hello norm taylor in under the top stories around his era, the u. s. federal reserve has raised interest rates by point 75 percent. the biggest increase in almost 3 decades is hope the move will cub soaring inflation and bring down consumer prices, which are $240.00 a highs. a chair of the central bank, jerome pow, described the current economic climate as extraordinarily challenging and uncertain, and indicated further hikes are likely we anticipate that ongoing rate increases will be appropriate. the pace of those changes will continue to depend on the incoming data and the evolving outlook for the economy. clearly, today s $75.00 basis point increase is an unusually large one. and i do not expect moves of this size to be common. from the perspective of to day, either of 50 basis point or a 75 basis point increase seems most likely at our next meeting. we will, however, make our decisions, meeting by meeting and will continue to communicate our thinking as clearly as we can
Speaking after handing in his nomination papers for the election, TUV leader Jim Allister managed to shoehorn in comments on the fact he did so on the 80th anniversary of D-Day.
Bobbie McKee: Funeral told Kilkeel man was victim of 'act of great evil' belfastlive.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from belfastlive.co.uk Daily Mail and Mail on Sunday newspapers.