Stay updated with breaking news from Banning americans. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
is under way. it sets the stage for a wednesday decision on whether they ll hike interest rates, or leave them unchanged. our business correspondent erin delmore reports from new york. what do you get when you add strong consumer spending? a tightjob market and remarkable growth. you get a resilient economy, an economy that defied earlier predictions of a recession and one that s not buckling under the weight of the fed s interest rate hikes. see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week or at their last meeting in december, or they could not do it at all. investors and economists are p ....
see, raising interest rates is the fed s best tool to combat persistently high inflation, which consumers have seen reflected in higher prices for nearly everything. and while inflation has fallen by half from itsjune 2022 high of 7%, it s still higher than the fed s target of 2%. earlier this year, federal reserve policymakers hinted that they may hike interest rates once more before the year is out. they ll have a chance this week, or at their last meeting in december, or they could not do it at all. investors and economists are predicting that policymakers will skip a rate hike this week and, instead, hold rates steady, giving everything more time to work its way through the economy. we ll know the fed s next step on wednesday. one of the many things that have become more expensive for consumers is energy. oil prices have swung wildly over the last few years, due to the pandemic and the war in eastern europe. at one point, after russia invaded ukraine, prices rose to ....
Roman protasevich has appeared again on state television, tearfully confessing to helping to organise anti government protests. his family say he was clearly speaking under duress. leading hong kong pro democracy activist chow hang tung has been detained by police as the city braces itself for protests on the anniversary of the tiananmen square massacre. let s stay with the us now, and those trade tensions with china. president biden has signed an executive order banning americans as of the 2nd of august from investing in dozens of chinese firms with alleged military ties. the move expands an order previously issued by ex president donald trump. mariko 0i and our asia business team are following this. lots of people look at president biden and think he rolls back a lot of the policies of trump, but here we ....
i would have to agree with nathan. i think it s a dog whistle for trump supporters who like to see this kind of thing. it s going to also cause a lot of consternation with democrats, and they re going to have to voice their displeasure with it, so it s going to kind of appeal to both sides or appeal or not appeal to both sides, and that s how it s going to play out. i don t see it doing anything different. gail, last word? it s clearly not helpful, but i think all along we ve seen the domestic lens really take over the global politics and policy lens. that in many ways is also true for israel or the netanyahu government as it is for trump. this really is a domestically aim ed foreign policy move. gail, nathan, thank you. i appreciate it. changing course after banning americans to work with a ....
That group claimed responsibility for the attack in kabul yesterday and where the u.s. dropped the mother of all bombs in april. to another alert, disturbing new video showing what happens when you defy a dictator. two opposition leaders from venezuela abducted from their homes, shoved into suvs and taken away. just look at this video on your screen. they were opposing the sham election giving venezuelan president nickler unlimited power. the trump administration unleashing new sanctions aimed at the country s vital oil industry freezing any assets he may have in the u.s. and banning americans from doing business with him. an american hero gets the military s highest award for laying his life on the line for saving fellow soldiers in vietnam. president trump awarding first medal of honor to former army medic jim mclouann. he still ran 100 yards through enemy fire nine times to save ....