sometimes there is an economic crisis because of all the events that cannot be predicted. this is self inflicted in downing street with backbenchers last week. humiliated, abused and isolated for weeks patients put at risk due to a toxic culture at one of the uk s biggest mental health hospitals, bbc panorama reveals. health officials are urging those eligible to get their flu jabs and covid boosters. experts have warned of a big, and early wave of the flu this autumn. millions of people in florida preparing for life threatening storms and there will be high winds and flooding at hurricane ian approaching. the bank of england has stepped in to prop up the government bond market, after uk interest rates soared, and gilts tumbled, following the government s mini budget. the bank warned the market s reaction to the government s measures now represented a material risk to uk financial stability . it says the market for gilts, in which the british government borrows, has beco
spenders, let them know, almost $2 trillion in deficit reduction. i don t want to hear anymore of these lies are reckless spending. we re changing peoples lives. maria: our lives are certainly changing. coming up former secretary of state mike pompeo on the number one threat to today and the mistakes that got us here from foreign policy to economics. as joe biden claims it is bizarre to blame him even as the president s approval rating plummets with key voting blocks abandoning him, minorities, independents and business. these are treacherous times. frankly the lack of leadership in washington is discouraging. for the president of the united states not once, not once, say i made a mistake, this is my fault, if you look every single thing that happened negative, the devil made me do it or somebody else. when is he going to show leadership including belly-up to the bar say this one s on me? maria: coming up the former president of the kansas city federal reserve, tom hoenig a
spenders, let them know, almost $2 trillion in deficit reduction. i don t want to hear anymore of these lies are reckless spending. we re changing peoples lives. maria: our lives are certainly changing. coming up former secretary of state mike pompeo on the number one threat to today and the mistakes that got us here from foreign policy to economics. as joe biden claims it is bizarre to blame him even as the president s approval rating plummets with key voting blocks abandoning him, minorities, independents and business. these are treacherous times. frankly the lack of leadership in washington is discouraging. for the president of the united states not once, not once, say i made a mistake, this is my fault, if you look every single thing that happened negative, the devil made me do it or somebody else. when is he going to show leadership including belly-up to the bar say this one s on me? maria: coming up the former president of the kansas city federal reserve, tom hoenig a
the cpi numbers earlier. while the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. it s at 4.3%. and that s illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. the federal reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see? exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase borrowing costs which, in essence, has similar effects raising interest rates. as far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. dimitri, how have consumers and businesses really responded to the rising c
shelter and housing. and particularly you mentioned the cpi numbers earlier. while the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. it s at 4.3%. and that s illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. the federal reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see? exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase borrowing costs which, in essence, has similar effects to raising interest rates. as far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. dimitri, how have co