From new york, heres the bbc s north America Business correspondent, michelle fleury. Stubborn inflation pushes back the timing of the first rate cut. The Us Federal Reserve voted to keep its Benchmark Lending Rate at a 23 year high on wednesday. Officials have said they want more certainty that inflation is under control before they Lower Borrowing costs. They do not have that yet. Here is chair, jerome powell, during his press conference. The economy has made considerable progress towards our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. W
Music the rise and rise of dua lipa well hear from her about her new album and Headlining Glastonbury this summer good morning. We have some heavy, thundery good morning. We have some heavy, Thundery Downpours across parts of southern Thundery Downpours across parts of Southern England and south wales. The driest Southern England and south wales. The driest and brightest conditions today the driest and brightest conditions today will the driest and brightest conditions today will be in the north and west and the today will be in the north and west and the low cloud and mist and the murkihess and the low cloud and mist and the Murkiness Across Eastern Areas is turning Murkiness Across Eastern Areas is turning back to the coast. I have the details turning back to the coast. I have the details later in the programme. Its thursday 2nd may. Our main story. Britains biggest Indoor Arena Co Op Live In Manchester Has postponed its opening yet again, and called off this weeks concerts by The Gr