clean up the aviation industry? we get airborne to find out. we start in the us where the central bank has raised the cost of borrowing to its highest level in m years as it tries to rein in soaring prices. the federal reserve hiked its benchmark rate by three quarters of a percentage point to a range of between 3% and 3.75%. the feds chair, jerome powell, warned there were more rises to come, but said there is no painless way to get inflation under control. households and businesses here in the uk are also braced for more expensive borrowing with the bank of england widely expected to announce a hefty rate rise in the next few hours. more on that in a moment. first, let s hearfrom our us business correspondent michelle fleury in new york. the message from the federal reserve unmistakable, we are here to fight inflation, this is the first time us central bank has raised interest rates and smudged in response to prices rising at the fastest pace for four decades, prices r
officials at the united state s central bank think inflation is going to remain uncomfortably high in america for some time. that s according to the minutes of the last fed meeting where monetary policy is set. the bbc s north america business correspondent samira hussain reports. if anyone thought most recent price hike which showed no inflation injuly was the new normal the federal reserve is here to tell you otherwise. the latest minute shows that the committee that sets monetary policy in the us was unanimous that prices are going to keep going up for months to come. that means everyone should expect more interest rate rises as well. the committee height interest rates by three quarters of a percentage point last month, another rate hike in september seems almost certain. the only question is by how much? the minutes show at least some on the committee thank that their efforts to tame inflation may be starting to have some effect. based on the market response that has
President biden yesterday confirmed 14 americans have been killed, others are still being held hostage, a state Department Spokesperson said this morning that, the u. S. Expects american death toll to increase the chapter black lives matter facing backlash posting a silhouette of a parachuteer with i stand with plas yooin beneath writing that is all that is it. The post referencing Hamas Terrorists who glided into israel, carried out shock attack on israel a noncartoons appearing to blame israel for tax joe, your chots. Joe black lives matter should be ashame National Group should be condemning this the fact that sick illustration of a paraglider we saw Music Festival how that entered why young people celebrating then mowed down, the fact American Organization is celebrating this somehow, i cant put into words. Suspect legacy media you cover have many years you watch and this msnbc, cnn, people attacked israel, blaming israel this is unprovoked attack, on israel. Correct i saw one pale
After last months massive solar flare added a 25th hour to the day, businesses are wondering what should we do with it . Im thinking company wide power nap. [ employees snoring ] anything can change the world of work. From hr to payroll, adp designs for the next anything. Maria good wednesday morning, everyone. Thanks so much for joining us this morning. Im maria bartiromo. It is wips, may 1st. We have breaking news, 8 a. M. On the east coast. Antiisrael demonstrations on College Campuses nationwide making it more difficult for incoming students and their parents to choose a school for the next school year right ahead of graduation. Madison alworth live outside Columbia University this morning with the very latest. Madison, good morning being. Reporter good morning, maria. Yes, today is may 1st which is College Decision day. Millions of High School Seniors are waking up around the country deciding where they will spend the next four years and a whole lot of money. But they are the also
York city, this is Maria Bartiromo wall street. Happy weekend all welcome to the program that analyzes the week that was in position to for the week ahead i am Maria Bartiromo. Hunter biden indicted on gun charges as House Oversight Committee Chairman james kromer ramps up the impeachment inquiry against President Biden targeting hunter in james bidens personal and bank records also planning for a first hearing sometime later this month democrats are still denying President Biden had any connection to his sons shady business deals. This impeachment effort is a political effort there is no evidence to back it up. There is 0 evidence of any malfeasance on part of president joe biden. President biden did not do anything wrong. Is a three ring circus, ring one shut down the government, ring two impeach positive biden. Ring three, gm your extreme right wing ideology down the throats of American People. Maria House Freedom caucus chairman and the member of the House Oversight committee congr