a move that was expected. the cost of borrowing is now at its highest in 16 years, but is the fed finally done with rate hikes? the bbc s samir hussein reports from new york. inflation remain steadily 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 legs with which it lacks 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 they have been some unexpected knock on effects of the rate hikes. they played a part in the banking crisis, where three banks collapsed in less than two months. so far, the fed has been
in a 3 nil win to move past alan shearer and andrew cole s previous best of 34. haaland, in his debut season in english football, was given a guard of honour at full time by his teammates as he set the new record in just his 31st game of the year. city are top again by a point over arsenal and with a game in hand. 22 years old. we re still five games left. how many times i make a substitution after a hat trick at 60 minutes? otherwise, maybe we had to score more. but at the same time, maybe we get injured. because it s a special with this boy, you have to be all the time like a watch. but incredible. congratulations to him, for all the team to help him, of course, to achieve it. and yeah, it s really good. really good to have him. that s what the team played really well tonight. really disappointed. we lose our first goal to a set piece because, you know, we are pretty good at defending them. and so i m really disappointed with that. against man city. they might have scored s
on well established platforms such as facebook and instagram in the face of challenging economic conditions. those concerns have led meta and other tech giants to embark on a cost cutting campaign that has so far resulted in 150,000 lay offs across the sector. for more on meta s results and what they say about the state of big tech let s bring in ray wang, founder of tech advisory firm, constellation research. yeah, they showed that the digital add is fine, yeah, they showed that the digitaladd is fine, and i think that s a really important piece. and what you mentioned earlier is important. advertisers are flocking to the big platforms. if you don t have the users and the eyeballs, they are not going to be there. they were able to keep their monthly active users still at 2.99 billion, almost at 3 billion intact, and they were able to drive sales up 3% and give guidance that was much higher in between the 29.5 billion to 32 billion range. and that is coming on the heels of 20
for their lowest paid workers. rmt members who work for the 1a train operating companies are still due to go on strike, but this vote todayis due to go on strike, but this vote today is being seen as a breakthrough. we will have more of that on the news channel and the bbc news at six. time for a look at the weather. here s ben rich. good afternoon, today is the spring equinox, the beginning of the astronomical spring. and certainly, we have been feeling the days getting longer. the sunrise this morning in the east of england was just before six o clock in the sun won t set in parts of northern ireland until nearly quarter to seven this evening. but you may not get to see too many sunrises and sunsets this weekend because the jet stream, high up in the atmosphere, is blowing strongly across the atlantic feeding what is essentially a conveyor belt of weather systems in our direction. it will often be cloudy and there will be quite a lot of rain. this is the rain we expect to a