that number has remained higher thanks in part to persistently high housing costs. raising interest rates is meant to combat inflation. higher interest rates make it more expensive to borrow money and that is supposed to tempt down spending which in turn should tame runway prices. president biden praised the data as good news and called on large corporations to pass the savings on to consumers. now it is up to the fed to decide whether they have done enough work to help prices return to normal. that would mean holding interest rates steady and that is what they are expected to do on wednesday. what investors really want to know is when the fed thinks it will be time to cut rates. they will almost certainly have to wait and hope for next year. of course inflation has been a big topic for many economies around the world this year. it is a different picture in china where we just found out last week the economy is slipping further into deflation, that s falling prices. with a de
Interview later in the programme. Swords, axes and air guns, just some of the weapons seized from children in schools across the country. Police chiefs are warning that there has been a worrying rise in the number of young people carrying knives. Hello. Welcome to the programme. Were live until iiam. Caitlynjenner is with us this morning. Is there anything youd like to ask her about her life, her family, her relationships . Get in touch. We are also talking about the rise in the number of children carrying knives, as Police Seize Thousands of them from schools. If you have school age kids, are you worried for them . If youre getting in touch, use victorialive and text, you will be charged at the Standard Network rate. Our top story today. Donald trump has been defending his decision to sack the director of the fbi. In his first extensive Television Interview since he sacked james comey, he told the American Network nbc news that the former fbi boss was a showboat and a grandstander and
Highs. Yesterday the ftse100 hit record highs. This is how shares are trading across europe right now. Well talk you through the winners and the losers. How to avoid dodgy digs and Rogue Landlords. We will get the inside track on a site that lists 8,000 beds in 400 cities and theyre all for students. Has the laptop ban on planes affected you 7 for students. Has the laptop ban on planes affected you . Has it changed where and how you fly . We will talk about it on the programme today. So let us know your thoughts. Just use the hashtag, bbc Business Live the hello and welcome to Business Live. Today eu and us officials are meeting to discuss a potential extension of the laptop ban on aircraft. In march, the Trump Administration imposed new restrictions which prevent us bound travellers from carrying Electronic Devices larger than a mobile phone into the cabin. The original set of restrictions affected flights from eight mostly countries including turkey, egypt, the United Arab Emirates a
Stephs looking at the issue of transport. Iam going i am going to be talking to commuters and businesses here at out what they want from the election in terms of transport. In sport drama On The Last Day of the season. Arsenal miss out, liverpool are back in the Champions League and john terry stages a theatrical goodbye at Stamford Bridge. And with a week of sunshine on the way, carols at the Chelsea Flower Show. Good morning from the garden designed by chris birchall. It is stunning. There is over 3000 plants. It looks like its been here forever and its a Pleasant Start the day. This week, generally speaking, it be warm. By the weekend, some of us will have temperatures possibly into the low 30s, not all of us. A few of us the low 30s, not all of us. A few of us will see some rain. I will have all of the details in 15 minutes. Good morning. First, our main story. Labour is making a fresh appeal to young voters by bringing forward its promise of abolishing tuition fees, to include stu
Images have been released in the American Media tonight from the scene of the bombing. The uk government has expressed a strong disapproval. So far 14 of the victims have been named but police say they know the identities of eve ryo ne say they know the identities of everyone who was killed. And in Tonights Europa League final, a minutes silence was led by the players off mahan before going on to clinch the title. Of manchester united. Good evening and welcome to bbc news. Police have today confirmed they are investigating a network of people in connection with the bombing at a Music Concert On Monday Night which killed 22, including children, and injured nearly 60. As more details today urged about salman abedi, the Suicide Bomber who carried out the attack, and his links to libya, theres been renewed Police Activity in the city with more raids and arrests. And after last nights decision by the government to raise the uk threat level to critical, the highest rating, soldiers have been