The Federal Reserve is widely expected to trim Interest Rates today for the First Time Since 2008. The only question is by how much. Some believe in a 50 basis point cut, as fed Chairmanjerome Powell has voiced growing concerns about the us economy. Especially inflation, which has remained stubbornly below the feds 2 target, despite unemployment being at the lowest in nearly 50 years. But lately a majority of economists seem to favour a 25 point cut, with another one following in the coming months. And maybe as many as three next year. So why cut at all . Lowering borrowing rates makes it easier for businesses to get loans to invest in new projects, and for consumers to buy homes, cars and other items, which creates demand that keeps the economy humming. Michelle fleury reports from washington. Jerome powell was Donald Trumps pick to run americas central bank, yet he frequently berates him. We dont have a fad that knows what theyre doing. The Federal Reserve raise the rates to fast. He
The pound drops further. Financial markets think a no deal brexit is increasingly likely, sending the pound close to its lowest in 30 years. Good morning. Yesterday some torrential thundery downpours lead torrential thundery downpours lead to some flash flooding in parts of yorkshire. Today we could see some more of that as we continue with some heavy, thundery downpours. The drier across some southern and south western areas. I will have more in 15 minutes. The latest uk climate data has revealed that the ten hottest years on record have all taken place since 2002. Analysis of temperature records dating back to 1884 also reveals that none of the ten coldest years have occurred since 1963. Scientists say the report underlines how much the uk has been affected by Climate Change, as our science editor David Shukman explains. Temperatures so low, the sea off kent actually froze. This was back in 1963, one of the chilliest years experienced in britain over the last century. But what is sig
Car industry plummets, as companies spend heavily on preparations for a no deal brexit. Britains ten hottest days on record have all taken place since 2002. Scientists say its a clear sign of Climate Change. And at 9 40, we speak to World Champion swimmer adam peaty after he claims his third gold medal at the world aquatics championships. Good morning, and welcome to the bbc news at 9 00am. Mps have called on the new Prime Minister to take personal responsibility for tackling knife and gun crime among young people. They say schools in areas with a higher risk of Youth Violence should be given dedicated Police Officers. The Home Affairs Committee criticised the governments current Violence Reduction strategy as completely inadequate in its report, the committee called for more investment into Neighbourhood Policing including a commitment to get a Police Officer into all schools in areas with an above average risk of serious Youth Violence by april 2020. Our Home Affairs Correspondent da
To talk about brexit, and to help efforts to restore the power sharing government. Well be live at stormont. He was falsely accused of being part of a vip paedophile ring. His home was raided by police, and now the former mp Harvey Proctor wants an independent inquiry into the way police handled false allegations made by carl beech. I am frequently tortured by the realisation that had mr beech been successful in his scheme to pervert the course ofjustice, i would have been imprisoned until my death. Well be talking to mr proctor about the impact the false accusations had on his life. The top ten warmest years on record in the uk have all occurred since 2002, according to the met office. What can we do to stop Climate Change . Well, prince harry says he and meghan will help by only having two children. Hes also said that many people have unconscious bias about skin colour and that racism is passed down through generations. Hello, welcome to the programme. Were live until 11 00am this mo