more than 9% injune of last year. it is a sign of the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america central bank will raise interest rates one more time at their next meeting. it is good news for consumers but also good news for us president joe biden who counted the administration s efforts to bring prices down. he is facing re election next year and being able to control inflation without pushing the repeat into recession, it will be key in montana for years at the white house. the chief economist says he is wondering whether this is a turning point. other central banks around what asking themselves, has the us peak? we are, consumers can get the stuff they want to buy. one of the things they are concerned with is even that he had numbers is down to 3%, waved down from nine, the core inflation excluding the food and energy components are still pretty high, nowhere near the 2% target. i think w
and it has fallen pretty sharply from its peak of more than 9% injune of last year. it is a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers but it is also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he s facing re rlection next year and being able to control inflation without pushing the economy into a recession will be key if he want another four years in the white house. william lee is the milken institute chief economist and he says everyone is wondering whether this is a turning point. that is the ultimate question at the fomc and all the central banks around about asking themselves, has it peaked? a lot of the inflation decreases have come about because supply chain to become restored around th
Nice footwork. Man, youre lucky, watching live sports never used to be this easy. Now you can stream all your games like its nothing. Yes [ cheers ] yeah woho running up and down that field looks tough. Its a pitch. Get way more into what youre into when you stream on the xfinity 10g network. Gaza hasnt let up and israels leader are hinting at whats next. Im Brianna Keilar here in washington with Boris Sanchez and israels defense saying they will soon see gaza from the inside. Saying the command will come. Bracing for that next phase and still waiting for deliveries of food, water and medicine. Right now the u. N. Secretarygeneral is in egypt witnessing preparations for those shipments. Now, an egyptian official tells Cnn Aid Trucks will start going through the Rafah Border Gates starting tomorrow. Kaitlan . Reporter tonight President Biden is set to make the case for a different kind of aid. This is a massive military aid package. For not only israel but also ukraine. The war happenin
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Deal if it can t happen through a democratic reconciliation. and this is another kind of issue that for a segment of americans would be hugely beneficial and important, but it costs a lot of money. yeah. and has big public support, as you mentioned, some bipartisan support, remarkably. with this passage here and then ongoing negotiations with the senate, what happens next with democrats in terms of, you know, the issue of messaging this? telling people what s in it? we show a lot of folks just don t know what s actually in the build back better. yeah. that s going to be battle of the next year for these democrats. they worked very hard to get the majority in the congress and the senate and the white house. they spent ten years in the wilderness not having power to do what they wanted to do. now, they did an infrastructure bill, which was bipartisan, a covid relief bill, which was an emergency bill, but this is the one bill that has their stamp of approval to say you put democrats i