A move that was expected. The current cost of borrowing now sits at five to 5. 25 , the highest in 16 years. But is the fed finally done with rate hikes . The bbc s Samira Hussain reports from new york. Inflation remains stubbornly high to try and get the cost of living back down to more normal levels. The federal reserve, americas central bank, has raised Interest Rates ten times in a little over a year. And now it seems it may be ready to perhaps take a pause. The committee will take into account the cumulative tightening of Monetary Policy, the lags with which Monetary Policy affects Economic Activity and inflation and economic and financial developments. We will make that determination. Meeting by meeting. The rate rises have slowed Economic Growth in the United States by making it more expensive to borrow money. And inflation is starting to come down. But there have been some unexpected Knock On Effects of the rate hikes. They played a part in the Banking Crisis where three banks
live from our studio in singapore. this is bbc news. it s newsday. welcome to bbc news, broadcasting to viewers in the uk and around the world. we begin in moscow where russia has accused ukraine of trying to assasinate president vladamir putin. ukraine says it had nothing to do with the incident in which a drone was seen flying over the kremlin before a small explosion. presdeint zelensky said kyiv only fought russia on ukrainian territory. our russia editor steve rosenberg sent this report from moscow. flying in from the left, what appears to be a drone. then an explosion over the kremlin. this footage is unverified, but the kremlin says that overnight, two drones targeted the residence of the president. moscow blames ukraine, but says that no one was injured. on russian state tv, a dramatic start to this talk show. the presenter announces breaking news. there s been an attempt, he says, to assassinate putin. in daylight down at the kremlin, we couldn t see any obviou
mourning have been declared. our belgrade correspondent guy delauney reports. handcuffed and hooded, belgrade police took the suspected shooter for questioning. he is just 1a years old. parents and teachers were left in shock. this sort of thing just doesn t happen in serbian schools, despite high levels of gun ownership. any gun crime is rare and mass shootings in classrooms are unheard of. police say the suspect arrived at the school on the morning after the labor day holiday. first he argued with a security guard at the entrance of the vladislav ribnikara school, then he pulled out a gun and shot him. parents say their children have told them what happened next. the shooter entered a history class, fired at the teacher and then turned his weapon on his classmates. translation: the teacher immediately i sheltered the children, locked them i in, some of them were under the tables so they were safe inside. after i don t know how much time, they let them out. police believe th
a move that was expected. the current cost of borrowing now sits at five to 5.25%, the highest in 16 years. but is the fed finally done with rate hikes? the bbc s samira hussain reports from new york. inflation remains stubbornly high to try and get the cost of living back down to more normal levels. the federal reserve, america s central bank, has raised interest rates ten times in a little over a year. and now it seems it may be ready to perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments. we will make that determination. meeting by meeting. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money. and inflation is starting to come down. but there have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis where thr
an outfit can set people back. hundreds. you even see them second hand online for hundreds and when you are struggling to pay bills it is a real. she gasps it is that moment when you look and you think, you want it to be right, so i think this is a really lovely thing to do. people can come along and take away a donated dress, forfree. it is run by charity which identified a desperate need. some children can t go to the prom because they cannot afford it, or because their parents are getting into debt, or i have had phone calls from people who have been harassed by doorstep moneylenders, and all of the awful ways that they get money back, so it is done just to stop that, just to make sure that the prom is inclusive and everybody can go. last year they helped almost 500 people with dresses. this year, they hope to help even more. him there s been a flurry of diplomacy around afghanistan this past week. the un security council condemned the taliban s decision to ban afghan women from wor