more than 9% injune of last year. it is a sign of the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america central bank will raise interest rates one more time at their next meeting. it is good news for consumers but also good news for us president joe biden who counted the administration s efforts to bring prices down. he is facing re election next year and being able to control inflation without pushing the repeat into recession, it will be key in montana for years at the white house. the chief economist says he is wondering whether this is a turning point. other central banks around what asking themselves, has the us peak? we are, consumers can get the stuff they want to buy. one of the things they are concerned with is even that he had numbers is down to 3%, waved down from nine, the core inflation excluding the food and energy components are still pretty high, nowhere near the 2% target. i think w
and it has fallen pretty sharply from its peak of more than 9% injune of last year. it is a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working. but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers but it is also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he s facing re rlection next year and being able to control inflation without pushing the economy into a recession will be key if he want another four years in the white house. william lee is the milken institute chief economist and he says everyone is wondering whether this is a turning point. that is the ultimate question at the fomc and all the central banks around about asking themselves, has it peaked? a lot of the inflation decreases have come about because supply chain to become restored around th
it s a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working, but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers, but it s also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he is facing re election next year and being able to control inflation without pushing the economy into a recession will be key if he wants another four years in the white house. samira hussain there. let s bring in the milken institute s chief economist, william lee, whojoins us now from nevada. that s the ultimate question that all the central banks around the world are asking them selves. has the us peaked? lots of prices and inflation decreases have come out because supply chains have been restored around the world and consumers are able to get the stuff they want to buy. one of the
optimism is reflected in the stock markets as well. this is how the nikkei has started trading. it has been at 833 year high so we see a bit of profit taking. a 33%. the last quarter outperforming any major global indices as well. let s begin nobuko kobayashi joining us from kyoto. thank you forjoining us on the programme again. what did you make of this much stronger than expected gdp figures? yes. make of this much stronger than expected gdp figures? expected gdp figures? yes, it beat expectation expected gdp figures? yes, it beat expectation by expected gdp figures? yes, it beat expectation by one - expected gdp figures? yes, it beat expectation by one point| beat expectation by one point which is quite phenomenal. if you peel down, break down the different, the surprise comes especially from the investment in private sector. the personal consumption was in line with expectations but particularly on the business side, it was a positive surprise. i on the business s
the trasportation security administration which does security screening in about a50 airports across the country has nudged record numbers in the last couple of weeks. also, even higher than 2019 numbers. here in asia, some tourism spots are struggling with staff shortages because many have had to let go of them during the pandemic and american airlines are experiencing the same thing, aren t they? indeed. the entire airline infrastructure and the airports, the ground handling, the security, all of those roles, they lost a lot of people through covid and through the aftermath. very experienced pilots and air traffic controllers retired so they are bringing lots of new people who do not have that experience and need to build up that experience now as well. let s now turn to pakistan because international monetary fund has approved a $3 billion bailout programme for the south asian country.