south east corner, then behind it we should see some sunshine. it will be when you everyone with showers in the north of scotland. in the sunshine, 18 degrees. but unfortunately the weekend looks very unsettled with low pressure staying with us. we see that anchored into scotland but it is the low to the south west which will bring heavy rain for a time on saturday. subject to change potentially, but if you start off relatively dry on saturday, the chances are it will not last as the wet and windy weather pushes a steadily northwards. the winds will see wind in excess of a0 to 50 mph on saturday. stronger winds again potentially on sunday. by saturday afternoon, we will see highs of 16 celsius. as we move into sunday, that low pressure will be sitting into the far north of scotland. the strongest of the winds and the heaviest of the rain through scotland, blustery showers elsewhere, and of course it is the london marathon so it looks like it will be cooler with showers contin
the cpi numbers earlier. while the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. it s at 4.3%. and that s illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. the federal reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see? exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through so called quantitative tightening, and that could push yields up and increase borrowing costs which, in essence, has similar effects raising interest rates. as far as markets go, they are expecting the fed to raise rates not at this upcoming meeting, i believe, next week but actually more likely in december. dimitri, how have consumers and businesses really responded to the rising c
but as the ecb says today, it s still expected to remain too high for too long. joining me now is katharine neiss, chief european economist at pgim fixed income. this decision was described as a coin toss, they could have gone either way, and there are fears of recession in the eurozone s powerhouse germany, but the ecb clearly thinks that controlling inflation is more important. yes. inflation is more important. yes, the ecb told inflation is more important. yes, the scs told us inflation is more important. yes, the ecb told us today inflation is more important. yes the ecb told us today through their actions they are still concerned with inflation being to hide. i think in particular they are concerned at that underlying inflation could become embedded in the euro area economy making it harder for policymakers to get inflation back to their 2% target. widely perceived this could be the lasting increase, we heard from the bank s president that there was, the decision w
that s the highest since the launch of the euro more than 20 years ago. and it s worth putting into context that as recently as last year, eurozone interest rates were negative. the reason is that inflation is proving harder than expected to control. for the 20 countries using the euro, inflation was 5.3% in august that s half the 10.6% that it was a year ago. but as the ecb says today, it is still expected to remain too high for too long. earlier we got the view from the economist katharine neiss, she explained the background to this latest move. the ecb told us today through their actions they are still concerned with inflation being too high. i think in particular they are concerned that underlying inflation could become embedded in the euro area economy, making it harder for policymakers to get inflation back to their 2% target. widely perceived this could be the lasting increase, we heard from the bank s president that there was, the decision was not unanimous, there w