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
there was not a rate cut this year there was not a rate cut this year nor there was not a rate cut this year nor is there was not a rate cut this year nor is it likely to be appropriate if you think about it. inflation has not moved down it. inflation has not moved down and it is not reacted much to our down and it is not reacted much to our interview existing rate hikes to our interview existing rate hikes so to our interview existing rate hikes so we have to keep at it. most officials think two more rate hikes are needed this year, starting perhaps as early as next month. wednesday s decision ushers in a new phase in the fed s battle to lower prices and follows a path carved out by central banks in countries such as australia and canada, which recently announced rate hikes following a break. the latest decision by america s central bank comes at a time when inflation is slowing but not as quickly as the federal reserve wants. earlier, i spoke with blerina uruci o
between the voting systems firm dominion and fox news. star hosts tucker carlson and sean hannity are also expected to take the stand. more on all of those stories in a few minutes. first, a full round up from the bbc sport centre. hello. day four of the world snooker championship is well under way with two england vs scotland battles under way in the afternoon session. john higgins is leading david grace 10 7, and england sjudd trump is taking on anthony mcgill, where he s leading at the crucible. let s take you straight there. that is anthony mcgill at the table, a ropey start but he came from two frames down to level at 2 2. however, trump has fought back and took the fifth frame, which means he is now leading 3 2. don t forget, judd trump was last year s finals, eventually it was until ronnie o sullivan. mcgill has only beaten judd trump winds in his career. security of course stepped up at the crucible after last night s protest, uninterrupted coverage on bbc iplayer, th
germany s public transport network will be at a near stand still today as two of the country s largest unions strike in an ongoing dispute over pay. workers walked out shortly after midnight for 2h hours. two of the country s largest unions which are demanding significant pay rises for their workers want to increase the pressure on employers ahead of another round of negotiations. there ll be all but no trains, planes or ferries in operation after workers walked out, and motorists have been warned that staff who maintain motorways and repair road damage after accidents are also on strike. damage after accidents let s are also on strike. talk about the impact of all let s talk about the impact of all of this. joining me now is christian schulz, deputy chief european economist at citi. they seem huge. what sort of impact will the strikes today across germany? impact will the strikes today across germany? well, good morning- across germany? well, good morning. everything
which are demanding significant pay rises for their workers, want to increase the pressure on employers ahead of another round of negotiations. let s get more on that. with me now is michael field, european market strategist at morningstar. thanks forjoining us. this is a battle that we are seeing play out in many countries dealing with cost of living crises. zoning in on germany, talk to us about what circumstances the transport workers are fighting. i circumstances the transport workers are fiaahtin. ~ , ., , circumstances the transport workers are fighting- are fighting. i think in germany you have not are fighting. i think in germany you have got two are fighting. i think in germany you have got two specific are fighting. i think in germany you have got two specific things - are fighting. i think in germany you have got two specific things going l have got two specific things going on, one is that inflation, like in other parts of the eurozone is still persistently h