A lot of the inflation, if you look at it in the us, is really coming from shelter and housing. And particularly you mentioned the cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase Borrowing Costs which, in essence, has similar effects raising interest rates. As far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week
For talking about the eclipse with us. Thank you all for for joining us tonight. Seen a news night with abby phillip starts right now why donald trump is nothing like Nelson Mandela. Thats tonight on these lines good evening. Im abby phillip in new york tonight donald trump comparison that crumbles when confronted with common sense the former president believes he is being persecuted by prosecutors. And for that reason, hes claiming that there are similarities between Nelson Mandelas plight and his own. Trump wrote this on truth, social if this partisan hack wants to put me in the clink for speaking, the open and obvious truth. I will gladly become a modernday Nelson Mandela. Well, for starters, im really not sure anyone has asked that of him, but you might also recall that this is not the first time that trump has made this very comparison. They hound them and they scare them and theyve, but we dont get scared. We dont get scared. Ill tell you what i dont mind being. Nelson mandela, b
volatile fuel and energy prices and the numbers remain higher things to persistently high housing costs. combating inflation, higher interest rates make it more expensive to borrow money and that is supposed to attempt on spending which should pay runaway prices. president biden prays the data is good news and called on corporations to pass savings on to consumers and press return to normal, that means hoarding interest rates steady and as of the expected to do on wednesday. what investors really want to know is when they think will be time to cut rates and will almost never wait and hope for next year. there will almost have to wait and cut for next year. and china, the economy is calling for the deflation as prices and deepening property crisis, credit ratings agencies been, rivalagencies crisis, credit ratings agencies been, rival agencies fit and also the credit rating of the lawmakers flirted with the default as they wrestled over nation debt limit. chief asia economi
individual neutral athletes, no flags, no anthems to connect them to those countries of the olympics. they have the support of the sports federations and the athletes but this would be a huge controversial decision in ukraine has been adamant that no russian or belarusian to compete in along with those countries that support ukraine against russian and belarusian participants in the olympics and includes the usa and great britain. they re very unhappy with the conditions with which left to compete and they said the restrictions were humiliating and as for those sports, some who have not supported the ioc, the biggest sport in the athletics has been absolutely firm that they will not move or allow any russians belarusians to compete while the war in ukraine continues. the women s super league returns to england this weekend after the international break and ahead of their match against arsenal on sunday, the chelsea manager, emma hayes, has said women in football are routine
instability in the west bank does not continue. that includes making sure that extremist settler violence stops. we as you know if they can steps this week in the united states to impose visa restrictions on it responsible individuals and necessary it will take further action but we have seen some progress there. what more needs to be done to ensure that this extremist violence ends. finally on gaza, it s very important that even as we are focused on what s happening day in, day out, that we are also not only thinking about but working on what comes next up is eagerly building a foundation for a durable peace and durable security. tomorrow we will have a chance to welcome colleagues from around the region here in washington, from the arab league in the organisation of islamic cooperation and i look forward to attending those discussions with them. we had a chance to discuss our approach to the people s republic of china. we are aligned on key challenges that we face in the in