a move that was expected. the current cost of borrowing now sits at five to 5.25%, the highest in 16 years. but is the fed finally done with rate hikes? the bbc s samira hussain reports from new york. inflation remains stubbornly high to try and get the cost of living back down to more normal levels. the federal reserve, america s central bank, has raised interest rates ten times in a little over a year. and now it seems it may be ready to perhaps take a pause. the committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation and economic and financial developments. we will make that determination. meeting by meeting. the rate rises have slowed economic growth in the united states by making it more expensive to borrow money. and inflation is starting to come down. but there have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis where thr
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The century. some of the stories now. russia says it downed two drones last night that, targeted its government hq in moscow, known as the kremlin. unverified footage on social media appeared to show an object flying over before a small explosion. russia accused ukraine of attempting to kill president putin, but ukraine said it had nowt to do with it. madeleine mccann s parents have said she is still very much missed. today marks the 16th anniversary of her disappearance in portugal. love island star is having tests for thyroid cancer, afterfans thyroid cancer, after fans spotted thyroid cancer, afterfans spotted a lump on her neck while she was in the villa. the 23 year old from london says even her mum didn t notice it. and big sam is back in the big league. he s been named leeds boss for the final four matches of the premier league season. the dug out better and joins the yorkshire giants, who are outside of the relegation zone on goal difference. time now to
Russia says it downed to drones last night that targeted its government hq in moscow, known as the kremlin. unverified footage on social media appeared to show an object flying over before a small explosion. russia accused ukraine of attempting to kill president putin, but ukraine said it had nowt to do with it. madeleine mccann s parents have said she s still very much missed. today marks the 16th anniversary of her disappearance in portugal. love island star sami richie is having tests for thyroid cancer after fans spotted a lump on her neck while she was in the villa. the 23 year old from london says even her mum didn t notice it. and big sam is back in the big league. he s been named leeds boss for the final four matches of the premier league season. the dug out veteran joins the yorkshire giants who are outside of the relegation zone on goal difference. time now to leave you with ten seconds of escape. a police officer in the us
Russia says it s down to drones last night that targeted its government hq in moscow, known as the kremlin. unverified footage on social media appeared to show an object flying over before a small explosion. russia accused ukraine of attempting to kill president putin, but ukraine said it had nought to do with it. madeleine mccann s parents have said she s still very much missed. today marks the 16th anniversary of her disappearance in portugal. love island star is having tests for thyroid cancer after fans spotted a lump on the neck while she was in the villa. the 23 year old from london says even her mum didn t notice it. and big sam is back in the big league. he s been named leeds boss for the final four matches of the premier league season. the dugout veteranjoins four yorkshire giants who are outside of a relegation zone on goal difference. time now to leave you with 10 seconds of escape. a police officer in the us state of virginia was inches