let s start in the us where inflation has been falling for the 7th month in a row. the rate forjanuary stands at 6.4% down from a peak of 9.1% injune last year. but the latest report from the us labor department also showed the pace of that slowdown is starting to ease. the bbc s north america correspondent michelle fleury reports from new york. inflation has been coming down on an annual basis. that s the good news. the bad news on a monthly basis, prices for consumer goods actually rose at the start of 2023, despite an aggressive campaign by america s central bank to bring it down. the consumer price index was up 0.5% injanuary, compared to a revised 0.1% increase in december. the cost of housing was to blame for more than half of the increase. higher food and energy prices also contributed. the stronger than expected report, coupled with a tight labour market, could force america s central bank to raise interest rates more than anticipated. and that certainly spooked i
Year, a lot of indexes are up 10%, year to date so far, so there is a bit of a disconnect, but i think generally investors are still on the cautious side because last year we had one of the most aggressive and fastest rate increase cycles in the us, so that is bound to have an impact on the economy, which has not seen yet, so there is still some cautiousness but it has been pretty good rallying. what you make of this deceleration in inflation coming down, do you think we are in for a longerflight against inflation than previously thought? yes, i think that previously thought? yes, i think that is previously thought? yes, i think that is our previously thought? yes, i think that is our view. - think that is our view. inflation falling is a great thing, it has been falling for the seventh consecutive month which is a good trend but if you look at what the reserve wanted it to be it is 2%, so at 6.4%, we are far from that. if you strip out the energy and food component, inflation ha
Let s start in the us where inflation has been falling for the 7th month in a row. the rate forjanuary stands at 6.4% down from a peak of 9.1% injune last year. but the latest report from the us labor department also showed the pace of that slowdown is starting to ease. the bbc s north america correspondent michelle fleury reports from new york. inflation has been coming down on an annual basis. that s the good news. the bad news on a monthly basis, prices for consumer goods actually rose at the start of 2023, despite an aggressive campaign by america s central bank to bring it down. the consumer price index was up 0.5% injanuary, compared to a revised 0.1% increase in december. the cost of housing was to blame for more than half of the increase. higher food and energy prices also contributed. the stronger than expected report, coupled with a tight labour market, could force america s central bank to raise interest rates more than anticipated. and that certainly spooked
Like we do at 0urcrowd, you basically have to take a long term view, it is not about next week, it is about how we solve the challenges facing the planet, how do we reduce greenhouse gas emissions, how do we make ourselves more healthy, how do we solve quantum computing quantum computing? there is so much to be done. and what we are doing is providing individuals around the world, 220,000 of them, the ability to invest in not only make money but to take a role in making this change happen. thank you. us stocks have been stabling after the us inflation date. the consumer prices index is putting a bit of policy pressure on the federal reserve.
Investors, with prices still running well above the us federal reserve s 2% target. the task of taming inflation is not straightforward, a fact recently acknowledged by fed chairjerome powell, who warned the process wouldn t be easy. and it looks like he s going to have to do it without one of his top lieutenants. federal reserve vice chair lael brainard has been picked byjo biden to replace brian deese as one of his top economic advisers. the change to the president s economic team comes as the fed is trying to fight inflation without causing a recession. now, all of this has prompted executives at some of america s biggest banks to give a more upbeat assesment of the us economy. goldman sachs, bank of america and wells fargo their words mark a shift in tone and reflect the growing belief that the federal reserve is winning its battle of taming inflation and avoiding a recession. let s delve into that a bit more with janet moyee, head of market analysis