Here is chair, jerome powell, during his press conference. The economy has made considerable progress toward our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlike
Mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. With progress on inflation taking longer than expected, hopes for lower rates have dimmed. One scenario that could change that calculation . Chair powell said if the Labour Market unexpectedly weakened, that could spur rate cuts. And sweetening the mood on wall street, the Dowjones Industrial Average closed higher, after the fed chair implied that the Central Banks next move was unlikely to be a rate hike. As youve heard from the Us Federal Reserve, Interest Rates in america will remain high for some
Us were campuses are bracing for another night of violence. This hour. It comes after tensions at ucla when Counter Protesters attacked a camp set up by pro palestinian demonstrators. The governor of california has condemned the Police Response to clashes at ucla on tuesday, calling it delayed and unacceptable. Emma vardy reports from los angeles. This was the moment tensions between rival protesters boiled over. Pro palestinian activists and a counterdemonstration by pro israel supporters became violent. Fireworks were thrown over a screaming crowd, and wood used as weapons. We had people beating us with sticks, throwing whatever they could to us. Im kind of annoyed at myself for not seeing it coming, but i didnt think it would ever get to this, escalate to this level. The Los Angeles Police were called by The University. The Vice Chancellor has condemned last nights events as a horrific act of violence. Eventually, officers separated the rival groups. Im a ucla student. We pay tuitio
Joining us on sportsday. Were going to start in germany where Borussia Dortmund have beaten Paris Saint Germain 1 0 in the first leg of their Uefa Champions League semi final. While the spotlight was on psgs expensively assembled squad of superstars including Kylian Mbappe. It was Manchester United outcast jadon sancho who was the shining light of this dortmund performance. He completed 12 dribbles, the most by a player in a Champions League semi final since. Lionel messi back in 2008. Advantage dormund but psg will rue the chances they missed as Conor Mcnamara reports. Dortmund stryker in the first have decided this first leg by perrys century mama look back on the tip of the game and they would not believe the chances they missed. A former Dortmund Player had two edged opportunities and what of them saved and when he put off target in Kylian Mbappe was looking to lead psg on the high was relatively quiet that the game but he did it the right post any team we had left posed in both of
The un has warned that more than 70 of the population faces catastrophic levels of hunger. Israels opening of the Erez Crossing follows sustained international pressure. The move has long been called for by aid agencies. The us Secretary Of State Antony Blinken met the israeli Prime Minister Benjamin Netanyahu injerusalem and urged him to ensure that more humanitarian aid gets in to gaza. Mr blinken also called on hamas to accept the terms of a Ceasefire Deal that would see a pause in fighting and the release of israeli hostages. Our special correspondent fergal keane reports from the Erez Crossing. A gate towards the war. Where israels army today showcased how it planned to boost aid reaching gaza. This is the Erez Crossing in the north of the gaza strip, with gaza devastated on the other side. The plan is to get 500 trucks a day into gaza from here. The un wants many more to avert what it calls a man made famine. The optics, designed to convey an israel listening to america and other