Things like volatile food and energy prices, so called Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers a0 year highs, but it is still well above what the Federal Reserve thinks of as normal prices and with the overall trend heading in the right direction, policy makers, well, they may feel that they dont need to raise Interest Rates further. The us central bank, you may recall, raised its benchmark Interest Rate to more than 5. 25 percent, the highest level in 22 years, all in a bid to cool the economy and ease the pressures pushing up prices. So while its too early to say Mission Accomplished from the white house to wall street, there is a sense that progress is being made in the Worlds Largest economy. Chinas E Commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up more than 4 . Earlier this week, the latest data showed Consumer Prices falli
53 according to the latest Statement Released in the last hour from the maui county government. Joe biden has already issued a major disaster declaration and the governor has said it is the deadliest Natural Disaster for generations. Thousands have been forced to leave their homes and hospitals have been treating patients for burns and smoke inhalation. Nomia iqbal has this report. Much of the Hawaiian Island of maui is now scorched earth. A pilot can hardly believe what hes seeing. Oh, my gosh look at the harbour this looks like baghdad or something. The Historic Town of lahaina barely exists anymore. Since the fire began on tuesday, it has ripped through, fuelled by Hurricane Force winds, leaving burnt out cars on once busy streets and instead of historic buildings, there are Smoking Piles of rubble. Everybody still out here, its time to go for anyone still in the town, the message is clear get out. If anybody s still here, the fire is on front street and it is time to go this Satell
Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C
At a near standstill since the beginning of the year. The Bank Of England has raised the cost of borrowing 1a times since the end of 2021 to try and rein in soaring prices. That has weighed on the economy, but experts have warned the full effect of those Interest Rises has yet to be felt. Emma vardy reports from morecambe in the north of england. Rowing is a delicate art. A bit like managing economy. A year of slow growth, business is feeling the pressure from rising costs, means as no surprise that many are feeling cautious about their ambitions were branching out. We cautious about their ambitions were branching out. Were branching out. We have struggled were branching out. We have struggled to were branching out. We have struggled to try were branching out. We have struggled to try to were branching out. We have struggled to try to work were branching out. We have struggled to try to work out i were branching out. We have| struggled to try to work out a rationale for expanding. So w
Hi there, thank you for being with us. We begin with an ongoing tragedy in hawaii. At least 36 people have died in wildfires and President Joe Biden has issued a major Disaster Declaration. Hawaiis governor says it was the deadliest Natural Disaster for hawaii for generations and he expects the number of deaths to go up significantly. Thousands of people have been forced to leave their homes and hospitals are treating patients for burns and smoke inhalation. Our North America correspondent nomia iqbal has this report. Much of the Hawaiian Island of maui is now scorched earth. A pilot can hardly believe what hes seeing. Oh, my gosh, look at the harbour this looks like baghdad or something. The Historic Town of lahaina barely exists any more. Since the fire began on tuesday, it has ripped through, fuelled by Hurricane Force winds, leaving burnt out cars on once busy streets, and instead of historic buildings, there are Smoking Piles of rubble. Everybody still out here, its time to go for