with what the fed has done is when it will start cutting rates? there is a lot to digests in america big questions about whether a cut is likely. we will talk about that than i want to come onto the uk and europe. what is y ....
3.i% of 9.1% in mid 2022 tojust 3.1% in november above the target of 2% and jerome powell said they had not ruled out raising rates again in the future. still, all three major markets finished higher in industrial average more than 500 points to a record close and this is the third time in a row after central bank decided against other hike and for investors, satisfying this the only question on their mind is when will the feds start cutting them. that happened in the us overnight in from investment firms, they gave me her take on what the decision means the rest of the world. i did this is a very good question we have seen in this business cycle is the us praise to delete other markets and we can only take signalled what is happening and the progress on inflation that makes it feel comfortable to cut interest rates and i wonder what the next step will be if other central banks will get to this stage and easing financial conditions in the markets that is a part of the p ....
been on holiday with his mother, who wasn t his legal guardian, and his grandfather. melanie and david batty has been accused of abducting alex, possibly to take them to live on a commune in morocco. back in 2018, his grandmother, who was his legal guardian, spoke to the bbc. been an absolute nightmare, guardian, spoke to the bbc. been an absolute nightmare, wanting - guardian, spoke to the bbc. been an absolute nightmare, wanting to - guardian, spoke to the bbc. been an absolute nightmare, wanting to see. absolute nightmare, wanting to see the grandson that you love so much, might not see him ever again. but she could soon be reunited with his grandson. officials in southern france cy alex, now 17, has been found in the town of revel east of toulouse. in a statement, greater manchester police say offices in oldham are in contact with french authorities to establish the authenticity of the report. they added, this is a complex and long running investigation and we nee ....
this is bbc news, the headlines: president putin warns the war with ukraine will continue until russia achieves its aims. he s holding his first major news conference since the war started. the republican led us house of representatives votes to formally authorise an impeachment inquiry into president biden. and the uk s spy agency gchq reveals its annual brainteaser for schoolchildren. let s ta ke let s take you to belfast. can you tell us what happened today and some of the background? it relates to bloody sunday, 30th january 1970 two, one of the worst incident during the conflict in northern ireland known as the troubles and many people were killed and one of the most significant and have a conflict developed lasting from the late 19605 to the conflict developed la5ting from the late 19605 to the late 19905. 13 people were shot dead by the british army, by members of the parachute regiment at a civil rights demonstration at londonderry, the second biggest city in n ....
business dealings. every single republican voted to authorize the inquiry even though the year-long investigation has failed to uncover wrongdoing by the president. many acknowledge they haven t found enough evidence to actually impeach biden. do you have proof that joe biden acted corruptly to help his son? an impeachment inquiry is not about proof. i don t know that you re going to see a high crime and misdemeanor. how close are you to support impeachment of the president? we re not there. gop leadership has made clear that formalizing the inquiry does not mean impeaching the president is inevitable. republicans argue the move was in response to stone walling by the biden administration when it comes to handing over documents. the president responding shortly after that vote saying, quote, instead of doing their job on the urgent work that needs to be done, they are choosing to waste time on this baseless political stunt. that vote unfolded hours after the ....