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
news. let s talk about what is going on with commodity prices. russia s invasion of ukraine 16 months ago saw the price of grain soar on world markets with the cost of wheat and maizejumping by almost a third. the wild price swings increased food bills for millions around the globe with poorer countries that rely on imported grain hit hardest. so how to ensure more stability in grain supplies and prices? the question has been top of the agenda for food and agriculture ministers and executives at an international grain conference here in london this week. the bbc s jagdip cheema was there. i met international grain conference in london, this event being attended by global agricultural ministers, leading trade bodies and the industry s biggest players, 60