Democrats capitalism versus socialism. Now, none of democratic president ial candidates have embraced true socialism as a platform. They support capitalism, but say that system is not working as it should. In 2016, that was thencandidate Donald Trumps message. He appealed to voters by saying they were left out of Economic Growth in america. So what economic message will resonate with voters . Bruce mehlman produces a Quarterly Report on the Political Climate of the country. Its so nice to see you again. Bruce thanks for having me back. Soledad 2020 in a word. Whats it going to be about, do you think . Bruce more than anything else, i think its the economy. If the economy stays strong, the president s prou gback and lookn american history, no president who has avoided a recession in the two years prior to and then theres an asterisk, right, which is if you actually they dont feel like the economys good. Even people who you would say are solidly middle class dont feel like its all going
Pain it also causes. The background to this is high inflation, we have a sequencing that Around The World, particularly sticky, or at least has been here in the uk. That is why the bank has been increasing Interest Rates to try and curb the spending and get that Inflation Rate down. Should they continue to do that today, on the one hand, we have an Inflation Rate in the uk that has been easing a little, and when you dig into some of the details, to look at Producer Price inflation, thatis look at Producer Price inflation, that is further down the supply chain, that is the price is that manufacturers and factories might be paying, suggestions are it could be coming down quite significantly now. On the other hand, headline inflation, 7. 9 , still four times the Bank Of Englands 2 target. When you strip out energy and food, which can be equally volatile core inflation, they are still not falling by enough, wage growth remains quite high as well, and then there are wage comparisons, and in
the united states where inflation remains stubbornly high. it still a problem for the world s biggest economy and that s because in the last hour or so we ve had the latest number of key measure of the central banks follows closely which is the personal consumption expenditures. it excludes volatile food and energy prices. as you can see, pc came in at an annualised rate of 4.6% in march which will maintain the pressure on the fed to increase interest rates when it meets next week. let s pick up with our correspondent in new york. just give us a bit more, what does it tell us about the health of the economy in america? it says those price increases that americans have been facing for many months now continue. that inflation number is starting to come down but inflation is still running much higher than the federal reserve s ideal target of somewhere around 2%. what it also shows is that despite the measures the us federal reserve is taking to try and cool down the us economy
meanwhile, an attack on ukraine s zaporizhzhia region leaves at least 23 people dead. a mounting death toll in florida after hurricane ian, president biden says it could be deadliest storm ever to hit the state. and saying good bye to sammy the story of a retiring guide dog good afternoon. welcome to bbc news. let us go back to moscow, where we have been listening to president vladimir putin officially, in his view, agreeing to the annexation and signing in the annexation of four regions of ukraine. this follows so called referendums that have been held in those four regions. in the east were talking about dunne esque in law hunts, donetsk and lou hanscombe dott. luhansk, hanscombe dott. lu ha nsk, zaporizhzhia. hanscombe dott. luhansk, zaporizhzhia. these areas supposedly wanting to rejoin russia. i think we might have some pictures of these signing ceremony, which took place in the kremlin in front of members of president putin s government. as you can see there, a