the us central bank announces the biggest rise in us interest rates in nearly 30 years, to combat surging inflation. and, spain, southern france, and parts of italy swelter through an extreme heatwave. authorities are warning of water shortages. welcome to our viewers on pbs in america and around the globe. new us aid for ukraine, worth a billion dollars, has been announced by president biden. it includes additional artillery and coastal defence weapons, as well as ammunition for artillery and advanced rocket systems. new pledges came from nato members who met in brussels. the us defence secretary said he will move heaven and earth to ensure ukraine gets the weapons it needs to combat russia s invasion. here s a little of what lloyd austin had to say. we can t afford to let up, and we can t lose steam. the stakes are too high. ukraine is facing a pivotal moment on the battlefield. and we re seeing what president zelensky warned us about. after failing to take kyiv and reasses
they are not eating well. the us central bank announces the biggest rise in us interest rates in nearly 30 years to combat surging inflation. and spain, southern france, and parts of italy swelter through an extreme heatwave. authorities are warning of water shortages. hello and welcome to the programmable to have you with us. new us aid for ukraine worth a billion dollars has been announced by president biden. it includes additional artillery and coastal defence weapons, as well as ammunition for artillery and advanced rocket systems. new pledges came from nato members who met in brussels, the us defence secretary said he will move heaven and earth to ensure ukraine gets the weapons it needs to combat russia s invasion. here s a little of what lloyd austin had to say. we can t afford to let up, and we can t lose steam. the stakes are too high. ukraine is facing a pivotal moment on the battlefield. and we re seeing what president zelensky warned us about. after failing to tak
up there for a little while. this is bbc news. our main story: the us announces a further $1 billion in military aid for kyiv and urges allies to provide more weapons to help ukraine battle russian forces. the us central bank has announced a rise in interest rates of three quarters of a percentage point the largest since 1994. the federal reserve is trying to curb inflation which reached an annual rate of more than 8.5% last month. nina trentmann, bureau chief at the wall streetjournal, joins us now from new york. good to see you. it is the biggest interest rate rise in nearly 30 years. why now was yellow well, you just mentioned it, basically because of recent inflation figures that came out
the us central bank announces the biggest rise in us interest rates in nearly 30 years, to combat surging inflation. and, spain, southern france, and parts of italy swelter through an extreme heatwave. authorities are warning of water shortages. welcome to our viewers on pbs in america and around the globe. new us aid for ukraine, worth a billion dollars, has been announced by president biden. it includes additional artillery and coastal defence weapons, as well as ammunition for artillery and advanced rocket systems. new pledges came from nato members who met in brussels. the us defence secretary said he will move heaven and earth to ensure ukraine gets the weapons it needs to combat russia s invasion. here s a little of what lloyd austin had to say.
on friday. inflation figures that came out on friday- inflation figures that came out on frida .j~ ~ ., . on friday. 8.6 four may, which is an increase on friday. 8.6 four may, which is an increase from on friday. 8.6 four may, which is an increase from 8.3 - on friday. 8.6 four may, which is an increase from 8.3 in - is an increase from 8.3 in april, similar to what we saw in march. i think wejust april, similar to what we saw in march. i think we just saw in march. i think we just saw in recent days there was this momentum building up in the markets and among market participants and also then federal reserve officials are saying, well, 0k, federal reserve officials are saying, well, ok, maybe we should wait untiljuly to increase rates by that much, but we should do it now, given that the fed also faces criticism of having waited too long before it started raising rates and wound down is quantitative easing programmes that were launched in the pandemic to help the economy. now, o