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as inflation cools. from new york, our north america business correspondent michelle fleury sent this report. the december notes from the us central banks last meeting showed policymakers are feeling better about inflation. they agreed with investors that interest rates are at or near the peak for this cycle. they also agree it will come down this year. but they offered no clues as to how or when that will happen. to remind viewers, the federal reserve started raising rates in march 2022 to tame inflation. it did so 11 times, taking the benchmark rate to 5.5%. inflation, by the time ...

as of today, the bosses of britain's biggest companies will have made more money in 2024 so far than the typical worker makes all year. and that pay gap is growing. the average pay of the top ftse 100 chiefs amounts to £3.81 million per year, including pensions — according to the think tank, the high pay centre. that's equivalent to — wait for it — £1,170 an hour — 109 times the average worker whose median annual salary is just under £35,000. sorry to upset your lunch or dinner. joining me now is chris roebuck — a global leadership expert who has worked in major organisa...

that's according to the think—tank, the high pay centre — who have calculated that the average pay of top bosses will overtake the average full time workers annual pay by 1300 gmt today. joining me now is susannah streeter. happy new year. anybody looking at those and struggling on an annual salary of 34,963, the average, will be aghast. take a through the figures. be aghast. take a through the fiaures. . , be aghast. take a through the fiaures. ., , ., , be aghast. take a through the fiaures. . , ., ,, figures. it really does stick in the craw, figures. it really does stick in t...

if you have joined if you havejoined us, you are welcome and we are looking at the top business stories. we start here in the uk, where there is some relief for millions of people facing soaring housing costs. lenders have started the new year by slashing the cost of mortgages as financial markets bet the bank of england will soon begin to cut interest rates from their 15—year high. from today banking giant hsbc becomes the first major lender to bring back mortgages below 4% since last march. it comes as rival halifax slashed almost a percentage point off some of its mortgage rates...

Will hard line republicans now try to topple mccarthy . If i have to risk my job for standing up for the american public, i will do that and this bizarre moment, a democratic congressman pulling the fire alarm, what he says happened hundreds evacuated after a truck crashes leaking dangerous toxic gas into the air. Five People Killed in the collision. How dangerous is it . New videos of the epic flooding in New York City. Residents returning to their swamped homes, and the wild story of this sea lion escaping from the Central Park Zoo. The deadline tonight to head off the Biggest Health care st...