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Later this month. Lets show you the details. Figures from the us Labor Department Show prices rose at an annual rate of 2. 5 percent in august. Down from 2. 9 injuly. If we look at Core Inflation though which strips out volatile elements such as Food And Fuel prices were rising at a more aggressive 3. 2 percent. Our North America Business correspondent Ritika Gupta is in new york. A cut by the fed has been all but promised by them already at their meeting next week. I guess the only outstanding question is by how much. Indeed, as you mentioned in your introduction overall this was a solid report on information monitoring. Annually at 2. 5 , that is the lowest in three years and that is why you will see the White House touting this as it went for the current administrati ....
The Prime Minister has warned that the budget this october will be painful, in his first major speech from no 10 since becoming Prime Minister. Speaking in the rose garden, he said his government had inherited a black hole in the public finances, of 22 billion. Those with the broadest shoulders should bear the heaviest burden, he cautioned, but he also said there would be big asks of everyone. The conservatives responded by saying the speech was an indication that labour had been planning tax rises all along. Vicki young has our top story. Blue skies and sunshine, but the Prime Minister didnt come here to paint a rosy picture. He has accused the conservatives of wrecking the ec ....
Increase, so could todays figure be big news after all and crucially could it be enough to persuade the Federal Reserve to leave Interest Rates unchanged next month . Lets spring in our north America Business correspondence, michelle fleury. Michelle, thank you for being with us. First, talk us through the reasons behind his uptick in inflation, having come down in a nice steady pattern, why has it gone up . Nice steady pattern, why has it gone u. . ,. ,. , ~, nice steady pattern, why has it gone up . Yes, if you look at prices specifically. Up . Yes, if you look at prices specifically, there up . Yes, if you look at prices specifically, there are up . Yes, if you look at prices specifically, there are things | up . Yes, if you look at prices. Specifically, there are things like housing, airfares that have gone up, in ....
together, these pacific rim countries, which doesn t include the usa, account for 13% of global gdp. the pact, it s called the comprehensive progressive agreement for trans pacific partnership, aims to cut 95% of import tariffs. the initial gains for the uk economy may be only marginal, that s according to the government s own estimates. here s the bbc s global trade correspondent, dharshini david, explinaing what that pact, is all about. cptpp is more thanjust cptpp is more than just a cptpp is more thanjust a mouthful. it is a packed between 11 nations and they are reducing those tariffs and they are reducing those tariffs and they are also making it easier to trade with each other and to invest in each other, supply chains should run more smoothly, but why is it when you look at the government estimates, they are talking about a gain of 8p in every £100 of income in ten years time. the uk already has trade deals with all but two other members of cptpp, so the incre ....
news that our economy had zero percent inflation in the month of julyy, zero percent. okay, we ll have more on that a little bit later in the show, i promise. but first, there never been a more important day for the permanent washington time than inauguration day for joe biden. january 20th last year it was moment democrats and their voters in the federal bureaucracy have been waiting for for four years. none of it had to do with joe biden or possibilities his presidency could bring to them.t the best part about joe biden taking office was donald trump was leaving office, although it was made possible because somehow voters during a pandemicus had accomplished what, four years off witch hunts, pausing to investigate the full force of surveillance state could not removing donald trump from the white house despite getting seventy four million votes. but it quickly becameus clear removing donald trump was not the end goal. believe it or not, almost immediately joe biden an ....