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is a rate rise good for you? really looking forward to speaking to you, to hearing from you this morning, by telephone, by text or social media. let s get the neatest news headlines from karishma patel. the bank of england is expected to raise its main interest rate to 5.25% at lunchtime. it will be the 14th time in a row it s gone up. inflation has slowed down in the past few months, but is still at nearly 8% four times higher than the official target. deputy prime minister, oliver dowden, says migrants will start to be housed on a barge in dorset in the coming weeks and that inspections are being carried out. they were meant to move in earlier this week but there have been concerns over fire safety and port staff. ofcom says older viewers are switching away from live tv as part of a record drop in people watching traditional television. the broadcasting watchdog says audiences now have an all you can eat buffet of broadcast and online content to choose fr ....
respiratory symptoms. and jofficials are advising you to put your masks back on to protect you from the smoke. and derek van dam is joining us from the cnn weather whycenter. yesterday the fire alarms went off at school because of the smoke. how will it be today? you ve heard the term you wait a couple minutes and the weather changes. this was literally a 15 minute time lapse and you can see the smoke that inundated new york city, the skyscrapers just becoming a martian landscape. social media was lighting up. it was incredible to see but also very dangerous. and yet another day of the smoke and haze across many of the many populated areas of the east coast. and in new york we still have haze and smoke present, but it is not as bad as it was last night. majority of the thickest has drifted further south. so washington, philadelphia, baltimore, those areas will wake up to almost choking-like air and hazardous air really as this smoke continues to settle in. that stretc ....
It s a bitter medicine from the bank, getting us to borrow less, to spend less, and in theory slow prices. but it does appear to be working the rate of inflation is now finally slowing. but at what cost? the bank of england walking a real economic tightrope. fears of recession swirling again. i want to hearfrom you. are you worried about the impact a rate rise could have on your business, yourjob, your mortgage, your rent? or maybe you are hoping for a better return on your savings, and really back the bank s tactics to tame inflation? an issue that matters to all of us. ....
Verge of a new bull market even as you have all the worries about recession swirling. overall recession fears appear to be fading. and the nasdaq ending the day down more than 1%. the dow finished slightly higher. and gas prices rose a penny overnight to 3.5$3.56 a gallon. aaa says international travel it up more than 200% compared to 2022 with ticket prices for international prices 30% higher. and some are heading overseas to experience moment like this taylor swift concert. let s bring in the author of the article from the washington po post . nice to have you. i ve been studying what some are calling a discretionary recession. for example they are trading down on what kind of cuts of meat they are buying but buying ....