A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Economic Activity and inflation and economic and financial developments. We will make that determination. Meeting by meeting. The rate rises have slowed Economic Growth in the United States by making it more expensive to borrow money. And inflation is starting to come down. But there have been some unexpected Knock On Effects of the rate hikes. They played a part in the Banking Crisis where three banks
move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily high. to try and get the cost of living back down to more normal levels the federal reserve, america s central bank, has raised interest rates ten times in a little over a year, and now it seems it may be ready to perhaps take a pause. the committee perhaps take a pause. the committee will perhaps take a pause. the committee will take - perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the legs tightening of monetary policy, the legs with which it lacks inflation and economic and financial inflation and economic and financial developments. the legs financial developments. the legs we financial developments. the legs. we will make that determination meeting by meeting. determination meeting by meetinu . ., de
a move that was expected. the current cost of borrowing now sits at five to 5.25%, the highest in 16 years. but is the fed finally done with rate hikes? the bbc s samira hussain reports from new york. inflation remains stubbornly high to try and get the cost of living back down to more normal levels. the federal reserve, america s central bank, has raised interest rates ten times in a little over a year. and now it seems it may be ready to perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments. we will make that determination. meeting by meeting. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money. and inflation is starting to come down. but there have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis where thr
or i have had phone calls from people who have been harrassed by doorstep moneylenders, and all of the awful ways that they get money back, so it is done just to stop that, just to make sure that the prom is inclusive and everybody can go. last year, they helped almost 500 people with dresses. this year, they hope to help even more. hello. i am alice with the catch up. tonight, a drone attack attempt in russia. can big sam save leeds, and love island star in cancer scare. at first, climate change could dramatically reduce life in the deepest parts of our oceans for the rich by sunlight. scientists are warning that life in them could be reduced by as much as 40% by the end of
of the awful ways that they get money back, so it is donejust to stop that, just to make sure that the prom is inclusive and everybody can go. last year they helped almost 500 people with dresses. this year, they hope to help even more. hi there. i m ellis with the catchup. tonight, a drone attack attempt in russia. can big sam save leeds and love island star in cancer scare? but first, climate change could dramatically reduce life in the deepest parts of our oceans that are reached by sunlight. scientists are warning that life in them could be reduced by as much as 40% by the end of the century. some other stories now.