Higher housing, cars and food costs but once his take out Core Inflation was 4. 7 , the lowest since october 2021. The good news is that inflation has drifted down from last summers 40 drifted down from last summers a0 year highs but its still well above what the Federal Reserve thinks of as normal prices. With the overall trend heading in the right direction, policymakers may feel that they dont need to raise Interest Rates further. Us central bank, you may recall, raised its benchmark Interest Rate to more than five and a quarter , the highest in 22 years, all in a bid to call the economy and ease the pressure is pushing up prices. Cool. Qualities too early to say mission accomplished, from the white house to wall street there is a sense that progress has been made in the Worlds Largest economy. Chinas e commerce Giant Alibaba reported its strongest quarterly Revenue Growth in almost two years, pushing its us listed shares up by more than a . Earlier this week the latest data shows C
for talks on the sidelines. the leaders of the world s two biggest economies have a lot to discuss not least their ongoing disputes over trade, technology, taiwan and the drug fentanyl. the bbc s james clayton is in san francisco and sent us the latest. apac has started here and it is a huge apac has started here and it is a huge moment apac has started here and it is a huge moment for apac has started here and it is a huge moment for the apac has started here and it is a huge moment for the city apac has started here and it is a huge moment for the city of san francisco. it is summer to be held here since the united nations charter was signed here in 1945. nations charter was signed here in 1916. this is a huge economic summit. you are talking about more than 50% of the worlds trade belongs to the 21 nations who will be attending here this week. talking about 40% of the world s population. it is a big economic conference but by far the biggest ticket item here is the bigge
pushing its us listed shares up by more than a%. earlier this week the latest data shows consumer prices fell in china injuly, another sign of a slowdown in the world s second biggest economy. we have a consultant specialising in china s consumer market telling us why e commerce companies are doing well, despite the economy for economic headwind. fix, doing well, despite the economy for economic headwind. 3 lat doing well, despite the economy for economic headwind.- for economic headwind. a lot of consumers for economic headwind. a lot of consumers actually for economic headwind. a lot of consumers actually have - for economic headwind. a lot of consumers actually have a - for economic headwind. a lot ofj consumers actually have a habit of going online because of covid and even just before covid and even just before covid and even just before covid and a lot of those trends are sustained, even beyond covid. i think it has to do with all the investment, all these players have put i
swept east across europe it strengthened, turning disruption into disaster. in germany, floods wiped out entire villages. here, the ground just fell away under the weight of water in the night. over 100 people died in these floods in germany alone. awful scenes from china injuly with flooding trapping people in an underground metro system, where a year s worth of rain fell in just three days. in the usa, death and destruction in tennessee in august as over 400 millimetres of rain falls injust21i hours. a new state record. and vehicles are tossed around in a torrent in turkey in august as flooding causes chaos in northern parts of the country. scientists say we are unprepared for extreme
as the same weather system swept east across europe, it strengthened, turning disruption into disaster. in germany, floods wiped out entire villages. here, the ground just fell away under the weight of water in the night. over 100 people died in these floods in germany alone. awful scenes from china injuly, with flooding trapping people in an underground metro system, where a year s worth of rain fell in just three days. in the usa, death and destruction in tennessee in august as over 400 millimetres of rain falls injust 24 hours. a new state record. and vehicles are tossed around in a torrent in turkey in august as flooding causes chaos in northern parts of the country. scientists say we are unprepared for extreme rainfall. too often action comes after rather