A surge in the cost of fuel pushed up us Consumer Prices by 0. 6 , but if you strip out the volatile cost of food and fuel, the underlying rate was half that, coming in at 0. 3 . It could give Americas Central Bank some breathing room, encouraging the Federal Reserve to keep Interest Rates on hold next wednesday. Lets speak live to our north America Business correspondent, erin delmore. What do these figures tell us about the state of the us economy . Weill. The state of the us economy . Well, we are seeing the state of the us economy . Well, we are seeing the the state of the us economy . Well, we are seeing the second the state of the us economy . Vii we are seeing the second straight monthly rise in the Consumer Price index here, and that matters because the fed is meeting next week. This is in fact the last day dump they are going to get before they get together and everybody is holding their breath to see whether the fed will continue its campaign of Interest Rate rises or whether
however, the leaders are still at odds over taiwan. beijing considers it part of its territory while the us maintains unofficial relations with the democratically self governed island. biden updated apec leaders on the us s relationship with china on thursday. let me be clear. we re de risking and diversifying our economic relationship with the prc. not decoupling, not decoupling. we ll be firm standing up for our values and our interest. and i was very straightforward, as he was with me yesterday. at the same time, when critical global issues such as climate, ai, counter narcotics where it makes sense to work together, we ve committed to work together. we re going to continue our commitment to diplomacy to avoid surprises and prevent misunderstandings. the bbc s sumi somaskanda joins us now live from san francisco. you have been there covering this apec summit this week. what is the latest? this apec summit this week. what is the latest? there was another flurry what is t
would provide stability for the region and the whole world. the us and china agreed on resuming high level military communication and slowing the production of fentanyl, a synthetic opioid responsible for tens of thousands of drug overdose deaths in the us. however, the leaders are still at odds over taiwan with president xi calling it the biggest and most dangerous issue in bilateral ties. beijing considers it part of its territory, while the us maintains unofficial relations with taiwan as a democratically self governed island. for more on the apec summit, i spoke to chief presenter sumi somaskanda in san francisco. this really has been an all government approach, several members of the biden administration cabinet here working with chinese counterparts, the commerce secretary, the secretary of state, and also the us special climate envoy, john kerry, an important part of negotiations as well. president biden said, we want to make sure there is a level economic playing fi