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life. how are democrats responding? biden cabinet secretary pete buttigieg and congresswoman alexandra ocasio-cortez join me next. and holding court. as republicans celebrate conservative rulings, trump takes credit. is that enough to make voters overlook their concerns? he s getting cornered. we need leaders that are willing to be bold, that are going to be honest. republicans candidates chris christie and will hurd join me to respond in moments. plus, justice for whom. new attacks from top gop candidates on minority rights. instead of taking children to church, they believe in taking children to drag shows. but are they out of step with voters? our political panel will discuss. hello. i m dana bash in washington, where the state of our union is divided, 6-3. key decisions by the supreme court this week once again upended american life, with a trio of sweeping rulings that divided americans and moved the country to the right, prompting far-reaching consequenc
move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily high. to try and get the cost of living back down to more normal levels the federal reserve, america s central bank, has raised interest rates ten times in a little over a year, and now it seems it may be ready to perhaps take a pause. the committee perhaps take a pause. the committee will perhaps take a pause. the committee will take - perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the legs tightening of monetary policy, the legs with which it lacks inflation and economic and financial inflation and economic and financial developments. the legs financial developments. the legs we financial developments. the legs. we will make that determination meeting by meeting. determination meeting by meetinu . ., de
a move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily high. to try and get the cost of living back down to more normal levels the federal reserve, america s central bank, has raised interest rates ten times in a little over a year, and now it seems it may be ready to perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the legs with which it lacks inflation and economic and financial developments. we will make that determination meeting by meeting. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money and inflation is starting to come down, but they have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis, where three banks collapsed in less than two months. so far, the fed has been
let s start in the us where inflation has been falling for the 7th month in a row. the rate forjanuary stands at 6.4% down from a peak of 9.1% injune last year. but the latest report from the us labor department also showed the pace of that slowdown is starting to ease. the bbc s north america correspondent michelle fleury reports from new york. inflation has been coming down on an annual basis. that s the good news. the bad news on a monthly basis, prices for consumer goods actually rose at the start of 2023, despite an aggressive campaign by america s central bank to bring it down. the consumer price index was up 0.5% injanuary, compared to a revised 0.1% increase in december. the cost of housing was to blame for more than half of the increase. higher food and energy prices also contributed. the stronger than expected report, coupled with a tight labour market, could force america s central bank to raise interest rates more than anticipated. and that certainly spooked i
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