here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a
expected sales in china, where a real estate collapse and rising youth unemployment is hitting demand for apple s gadgets. erin delmore reports. for apple, a big gadgets. erin delmore reports. forapple, a big highlight gadgets. erin delmore reports. for apple, a big highlight the first revenue growth in a year. they reported a 2% rise in overall fiscal first quarter sales, taking a year of declining sales. it s thanks to sales of the iphone 15 which hit stores in september. but a low light does make a decline in sales in china, to the tune of 13%. apple is missing out on one of its key markets. the world s second economy is grappling with a slowdown thanks to a property market crisis, slow growth and high unemployment a young people which is weighing on iphone sales and, increasingly, chinese consumers are opting for phones made by huawei which are powered by chips made in china. apple is on the verge of releasing its vision pro headset, meanwhile. this is apple s entry int
it will be mild. all the details later. it s thursday the 25th of january. our main story. the families of the victims of the nottingham attacks will find out today what sentence the killer will receive. valdo calocane stabbed university students grace o malley kumar and barnaby webber, both 19, before attacking 65 year old school caretaker ian coates. his guilty plea to manslaughter on the grounds of diminished responsibility was accepted by the court earlier this week. our reporter navtej johal has spoken exclusively to ian s family ahead of today s sentencing. stubborn. yeah. taught me to fish, but said i was absolutely rubbish. same. fishing, football, family. the things that ian coates loved most. he wasn t the one to constantly say i love you. but we felt that love in the family household. on the 13th ofjune last year, ian, a 65 year old caretaker, was taken from his family in a morning of horror in nottingham that left three people dead. they can t forget the moment th