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 of the last meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first rate setting meeti
fleury sent this report. the december notes from the us central bank s 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 of the last meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour but is still well above pre covid levels. that is consistent with the fed s goal. to slow the economy without triggering a nasty recession. the feds first rate setting meeting this year starting january 30. investors are holding their breath is beneficial t
line up and the weight that most are pledging to tax cuts if they win. and the way. also on the programme. a week of very high temperatures ahead for much of the uk, as the met office issues an extreme weather warning for the weekend. train drivers at eight rail companies have voted overwhelmingly to go on strike in a dispute over pay. and england s women are the first team through to the euro quarterfinals after a stunning victory against norway. and coming up in the sport on the bbc news channel, a five star performance from england. it s a five wicket win as they dominate south africa in their first one day international. welcome to bbc news at ten. it s official the united kingdom will have a new prime minister by the 5th of september following an election to find a new leader of the conservative party. that process will begin tomorrow. so far, no fewer than 11 conservative mps have entered the fray. they ll need to be backed by at least 20 colleagues to be on the fi
Wild campers are ruining the environment with a letter and anti social behaviour. Critics say it undermines the right to roam. And a premature baby becomes the youngest patient ever to undergo and survive major Abdominal Surgery anywhere in the world. Good morning. We will have coverage of the Francois Fillon News Conference as soon as it begins. It is due any time. Stay with us for that. First, news of Donald Trumps first speech to congress. He said he was there to deliver a message of unity and strength and that a new year of strength was beginning. He condemned recent threats aimed jewish centres and the shooting of two indian immigrants in kansas. And he called on republicans and democrats to Work Together on the issue of immigration. Our washington Correspondent Laura Bicker watched the speech. Donald trumps trip to Congress Gave them a few last moments to practise his speech. The president of the United States. Again, the president delivered what few had expected, the most presid
shipped through this neck of water but also oil and raw materials, and things like that, that is definitely going to have inflation pressure. manufacturing activity felt to an 18 month low and december in india according to a business survey released yesterday by hsbc. we have more from them by. what has led to this? fix, by. what has led to this? couple of factors. including slower demand for new orders as well as factory output which caused lower numbers down to about 54.6 as opposed to 56 in november, so we are still about an expansionary territory, but going ahead it does appear that the outlook that a lot of the manufacturers do have is much more sanguine. that s the number of reasons including the fact that the indian economy continues to be one of the most