i don t really see anything more meaningful coming into the market. we have reached now the halfway point of 2023. how would you describe the health of the global economy? that s a really intriguing question. i think throughout this year, central banks and lawmakers and policy makers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk, the cost of living crisis is a huge issue, and inflation data last week has already shown that there is no easiness or ease off in the data for the time being. but, having said all those pessimistic things and pointed to those factors, i think i am a bit more optimistic going into h2 of this year because i think inflation is going to come closer to the central bank s target, whether we are talking about the federal reserve, whether we re talking the ecb, and, of course, inflation is
is these tensions, if they escalate and change into something more meaningful, i think that certainly we will have a huge reaction in the market, but for now i don t really see anything more meaningful coming into the market. ~ . market. we have reached the halfway point market. we have reached the halfway point of market. we have reached the halfway point of 2023. - market. we have reached the halfway point of 2023. how. halfway point of 2023. how would you describe the health of the global economy? that was a really intriguing of the global economy? that was a really intriguing question. - a really intriguing question. throughout this year, central banks and lawmakers have been focused on containing inflation, bringing inflation under control, and a lot of these banks have failed to bring the inflation to the target level, which is still running quite high, so especially in the uk the cost of living crisis is a huge issue, and inflation data last week has already show
right now, it sits somewhere around 4%. that s certainly better than where it was last year. somewhere above 8.5% but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in may the 12 month change in the cpi came in at 4.0% and the change in the core cpi was 5.3%. inflation has moderated somewhat since the middle of last year. nonetheless, inflation pressures continue to run high and the process of getting inflation back down to 2% has a long way to go. the theory is by making it more expensive to borrow money it should cool off the economy. and ten rate hikes later, that tactic seems to be working. of course, the danger is the us economy could fall into a recession. those hawkish comments by mr powell had certainly weighed on investor minds. spell, likewise on wall street on wednesday. still staying on the topic of interest rates, it s going to be a busy day for monetary policymakers here in southeast as
remains elusive. the federal reserve likes to keep inflation hovering around 2%. right now it sits somewhere around 4%. that certainly better than where it was last year. somewhere above 8% for that but it is still not good enough. and it s why the fed chair jerome powell has said more interest rate hikes seem pretty likely. in interest rate hikes seem pretty likel . ., interest rate hikes seem pretty likel . . ., likely. in made the 12 month chance likely. in made the 12 month change in likely. in made the 12 month change in the likely. in made the 12 month change in the cpi likely. in made the 12 month change in the cpi came - likely. in made the 12 month change in the cpi came in i likely. in made the 12 month change in the cpi came in at| change in the cpi came in at 4-~0% change in the cpi came in at 4-~0%and change in the cpi came in at 4 .0% and the change in the core 4 .0% and the change in the core cpi 4 .0% and the change in the core cpi was 5.3%. in
Here in singapore, and this city has been under siege in philippines. On monday the government said it had a decisive progress to retake the city, but at least 100 civilians have been killed in 2000 people may still be trapped in a militant held areas. Our correspondent has more. We are seeing and much more optimistic note coming from the Philippines Bollettieri Spokesperson now, they seem to be making more progress in regaining the city, but in the first place we do not know how long it will take to push out those last pockets of resistance while the group. They have shown themselves to be tenacious, very well armed and very tough to get out of the city. They cannot put a timeline on it. The military has regained control of most of the city, controlling people going in and out, there will be interesting to see, once this is over, people will want to know how many of the group who got involved in this attack, this hardline militant group, how many of them managed to escape than once th