The core rate, stripping out those volatile elements such as fuel and rents, fell to 3. 8 from 3. 9 injanuary, but that was still higher than the 3. 7 expected. This latest data suggests there is still some stickiness with inflation that will be scrutinised by the Federal Reserve as it weighs up a highly anticipated Interest Rate cut injune. Lets head over to new york and speak to our north America Business correspondent michelle fleury. Not michelle fleury. A huge rise but not heading in the not a huge rise but not heading in the right direction . The right direction . People were hoinu to the right direction . People were heping to see the right direction . People were hoping to see more the right direction . People were hoping to see more evidence hoping to see more evidence that prices were cooling and moving in the direction they wanted, this probably goes in the negative column, inflation is a bit hotter than people would like to see, and it does not necessarily mean a different
Things like volatile food and energy prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further. The us central bank, you may recall, raised its benchmark Interest Rate to more than 5. 25 percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. So while its too early to say Mission Accomplished from the white house to wall street, there is a sense that progress is being 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 more than 4 . Earlier this week, the latest data showed Consumer Prices falli
In washington. Jim acosta has evening off. And we begin with Game Changing evidence in the Georgia Election interference of donald trump and his allies. Fulton county officials now have emails and Text Messages that directly connect members of trumps legal team to the breach of a Voting System in rural Coffee County. The new very many comes as fani willis prepared to present the case to a grand jury. She is expected to seek an indictment of more than a dozen people as early as tuesday. And that means this week a former u. S. President could be facing criminal charges in four u. S. Jurisdictions. We begin with Cnns Zachary Cohen who helped break this reporting. Zack, thank you for being with us. How significant is this new evidence that you all have uncovered that is lirnnking to e breach of the Voting System . Reporter these texts really do draw a direct line between members of trumps legal team an the breach if Coffee County, georgia. A rural republican heavy county, about 200 miles s
Its like an apocalypse. People are running for their lives. Wildfires, high wind, the danger we are looking at video in maui from raging wildfires on the island. Every single memory we had in that household, everything was gone in the blink of an eye. The most complete accounting yet can of the high life of Supreme Court Justice Clarence thomas shows much, much more than previously known. Its the idea that you are receiving gifts of this magnitude. Justice thomas has been living a life of extreme luxury for 30 years underwritten by at least four different ultra wealthy benefactors. Fulton County District attorney fani willis is expected to seek charges against more than a dozen people when she presents her case before a grand jury next week. Cnn has learned that willis received additional security protection. Its pathetic to think we have to have additional security because of a madeup fake narrative around an election. Its unfortunate and necessary. An Opposition Candidate in ecuadors