clean up the aviation industry? we get airborne to find out. we start in the us where the central bank has raised the cost of borrowing to its highest level in m years as it tries to rein in soaring prices. the federal reserve hiked its benchmark rate by three quarters of a percentage point to a range of between 3% and 3.75%. the feds chair, jerome powell, warned there were more rises to come, but said there is no painless way to get inflation under control. households and businesses here in the uk are also braced for more expensive borrowing with the bank of england widely expected to announce a hefty rate rise in the next few hours. more on that in a moment. first, let s hearfrom our us business correspondent michelle fleury in new york. the message from the federal reserve unmistakable, we are here to fight inflation, this is the first time us central bank has raised interest rates and smudged in response to prices rising at the fastest pace for four decades, prices r
officials at the united state s central bank think inflation is going to remain uncomfortably high in america for some time. that s according to the minutes of the last fed meeting where monetary policy is set. the bbc s north america business correspondent samira hussain reports. if anyone thought most recent price hike which showed no inflation injuly was the new normal the federal reserve is here to tell you otherwise. the latest minute shows that the committee that sets monetary policy in the us was unanimous that prices are going to keep going up for months to come. that means everyone should expect more interest rate rises as well. the committee height interest rates by three quarters of a percentage point last month, another rate hike in september seems almost certain. the only question is by how much? the minutes show at least some on the committee thank that their efforts to tame inflation may be starting to have some effect. based on the market response that has
night. good ■çevening once again. i m stephanie ruhle and we are now, get ready for it, 139 days away from the election. today marks 159 years since the last black slaves were given their freedom in galveston, texas, a day recognized as juneteenth. today millions of americans coast to coast celebrated with parades, concerts, and speeches and this is the fourth year juneteenth has been designated a federal holiday. president biden signed it into law in 2021 and today his campaign is out with a very powerful new ad. this juneteenth we salute those who built this country, those who sacrificed, those who suffered and refused to be defined by pain or silenced by oppression. we celebrate freedom, ■çfreedom to live, breath, play, choose, marry, vote and with joe biden and kamala harris, we re ready to face the future together. we can t stop now. what did donald trump do to celebrate this day that is so important to so many americans? the man himself, he didn t do anythin
word. tonight the biden campaign calls out trump s comments on race. new tensions with israel. the fallout from benjamin netanyahu video slamming the biden administration. louisiana has a new law. the 10 commandments must be posted in all school classrooms. the constitutional showdown on this wednesday night. good evening, once again. we are now 139 days away from the election. today marks 159 years since the last black slaves were given their freedom in texas. a day recognized as juneteenth and millions of americans from coast to coast celebrate. this is the fourth year that juneteenth has been designated a federal holiday. president biden signed into law in 2021. his campaign is out with a new powerful added. this juneteenth, we salute those who built this country. those who sacrificed, suffered, and refused to be defined by pain or silenced by oppression. we celebrate freedom. freedom to live, breathe, play, choose, marry, vote. with joe biden and kamala harris,