a couple of hours. inflation was 3.7% in the year to september which is the same rate clocked for august. this month the us central bank held its key interest rate at its current 22 year high as it seeks to curb price rises. last week, the ratings agency moody s lowered the outlook for the nation s credit rating to negative from stable, citing those higher interest rates not backed up by policies to reduce spending. the us treasury secretary janet yellen has pushed back here she is speaking at the apec summit. this is a decision that i disagree with. the american economy is fundamentally strong and treasury securities remain the world s pre eminent safe and liquid asset. we have enjoyed over the past several years a historically fast economic recovery from a deep recession, our unemployment rate is near historic lows, inflation has come down significantly and our economy grew by almost 5% in the third quarter. economy grew by almost 596 in the third quarter- third qu
welcome to our look at the top business stories. i m lukwesa burak. today, global markets will be watching the latest us inflation data for clues as to whether the federal reserve might move again on interest rates. inflation was 3.7% over the 12 months to september which is the same rate recorded for august. while inflation has cooled significantly from last year, it remains higher than the 2% target. this month, the us central bank held its key interest rate at its current 22 year high as it seeks to stabilise price rises, which had recently reached near record levels. joining me now is steven blitz, chief us economist, ts lombard. hello and welcome to the programme. hello and welcome to the programme- hello and welcome to the - programme. what are programme. thank you. what are ou programme. thank you. what are you expecting programme. thank you. what are you expecting later programme. thank you. what are you expecting later today? - programme. thank you. what are