use the euro currency. next week, it s the turn of the bank of england with another rise widely expected. but with inflation starting to ease, are we finally seeing the peak in the cost of borrowing? and when can we expect rates to start coming down again? let s hear first from michelle fleury in new york. the federal reserve has moved with unprecedented speed to get inflation under control. since march of last year, it has raised its benchmark rate by 5.25 percentage points. its latest move is likely to push up the cost of borrowing for american businesses and consumers even further. with inflation showing prices rising more slowly than a year ago, the key question at the press conference was whether this rate increase was the last or would it hike again later this year? fed chairjerome powell wouldn t be drawn. i would say it is certainly possible that we would raise funds again at the september meeting if the data warranted it. and i would also say it is possible that we w
further, with inflation showing prices rising more slowly than a year ago, the key question at the press conference was whether this rate increase was the last or would it hike again later this year. fed chair jerome powell would not be drawn. i jerome powell would not be drawn. ., , drawn. i would say it is certainly drawn. i would say it is certainly possible - drawn. i would say it is certainly possible we i drawn. i would say it is - certainly possible we would raise certainly possible we would raise funds again at the september meeting of the data warranted, and i would also say it is possible that we would choose it is possible that we would choose to hold steady at that meeting. mr choose to hold steady at that meetinu. ~ ., ., , choose to hold steady at that meetinu. ~ ., .,, . ., meeting. mr powell was clear however that meeting. mr powell was clear however that the meeting. mr powell was clear however that the fight - meeting. mr powell was clear| however
conference was whether this rate increase was the last or would it hike again later this year. fed chair, jerome powell, would not be drawn. i would say it is certainly possible we would raise funds again at the september meeting, if the data warranted it, and i would also say it is possible that we would choose to hold steady at that meeting. mr powell was clear however that the fight against inflation is not over. policymakers inside america s central bank remain concerned that the world s biggest economy, well, that it is still growing too fast for inflation to fall back to its 2% target. everything from travel bookings to the sale of concert tickets, and even the success of the barbie movie s opening weekend at the box office, were all signs that americans are still spending. the latest us growth figures, due out on thursday, are likely to confirm a moderate expansion. so, for now, the fed is still hoping it can get inflation under control without triggering a recession.
baier. alexandria hoff is live with what s happening on the campaign trail. reporter: we don t know in totally who s going to take part in this debate like former president trump. last night he skipped the campaigning in iowa. the caucuses are exactly six months away, and some republicans feel lashing out against a popular republican governor is a misten by trump. the former president sat down with maria bartiromo for an interview tomorrow on sunday morning futures. if people think trump is going to be elected, you ll never have a recession. if people think i m not, you re going to have a depression. reporter: again, the former president has yet to commit to next month s debate. former e governor chris christie and senator tim scott are the latest candidates to have met the rnc donor requirements the take part. today is the filing deadline for campaigns to turn over their april to june fund raising reports to the fec. these are the totals as of yesterday. today s repo
today and the concert series brought to us by our friends. welcome to the center square today. good morning to both of you. i m pumped up and ready to go! and you are heading to west point after this. i am headed to west point. you haven t had any free food on friday, have you? there s never food on your set! this the first time. on a our summer concert series,we ves boisterous son, out on the veranda. what are you making for the crowd today? we are making you guys some skirt steak street corn tacos, and john has salsa going on there. if you re from the south, we call it chimchurra, but it s really chimichurri. this is mixed in with corn bread and eggs, we will dial it up from barbecue sauce with our buddies at leas. a bacon wrap because we no you live everything bacon wrapped. and that s what you call a fatty, it s a big burrito where the tortilla is baked. you can roll it out and stuff it, roll it up, bacon-weave it, cut it up and eat it. and we ve g