and it has fallen pretty sharply from its peak of more than 9% injune of last year. it is a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers but it is also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he s facing re rlection next year and being able to control inflation without pushing the economy into a recession will be key if he want another four years in the white house. william lee is the milken institute chief economist and he says everyone is wondering whether this is a turning point. that is the ultimate question at the fomc and all the central banks around about asking themselves, has it peaked? a lot of the inflation decreases have come about because supply chain to become restored around th
yearago. i previous record more than a year ago. i spoke to a tribeca investment partner.- year ago. i spoke to a tribeca investment partner. heading to a aood investment partner. heading to a good start- investment partner. heading to a good start. the investment partner. heading to a good start. the optimism - investment partner. heading to a good start. the optimism hasi a good start. the optimism has returned after the first couple of weeks. investors have cited 2024 will be a year where interest rates will be lower globally. economic activities will slow down but not as badly as feared. all that combined, it s good to see asdaq pushing higher. it s good to see asdaq pushing hiaher. ~ ., ,., ., ., higher. we re hearing some good thins and higher. we re hearing some good things and some higher. we re hearing some good things and some lay-offs. - higher. we re hearing some good things and some lay-offs. i- higher. we re hearing some good things and some lay-offs. i
welcome. let me start with the situation welcome. let me start with the situation as we see it on the outlook situation as we see it on the outlook for the economy. the outlook for growth outlook for the economy. the outlook for growth and unemployment has improved~ for growth and unemployment has improved. six months ago we expected a shallow improved. six months ago we expected a shallow but long recession. since then energy prices have fallen substantially and economic activity is holding substantially and economic activity is holding up better than expected. so today is holding up better than expected. so today we forecast modest but not positive so today we forecast modest but not positive growth and a much smaller increase positive growth and a much smaller increase in positive growth and a much smaller increase in unemployment. we think inflation increase in unemployment. we think inflation will fall quite sharply over inflation will fall quite shar
An audit exit if this is put in charge of this years climate complement. And a look at whats happening in the front line town of soledar as russia and ukraine fight for control. Welcome to the programme. We start with the controversy in washington. The white house has confirmed that a second set of classified documents has been found in the garage of President Biden s home in delaware. Its thought the documents are linked to Barack Obamas time in the white house Whenjoe Biden was Vice President. And in the last half hour, us Attorney General Merrick Garland announced the appointment of Special Counsel to investigate joe biden s handling of the documents. This Appointment Underscores for the public the departments commitment to independence and accountability in particularly sensitive matters and to Making Decisions guided only by the facts and the law. Heres what the us president told reporters a little earlier. As i said earlier this week, and by the way my corvette in a locked garage