From new york, heres the bbc s north America Business correspondent, michelle fleury. Stubborn inflation pushes back the timing of the first rate cut. The Us Federal Reserve voted to keep its Benchmark Lending Rate at a 23 year high on wednesday. Officials have said they want more certainty that inflation is under control before they Lower Borrowing costs. They do not have that yet. Here is chair, jerome powell, during his press conference. The economy has made considerable progress towards our dual mandate objectives. Inflation has eased substantially over the past year, while the Labour Market has remained strong. And that is very good news. But inflation is still too high, further progress in bringing it down is not assured and the path forward is uncertain. We are fully committed to returning inflation to our 2 goal. While the prices of many goods have fallen, from cars to furniture, an increase in housing and Petrol Prices have contributed to a recent rise in consumer inflation. W
Music the rise and rise of dua lipa well hear from her about her new album and Headlining Glastonbury this summer good morning. We have some heavy, thundery good morning. We have some heavy, Thundery Downpours across parts of southern Thundery Downpours across parts of Southern England and south wales. The driest Southern England and south wales. The driest and brightest conditions today the driest and brightest conditions today will the driest and brightest conditions today will be in the north and west and the today will be in the north and west and the low cloud and mist and the murkihess and the low cloud and mist and the Murkiness Across Eastern Areas is turning Murkiness Across Eastern Areas is turning back to the coast. I have the details turning back to the coast. I have the details later in the programme. Its thursday 2nd may. Our main story. Britains biggest Indoor Arena Co Op Live In Manchester Has postponed its opening yet again, and called off this weeks concerts by The Gr
Has described the blast as a barbaric act. Police say they are working to establish exactly what happened. We are currently treating this as a Terrorist Incident, until we have further information. This is clearly a very concerning time for everyone. On breakfast this morning, we will bring you the latest from the scene, and reaction to what could be the uks worst Terror Attack since the 7 7 london bombings. Good morning, it is tuesday 23 may. The news we are waking up to this morning an explosion at a Concert Venue in manchester, packed full of children and families, has claimed the lives of at least 19 people. Theresa may has paid tribute to the victims, and will chair a meeting of the governments Emergency Committee later this morning. The metro mayor of manchester, andy burnham, has called it a terrible night for our great city. We will be getting a further statement from andy burnham at around 7 30am this morning. We will be live with louise at the scene in a moment, but first let
How a young man can become radicalised. Talk to us about the libyan connection. Details of which are becoming clearer. The most important thing to point out is its not one thing or the other. It is tempting for people to try and figure out what is the one hell of an element that radicalised him. The libyan angle is informative. It tells you and exposes a family in flux, a family that has not found a sta ble flux, a family that has not found a stable footing either in libya or in manchester. His father was an exile, a political exile, in opposition to Colonel Gadaffi. As everyone knows, he has maltreated and resulted in hundreds of thousands if not millions of libyans leaving the country during his tenure. The fact they were here in the first place is a reflection of the fact that there was a dictator presiding over the population in libya. Number one. The angle that concerns and oppressive dictatorial environment in the arab world and larger parts of the middle eastis world and larger