Year. Were going to keep working to take down corporate greed to bring those prices down further. To recap those inflation Numbers Consumer prices cooled injune, putting the 12 Month Inflation Rate at 3 percent, which is the lowest level in over 3 years. Economics professor Prachi Gupta explained what all this means for the us Federal Reserve whether they would cut Interest Rates sooner rather than later. The recent numbers are suggesting that there is a positive trend, and the inflation in us has been falling. However, the fed has been closely watching the numbers because it is still well above the target of 2 rate. And the fed has to be very sure that these trends and the downward trend in inflation is just not temporary and rather more permanent. So we need to understand that it is looking at the Supply Side constraints like you know, what are the forecasts for Commodity And Food prices . And secondly what does the Labour Market Condition in us . Because essentially, the high inflat
Lawrence a lot happening in the world. 7 00 a. M. On the East Coast and thursday, july the 11th and this is Fox Friends. Ainsley the first senate democrat is calling for President Biden now to drop out as the world watches today for bidens solo Big Boythats what theyre calling it like the big man, nato Press Conference. Brian plus, Chuck Todd, now you tell us . Had a Cabinet Secretary two years ago all Out Of The Blue ask me do you really think he Cant Run again like this. Lawrence incredible. Brian waits two years. He had a show. Steve former Speaker Nancy Pelosi 24 hours ago made headlines and then in the afternoon snapped at reporters after comments on Joe Bidens political future. Heres nancy. Am i speaking english to you . Im not going to be making any statements about any right now in the hallway. Lawrence the second hour of Fox Friends starts right now, and, remember, mornings are better with friends. Ainsley happening today, President Biden will be taking the podium for what the
Also on the programme. The Ban On Uk and Eu Travellers going to the us will be lifted in november, 20 months after it began. In the canary islands, a volcanic eruption on La Palma the first for half a century forces 5,000 people from their Homes. And plenty of british success at the emmys in los angeles, where the crown won best Drama Series. And coming up on the Bbc News channel. The ecb cancel the tours of the men and womens teams due to travel to pakistan next month. Good evening. There will be no bail out for Energy Firms in trouble, according to the Business Secretary, whos been holding crisis talks with industry leaders today. Kwasi kwarteng said that customers would be protected if more Energy Companies went out of business, and he said there was no prospect of an Energy Supply Emergency this winter. The growing crisis has been caused by a massive rise in the wholesale prices paid by energy suppliers. The food and Drinks Industry is also warning that one of the knock on effects
More than 100 homes as It flows towards the sea. And, plenty of brItIsh success at the emmys In Los Angeles where the crown won best Drama SerIes. Good evenIng. There wIll be no BaIl Out for Energy FIrms In trouble accordIng to the BusIness Secretary, whos been holdIng crIsIs talks wIth Industry leaders today. KwasI kwarteng saId customers would be protected If more Energy CompanIes went out of busIness. He saId there was no prospect of an Energy Supply Emergency thIs wInter. The growIng crIsIs has been caused by a massIve rIse In the wholesale prIces paId by energy supplIers. The food and DrInks Industry Is also warnIng that one of the knock on effects of the sItuatIon wIll be more shortages In the shops. Our busIness edItor, sImonjack, reports. The Uk Energy sector Is In crIsIs. Dozens of small energy provIders have already gone bust, and dozens more are not expected to make It through wInter, as soarIng Energy PrIces leave many unable to delIver on prIce promIses made to mIllIons of