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
probably made the right decision. and coming up on bbc news, two of european football s heavyweights, france and belgium, go head to head at the euros with kick off this afternoon in dusseldorf. good afternoon and welcome to the bbc news at one. a head teacher convicted of grooming and sexually abusing four girls has been sentenced to 17 years in prison. neil foden was the head of one school in bangor in north wales, and strategic head of another. he d been a well known and well respected figure in the local community before his offending was exposed. made a superhead in 2021, headteacher neil foden was a regular on the tv and radio news. none of us know for certain exactly how their work is going to be assessed. but in september last year, he was arrested after a girl came forward with allegations of sexual abuse. her evidence would prove pivotal. because she was quite involved with the defendant, she had a lot of evidence to give, not only in terms of her own account, but a
I think in a sense we . Re probably at the point of near failure. The Llyn Peninsula in north wales. Its eight oclock in the morning, and home carer amanda is beginning her working day. Her first call is in pwllheli. Good morning have you got your bleeper on . My bleeper, why . What bleeping time do you call this . Amandas one of the uks 800,000 Home Care Workers, helping the elderly and disabled live independent lives at home. Today, shes with former Teacher William williams, who has multiple sclerosis. Its just nice knowing that i could go out there and help other people and make sure that theyre safe in their own home, and that they can actually stay home, and live at home in their own house, and dont have to go into care or anything like that. Im 72, remember. I havent got much time left we have many years to go again the girls, i have to admit, are terrific. Absolutely terrific. Theyre caring, theyre understanding and theyre full of fun. Like many carers, amanda struggles to make
Of key workers and volunteers are awarded in the delayed queens birthday honours. And england and Manchester United footballer Marcus Rashford gets an mbe for his work on Free School Meals and says hell keep campaigning. And polish teenager iga swiatek completes a stunning rise by becoming the lowest ranked woman to win the french open. Good evening and welcome to bbc news. Local leaders in the north of england say the financial help being offered by the government isnt enough to protect their communities from hardship as parts of the country face tighter covid 19 rules from next week. At a press conference of labour mayors, andy burnham whos mayor of Greater Manchester said many businesses in the north were already on a knife edge. The government is due to announce a tiered system of restrictions on monday, with areas facing different rules depending on how quickly cases are spreading. Our Political Correspondent chris mason reports. Eating out in 2020 hasnt been straightforward. Work