historical rate hiking campaign hours the time to take a break and give the time to adjust to its actions that have pushed up the cost of borrowing for things like mortgages, business loans, and credit cards. the decision left the fed s benchmark at between 5% and 525%. for companies and consumers alike the pain may not be over. as fed chair jerome powell meekly during his press conference, with us inflation running above the bank s 2% target its job is not yet done. i bank s 2% target its “ob is not et done. ~ . , bank s 296 target its “ob is not yet amt yet done. i think, as anyone can see. yet done. i think, as anyone can see. not yet done. i think, as anyone can see, not a yet done. i think, as anyone can see, not a single - yet done. i think, as anyone j can see, not a single person yet done. i think, as anyone i can see, not a single person on the committee wrote down a rate cut this year. nor is it likely to be appropriate, if you think about it, inflation ha
surged 10% last year to $150 billlion. they have moved to reduce reliance on the us dollar by setting up payment clearing in the chinese currency, the yuan. former brazilian president dilma rousseff is to be sworn in today as head of the new development bank a rival to the world bank and imf set by by the so called brics countries of brazil, russia, india, china and south africa. let s speak now to william jackson, who is emerging market economist at capital economics. xi has been signalling the post covid reopening of china by hosting a series of world leaders. what can we read into the fact that brazil s leader has been among the first? you are absolutely right. as china moves into its postcode environment it seems to be wanting to spread its international wings. we have seen talks between saudi arabia and iran recently, and now we have cordial words with president lula, hayes and china at the moment. there is a big political angle to this, to find a way to cement relatio
scotland s first minister nicola sturgeon has blamed westminster for the cost of living crisis and renewed her pledge to achieve scottish independence scotla nd scotland has got what it takes to be a successful, independent country. it has it in abundance. never let anyone tell us otherwise. a nurse pleads not guilty to murdering 7 babies and attempting to murder ten others as her trial begins in manchester. a new ticketmaster pricing system, which alters the price of tickets based on demand, is being criticised by both fans and industry experts. russia has carried out a series of missile strikes on cities across ukraine, in the most widespread bombardment since the early weeks of the war. the capital city of kyiv has been targeted for the first time in months. and there have been explosions in other cities including lviv, dnipro, kharkiv and zaporizhzhia. ukraine says at least 11 people were killed and 64 injured in the attacks. vladimir putin says the strikes are moscow s
tonight on all in, we are going to be leading a revolution in congress. joe biden and his family will be a top target. two weeks from election day, the very real concerns of economic disaster if the radical right gains control of government. then, every day, i m dedicating to settle my resources, just to give people confidence that they can cast a vote safely. that is absurd. a share of a maricopa county is pushing back on voter intimidation in arizona, and he joins me live. plus, john rolston on the anti-democratic forces taking over elections in nevada, and why a new nepotism scandal has a certain fox news host lashing out at reporters. all in starts right now. good evening from new york, i m chris hayes. midterms usually favor the out of power party. big reason is that whatever problems there are at the time in the country, in the country that you re in, people go to the polls and it s easy to blame the party with control of government for it. it s almost a l