A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Economic Activity and inflation and economic and financial developments. We will make that determination. Meeting by meeting. The rate rises have slowed Economic Growth in the United States by making it more expensive to borrow money. And inflation is starting to come down. But there have been some unexpected Knock On Effects of the rate hikes. They played a part in the Banking Crisis where three banks
heatwave of the very hot days in this current heatwave. we have some showers and thunderstorms in the forecast on the north thunderstorms in the forecast on the north and thunderstorms in the forecast on the north and west and they will become more widespread over the next few days days. good days. - good morning, t good morning, he worst start for a manchester- united manager for more than 100 years. - erik ten hag s side lose against. they re humiliated and drop - to bottom of the premier league, as brilliant brentford hit four. it s sunday the 14th of august. our main story: the author sir salman rushdie has reportedly been taken off a ventilator and is able to talk again. the 75 year old was stabbed while speaking at an event in new york state on friday. his agent confirmed the news to us media, after previously saying the author may lose an eye. our north america correspondent nomia iqbal is in pennsylvania where mr rushdie is in hospital. a day after sir salman r
Southern england, sunny spells developing but still some heavy showers later in the day. I will have all the details throughout the programme. Its monday the 1st of april. Our main story. Energy prices in england, wales and scotland have fallen to their lowest level for two years today, as the regulator ofgems new quarterly price cap Comes Into Force. A household using a typical amount of energy will see their bills fall to £1,690 the lowest its been for two years. Charities say customers still owe billions of pounds to suppliers in unpaid bills. With more, heres our cost of living correspondent, kevin peachey. Spring has arrived in the gardens of this east Kent Community centre, promising warmer months ahead. I love the daffodils. But locals are still feeling the chilling Impact Winter Bills had on their finances and lifestyle. Its been quite a harsh winter and i havent been able to afford to have the Central Heating on. So its been rather challenging. And so ive been using hot water
Elsewhere, a swan song or perhaps not. On the eve of the tournament, rafael nadal refuses to say if this is his final french open. Also coming up on sportsday for this first time this season, Max Verstappen wont lead the grid as he misses out on the record for consecutive poles, after a bad afternoon in monaco for the reigning world champion. Welcome to the programme. It was a repeat of last years fa cup final, but with a different result. Despite facing difficult questions about the future of boss erik ten hag, his Manchester United side denied rivals Manchester City from securing a league and cup double by winning 2 1 at wembley. Our Sports Correspondent Natalie Pirks has the story. Familiar foes with vastly different fortunes. As reports intensified about the fate of Manchester Uniteds manager, fans laid blame firmly elsewhere. You have to start to question the players eventually. Back the manager, all day long. The players need to have a look at themself. Would this be ten hags las