Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C
Around the globe, and the white house has turned a blind eye, especially the last year or two because its been trying to smooth relations between iran and the western world. But now if the white house decides to enforce those sanctions, that means supply from iran would be cut off and coming at a time when oil supplies have been tightening because saudi arabia and russia, the two largest exporters of oil in the world, who are also part of 0pec , have collectively been reducing 1. 3 Million Barrels of oil per day since july and there is a good chance it may continue next year as well. So if this happens there will be a scenario where there will be less oil supply, more demand, and that leads to higher prices. Even though Major Oil Producers are not directly involved in the conflict it has still sparked uncertainty as far as oil prices are concerned. Talking about that was azlin ahmad, covering crude oil markets in the middle east and asia pacific and she told me that yesterdays spike in
Thats it. Thank you very much for coming. Recently, a hearing held on the increase of number of unwanted phone calls and scams aimed at Senior Citizens despite laws allowing people to opt out of receiving marketing calls. We heard from someone who was a victim of one of these phone scams as well as a federal trade Commission Top regulator and a Computer Science and networking specialist. You can watch the hearing at 4 30 p. M. Eastern time and well take your phone calls and questions immediately after. Over on cspan. The cspans city tour visits sites across the country to hear from authors and Civic Leaders every weekend on cspan 2s book tv. And American History tv on cspan 3. And this month with congress on its summer recess, you can find the cities tour on cspan every day at 6 00 eastern. Today, the literary life of lincoln, nebraska, including the letters of novelist, biography of chief standing bear, and a book about the removal of native American Children from their homes. That st
At the bottom of a well. It is 7 00am in singapore, midnight in london, and 7 00pm in washington, where President Trump has condemned north korea for its latest nuclear test, warning that america may stop trading with any country that does business with the north. The Un Security Council will hold an emergency session later on monday, the second time it has met to discuss pyongyangs actions in a week, and south korea has announced that it has carried out its own Ballistic Missile tests in response to the norths test. We will report from tokyo and beijing in a moment, but first, Yogita Limaye in seoul. It was a perfect success, the newsreader declared, as she announced north korea was close to achieving its nuclear goals. The country says it has detonated a Hydrogen Bomb small enough to be fitted to an intercontinental missile. This is kimjong un inspecting what north korea claims is such a device. If true, it would mean that pyongyang is now capable of launching a Nuclear Attack on cit
And london, this is bbc world news. Its newsday. Glad you could join us. Its 8am in singapore, 1am in the morning in london, and 8pm in washington where the Trump Administration has warned north korea that it risks a massive military response if it threatens the us or its allies. It follows pyongyangs most powerful nuclear test to date. In response, south korea has just carried out its own Ballistic Missile exercise. The Un Security Council will hold an emergency meeting later on monday to discuss its response. In a moment, we report from tokyo and beijing, but first our correspondent, yogita limaye, whos in seoul. It was a perfect success, the newsreader declared, as she announced north korea was close to achieving its nuclear goals. The country says its detonated a Hydrogen Bomb small enough to be fitted to an intercontinental missile. This is kimjong un inspecting what north korea claims is such a device. If true, it would mean that pyongyang is now capable of launching a Nuclear At