a move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily high. to try and get the cost of living back down to more normal levels the federal reserve, america s 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 legs with which it lacks 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 they have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis, where three banks collapsed in less than two months. so far, the fed has been
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, america s 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 thr
that is the edward waters university, triple threat. just down the track from us, we can hear them but can t see them but we are glad they are here and we are psyched to be here as well. daytona 500 hearing today on fox 2:30 p.m. eastern, you can see there s a few vehicles traversing the track, will had a chance to drive on it, i have, the great american race for a reason. two and a half miles around the track, 200 lots, daytona 500 on behalf of will kane and rachel fox & friends weekend, we are psyched to be here. it s been an amazing weekend. the thing they showed before the kings, did you see that? baby jesus, usually baby jesus is inside the cake, coming up on that tuesday and that was brought to us a while ago, joey was still an and joey said why is the kid in the cake? that was the baby jesus we explained and assumed like the boys had to look that up as well. they did, they googled it. they got it right eventually. people learn a lot of things live on fox
be able to have them. you can t tip them on the credit card, it s 2023, why can t i put a tip on my credit card? because the workers at this store decided that they want to be unionized. i was struck today to see the photo of the line to get into this hearing. most hearings happen, there s not a huge thing. this was an enormous time. highly consequential. thanks as always. thank you to you at home for joining us this hour. this is the ukrainian city of bakhmut, or what is left of it. prior to russia s invasion last year, it was a small, relatively unremarkable city of about 75,000 people. it is now one of the most important cities in the war. for seven straight months, ukrainian forces have held back move while being attacked by russian forces from three different directions. it s the longest continual battle of the war so far, and thought to be europe s deadliest land battle since world war ii. western intelligence agencies said that russia has taken 20 to 30,000 cas
vietnam that s, you couldn t ask for anything and you better. fulfilling a marine motto, always faithful. harry smith, nbc news, florida. my dad who served in that called me this morning, and ask me to acknowledge this day, and i m grateful that we are. because we are grateful today, and every day for the service and sacrifice of our military and their families. on that note, i wish you all a very good night from washington d.c.. from all our colleagues across the networks of nbc, thank you for staying up, i will see you at the end of tomorrow. at the end of tomo thanks to r joining us this, hour i m ali velshi in for alex tonight. this is the ukrainian city of bakhmut, or what is left of it anyway. prior to russia s invasion last year, but was a small relatively unremarkable city of about 75,000 people. now it is one of the most important cities in the war. for seven straight months, ukrainian forces have held back move while being attacked by russian forces from th