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we start here in the uk because in 90 minutes time, we ll find out if inflation is continuting to fall. the rate at which prices are rising fell to 4.6% in the year to october, down from 6.7% the month before. that sharp fall was due to cheaper energy prices and declines in oil and gas prices might bring the headline rate of inflation even lower in november, with economists estimating 4.3%. in a bid to curb inflation, the bank of england has increased interest rates to 5.15%. some of you know that only too well. live now to kallum pickering, senior economist at berenberg. good morning to you, it s been a while. give us your take on inflation today, will go in the direction we wanted to? yes, it robabl direction we wanted to? yes, it probably will direction we wanted to? yes, it probably will fall direction we wanted to? yes, it probably will fall as direction we wanted to? yes, it probably will fall as you - probably will fall as you mention, a5 seem to be the est ....
spending. and let s begin in washington, d.c., where the federal reserve has just announced its latest decision on interest rates. economists predicted an eighth straight rate increase as the central bank tries to tamp down inflation without causing a recession. matt egan is inside the federal reserve. what s the decision? reporter: 25 basis points, the fed just delivered its eighth straight interest rate hike, lifting interest rates to the highest level since 2007, all part of the fed s quest to get inflation back down to healthy levels. but importantly, the fed is dialing back the pace of these interest rate hikes. going from 75 basis points this past summer and this past fall to 50 basis points in december, to this more traditional move of 25 basis points today. now, this was widely expected, widely telegraphed, and yet, it is a significant strategy shift, nonetheless. the fed is still trying to slow this economy to cool off inflation, but they ve gone from slammin ....
anxiously outside for their loved ones. this morning what we re learning about the victims and the hero teachers and football coach. the suspect now in custody after slipping out of the school blending in with evacuate whack separating students. new details about his past, the disturbing social media posts. why he was expelled and what he said before the shooting about valentine s day. roh now another american community devastated mourning the victims of this latest shooting. we are live on the scene with the survivors and the math teacher who helped keep his students safe right here on gma. good morning, america. as you can imagine it is a challenging, difficult morning. george is on the scene in florida where another community is in disbelief shocked by devastating violence. this time at that florida high school on valentine s day. this image, one that has become all too familiar. students evacuating with hands up and suspect in that shooting is in custody. ....
areas that are going to warm up. it looks like santa cruz and santa clara valley are chilly. san rafael is 49 degrees, some areas are low to mid 50s. fog and low clouds will retreat and it will be 80s inland, 60s and 70s in that area. this is not a typo. things are different in september than june, july and august. livermore 89 in concord 87. it will look better on the coast over the weekend. i like having my own personal weathercaster. i like it when you correct my paper. thank you steve. i give you an a+. thank you very much. let s look at the traffic now. 19 minutes, you know if you have been watching this broadcast for a long time and 19 minutes to drive from the carquinez bridge to the carter made is a good time. at 6:00 or little bit after that, it is still a good time. the macarthur maze is a good time. at 6:00 or a bit after that, it is still a good time. if you re driving to the bay bridge toll plaza you will see that traffic is backed up for about a ....
the weekend. is your microphone working. for some it will warm up today, for others wait until the weekend. inland temps look like they will jump up. warmer over the weekend, certainly sunday for sure, when it looks to be the warmest day of the weekend for everybody. pretty good fog bank out there, i ll say for mid september. got chewed up on tuesday, boom, there it is. much of this is making a pretty good surge here for some. for others it s cloudy on the cool side. not much of a delta breeze. some upper 40s for some. 50s for others. very cool. look at the 40s here, black hawk, danville. lafayette, walnut creek. yet it is clear for many. fog will retreat. high pressure is building in, and the north, northeast breeze, hints developing by tonight into tomorrow. but today, 60s, 70s, coast and bay. 80s to near 90 for some inland. what do you have on a friday. friday light? friday medium. you know, we do have slow traffic out there. but it s not quite as robust as the ....