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decisions on interest rates and they put up interest rates again by 0.25%. the last time they were there was middle of they were there was middle of the financial crisis in 2008. they also say they will stay for that level for quite some time so this idea of high interest rates to say is here to stay. interest rates to say is here to sta . f , interest rates to say is here to sta . j , , . to stay. they re big picture message to stay. they re big picture message is to stay. they re big picture message is not to stay. they re big picture message is not great, - to stay. they re big picture message is not great, it i to stay. they re big picture message is not great, it is| message is not great, it is pretty bleak. they are saying things may not be as bad as had been predicted. been predicted. that s where the graphs been predicted. that s where the graphs come been predicted. that s where the graphs come in been predicted. that s where the graphs come in and ....
of the financial crisis, 2008 ish? yes. and they have said they will stay about that level for quite a while, so the idea that interest rates are here to stay is here to stay. and the big picture message is not great, it s pretty bleak, but they are kind of saying things might not be as bad as had been predicted. yes, that s where the graphs come in. we will now try and paint graphs with words, but they looked at inflation, which they do in all these reports and actually, they are now suggesting that inflation will fall faster than they predicted when they lasted this back in november. politically, that helps rishi sunak, showing his first pledge of halving inflation by the end of the year is comfortably going to be met on this trajectory. yes, and voters and lots of people will say hurrah to that. as far as the politics is concerned, there will be, as there was when he announced this, a slight scepticism about the extent to which he is actually responsible for that. it ....
thank you so much for joining me. we begin with this breaking news just moments ago, the faa lifting a flight restriction over lake michigan near wisconsin for what it called national defense air space. it is unclear why they impose the restrictions but it does follow a similar pattern that we have seen with at least three now high altitude objects shot down in the last week. and kylie atwood and arlette saenz are tracking the latest developments. what are you learning? reporter: we ve learned that the temporary flight restriction in place has now been lifted. and according to nor rat, it was in place for norad operations. we don t know what they were.ra in place for norad operations. we don t know what they were.dts in place for norad operations. we don t know what they were.\t was in place for norad operations. we don t know what they were.t,s in place for norad operations. we don t know what they were.ad in place for norad operations. we don t know what they were., ....
good to be with you, i m katy tur. first it was the leaked memo from an air force general, warning his officers to prepare for a hot war with china in 2025. then it was news the u.s. is expanding its military presence in southeast asia, adding four more bases in the philippines on the doorstep of china. and now, the pentagon is faced with a chinese spy balloon first spotted over montana, which, by the way is home to one of the united states three nuclear silo fields. just a moment ago in a series of questions from reporters, brigadier general patrick ryder confirmed the balloon is not just drifting, that china is in control of it. the balloon is maneuverable. clearly it s violated u.s. airspace, and again, we ve communicated that fact to the prc. the fact is we know that it s a surveillance balloon. and i m not going to be able to be more specific than that. and we do know that the balloon has violated international airspace and international law which is unacceptabl ....
appeal on wednesday. american football legend has been announced his retirement for the second time, tom brady. welcome to the programme. we begin in the us, where the funeral of tyre nichols, the 29 year old black man who died after being beaten by police, has taken place. the us vice president kamala harris was among the thousands attending the service at mississippi boulevard christian church, in memphis, tennessee. following tyre nichols s death, five officers, all of them black, were charged with second degree murder. several other police officers and emergency staff have also been fired in recent days. our north america editor sarah smith was at the service. # you lift me up. the grief was overlaid with anger as mourners celebrating the life of tyre nichols also railed against the injustice of his death. i can t speak for everybody in memphis, i can t speak for everybody gathering, but for me, i believe that if that man had been white, you would not have beat him ....