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hovering around 2%. right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5%. but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may, the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. the nikki index is trading flat as japanese investors look at what happened on wall street overnight aftermarket sales for a third straig ....
right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. spell, likewise on wall street on wednesday. still staying on the topic of interest rates, it s going to be a busy day for monetary policymakers here in southe ....
remains elusive. the federal reserve likes to keep inflation hovering around 2%. right now it sits somewhere around 4%. that certainly better than where it was last year. somewhere above 8% for that but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in interest rate hikes seem pretty likel . ., interest rate hikes seem pretty likel . . ., likely. in made the 12 month chance likely. in made the 12 month change in likely. in made the 12 month change in the likely. in made the 12 month change in the cpi likely. in made the 12 month change in the cpi came - likely. in made the 12 month change in the cpi came in i likely. in made the 12 month change in the cpi came in at| change in the cpi came in at 4-~0% change in the cpi came in at 4-~0%and change in the cpi came in at 4 .0% and the change in the core 4 .0% and the change in the core cpi 4 .0% and the change in the core cpi was 5. ....
yellen has sent a letter to congress warning the treasury would be unable to satisfy its obligations as early as 1june. presidentjoe biden will meet top lawmakers including republican house of representatives speaker kevin mccarthy at three pm local time on tuesday after that meeting was postponed from last friday. samira hussain has more from the ock. in less than two weeks the ock. in less than two weeks the united states could fail to meet its debt obligations if lawmakers in washington cannot come to some sort of agreement. republicans have continued to demand cuts to social spending before they will agree to raise the borrowing limit. us presidentjoe biden has repeatedly said he would not set conditions lawmakers must raise the debt limit because failure to do so would result in an economic catastrophe. some of the possible outcomes are job losses, those that depend on social security benefits were get paid, and the most dire of outcomes would be the loss of confid ....
entrance way into st giles, a medieval cathedral, is very narrow, so the first moment of course was when the coffin appeared through a very narrow space and then slowly the pageantry evolved, but like most of our ceremonies in scotland, the pageantry has the feeling of family, you are very close to other people, there were many in the congregation who will have come across each other in various facets of life, and it was almost like not quite a family, because of course we are a family, but the small nation saying thank you to a very special person. the music was brilliant, absolutely outstanding, the acquire was wonderful, the readings were very special, it was measured and quiet and calm and reflective. we appreciate and calm and reflective. we appreciate you and calm and reflective. we appreciate you sharing your experience of it. those of you watching, if you would like to look back over aspects of that service, you can find those on the bbc news website. the queen wi ....