to the federal reserve that the central bank is succeeding in its fight against inflation. let s get the latest on this with our north america business correspondent michelle fleury in new york. some relief after the roses that the inflation is coming down. it some relief after the roses that the inflation is coming down. inflation is coming down. it was the tenth month inflation is coming down. it was the tenth month in inflation is coming down. it was the tenth month in a inflation is coming down. it was the tenth month in a row inflation is coming down. it was the tenth month in a row that inflation is coming down. it was the tenth month in a row that inflationl tenth month in a row that inflation was slowing down and people are looking at it as a sign that perhaps the worst of the inflation crisis is behind us. the problem we have is that the battle is yet to be one because typically if you look at the federal reserve 2% target at 4.9%, we are behind that by a s
hello and welcome to our viewers joining us here in the united states and all around the world. you are watching cnn newsroom, and i m rosemary church. just ahead, russian warplanes accused of taking down the u.s. drone over the black sea. u.s. officials say it was reckless and unprofessional. we ll look at how moscow is responding ahead. and we re tracking two major coastal storms in the u.s. more flooding in california and a nor easter dumping snow on the east coast. plus, u.s. stocks appear to rebound following the collapse of silicon valley bank. this as federal authorities launch investigations into the bank s failure. live from cnn center, this cnn newsroom. with rosemary church. good to have you with us. well, russia is disputing a u.s. claim that one of its fighter jets hit a u.s. drone, forcing it to crash into the black sea near ukraine. the u.s. military says russian warplanes intercepted the american surveillance drone on tuesday, dumping fuel on it, a
hello, i m briana keilar in washington. right now wall street and main street are wondering if more dominoes will fall or if the biden administration s drastic action following the second largest bank failure in u.s. history will stave off a broader financial crisis. this morning president biden assured americans that their money is safe after the federal government takeover of silicon valley bank and the smaller signature bank. svb may be a new name for many people, but it was a go-to bang for the tech sector. high-pro-final companies like roku, etsy, and fitbit were clients. some had hundreds of millions of dollars tied up with svb. all those deposits are guaranteeduncle sam. all customers who had deposits in these banks can reassured they ll be protected, and they ll have access to their money as of today. no losses will be born by the taxpayers. instead, the money will come from the fees that banks pay into the deposit insurance fund. the management of these banks will
with a new currency, switching from the kuna to the euro. it s just ten years since croatia joined the eu. you are watching bbc news. i ll be back at the top of the hour. now it s time for review 2022. and one story that s led news bulletins in the uk throughout the last 12 months has been rising prices and their impact. victoria valentine, along with our team of economics and business correspondents, have been reflecting on the causes and consequences of the squeezed economy and the cost of living. when big ben brought in the new year, few of us would have expected the year that was to follow. remember, in 2022 we started off very much in the grip of a global pandemic. who would have thought that another worldwide story would dominate the news agenda? tonight at 10, we are live in ukraine, a country at war, after a huge russian military offensive by land, sea and air. prices quickly rose to their fastest rate in over a0 years, and inflation touched everything, from our house
with another new leader named by next friday. disbelief across the uk as downing street implodes in the middle of a soaring cost of living crisis. it just needs itjust needs stabilising, it needs sorting out and moving forward. because the rest of the country is in turmoil, isn t it? because the rest of the country is in turmoil, isn t it? breaking news out of the united in turmoil, isn t it? breaking news out of the united kingdom. - in turmoil, isn t it? breaking news| out of the united kingdom. after less than out of the united kingdom. after less than two months on the job. how much damage is all this political chaos doing to the uk s and coming up on the bbc news channel. for continuing coverage and analysis from a team of correspondents in the uk and around the world. good evening. liz truss has resigned after 44 days in office. she is now the shortest serving prime minister in british history. just 2a hours after she told mps defiantly that she was a fighter not a