Thats slightly higher than expected and driven mainly by higher costs for gasoline and rents. In the 12 months up to february, the cpi rate increased by 3. 2 , compared to 3. 1 injanuary. The core rate, stripping out those volatile elements such as fuel and rents, fell to 3. 8 from 3. 9 injanuary, but that was still higher than the 3. 7 expected. This latest data suggests there is still some stickiness with inflation that will be scrutinised by the Federal Reserve as it weighs up a highly anticipated Interest Rate cut injune. Lets head over to new york and speak to our north America Business correspondent michelle fleury. As far as the fed is concerned, it is about how they respond to this number. It is not going in the direction they wanted it to. The tricky word direction they wanted it to. The tricky word that direction they wanted it to. Tue tricky word that you direction they wanted it to. Tte tricky word that you were stumbling over, sticky, and a lot of this is to do with housin
The core rate, stripping out those volatile elements such as fuel and rents, fell to 3. 8 from 3. 9 injanuary, but that was still higher than the 3. 7 expected. This latest data suggests there is still some stickiness with inflation that will be scrutinised by the Federal Reserve as it weighs up a highly anticipated Interest Rate cut injune. Lets head over to new york and speak to our north America Business correspondent michelle fleury. Not michelle fleury. A huge rise but not heading in the not a huge rise but not heading in the right direction . The right direction . People were hoinu to the right direction . People were heping to see the right direction . People were hoping to see more the right direction . People were hoping to see more evidence hoping to see more evidence that prices were cooling and moving in the direction they wanted, this probably goes in the negative column, inflation is a bit hotter than people would like to see, and it does not necessarily mean a different
He is recalling the ambassadors to the three countries. At least 140 members of the un already formally recognise Palestinian Statehood others including the us and the uk, do not. Lets have a listen to what the Prime Minister announced. The progressive Prime Minister announced. Iie Progressive Government Of Spain next tuesday on the 28th Of May Will at Cabinet Meeting recognise the state of palestine. We are going to recognise the state of palestine for many reasons which i can summarise in three words. Peace, justice and logic. Peace, because it is the only solution to the conflict and by that i imply the Essential Question of the two states, israel and palestine, accompanied by Mutual Security guarantees as many other countries do. Security guarantees as many other countries de security guarantees as many other countries do security guarantees as many other countries do. , ,. ,. Countries do. Spains Pedro Sanchez. The irish prime countries do. Spains Pedro Sanchez. The irish Prime M
Results from arm holdings. They were hardly bad, so why the sharp drop in its stock price . Its stock price . Yes, i think youre absolutely its stock price . Yes, i think youre absolutely right. Its stock price . Yes, i think youre absolutely right. They its stock price . Yes, i think youre absolutely right. They were its stock price . Yes, i think youre absolutely right. They were not i absolutely right. They were not terrible. Inaudible it wasnt fantastic, but was lower case conservative in nature and that is what investors keyed up on and ultimately this stock has had a meteoric rise since its listing in september that investors were calling it the price of perfection, in other words, anything less than something really good was going to elicit a bit of a pull back and i think now we are asking some questions about the ai landscape in general and whether or not this forecast suggests that some of the hypeis forecast suggests that some of the hype is going to be overhyped. At present
Were expecting, up 15 , thanks to people taking more rides and also using its food delivery service, but the thing is the right hailing and Food Delivery Company still disappointed investors and one thing that wall street was focused on was gross booking. That number came in lighter than forecast and its predictions for the coming three months also were disappointing. So, despite turning in higher revenue, uber posted an unexpected loss of around 651; million, up from 157 million this time last year. Earlier, i was speaking to andrew hawkins, Transportation Editor at a new service covering the tech industry, and he told me what wall street was worried about. While ubers fundamental Business Model appears to be improving and gaining strength, its still not completely out of the woods. And what i mean by that is that there are still a lot of regulatory issues, theres a lot of Legal Expenses that the company has been having to pay. It had to make a massive settlement brought on by a Class