hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straight on
right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. spell, likewise on wall street on wednesday. still staying on the topic of interest rates, it s going to be a busy day for monetary policymakers here in southeast as
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it s a scandal which has been years in the making and which made criminals of hundreds of innocent men and women across the uk but now it seems the post office horizon software cases could finally be resolved. a faulty it systems are just a money was being stolen. despite the truth coming a faulty it systems are just a money was being stolen. despite the truth coming to a faulty it systems are just a money was being stolen. despite the truth coming to light a faulty it systems are just a money was being stolen. despite the truth coming to light several a faulty it systems are just a money was being stolen. despite the truth coming to light several years a faulty it systems are just a money was being stolen. despite the truth coming to light several years ago many have not yet been exonerated or had compensation paid. the issue came to the fore again in the last week after a story was dramatised on tv and today at prime minister s questions, rishi sunak, and as the governm