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the us federal reserve will decide whether to raise interest rates later today, although they re expected to remain at 0.25% unchanged from march 2020. fed chairmanjerome powell is expected to plot a path of higher interest rates next year. economists polled by reuters expect the fed to raise interest rates in the third quarter of next year. last month the federal reserve outlined plans to withdraw the billions of dollars it has been pumping into the economy during the pandemic. since the start of the covid crisis, the us central bank has been buying $120 billion worth of bonds every month to help keep borrowing costs low. fed chairjerome powell said he expected economic growth to strengthen over the rest of the year. however, he said then the fed can be patient about raising interest rates. but inflation is raging in the us with annual inflation at rates not seen for a0 years. the latest figures show prices rose 6.8% in the year to november. and speculation is mounti ....
a federaljudge in the united states has suspended a law in texas that bans almost all abortions. 20 years on from the start of uk military operations in afghanistan, commemorations are held to remember the a57 british personnel who died in the conflict. a british woman who joined islamic state group with her young children says politicians should open their minds to allowing them to them to return to the uk. and. the physio said to me. return to the uk. and. the physio said to me, where return to the uk. and. the physio said to me, where is return to the uk. and. the physio said to me, where is your return to the uk. and. the physio said to me, where is your wedding | said to me, where is your wedding ring? and i was like, oh, no. yes. ring? and i was like, oh, no. yes, andy murray ring? and i was like, oh, no. yes, andy murray has ring? and i was like, oh, no. yes, andy murray has lost ring? and i was like, oh, no. yes, andy murray has lost his - ring? an ....
victory over nazi germany. we ll also have a special report from the east of ukraine, where the fighting in this war, is most intense. the big picture here in the donbas is that the kremlin s offensive is largely stalled. they ve taken hardly any significant towns, and the ukrainians are making them pay a heavy price for every scrap of land. and bbc news has revealed how untreated sewage is being dumped illegally in rivers across the uk, putting health and nature at risk. and birmingham airport admits it was chaos this morning as thousands queued for hours to get through security. good evening. welcome to the programme. the labour leader sir keir starmer says he will quit if he s fined by durham police for breaking covid rules last year during lockdown. he s been under pressure after the police announced they would be investigating an event at which he drank beer and had a curry with party workers at an mp s office. in a statement this afternoon sir keir insisted repeat ....
some reports say the treasury secretary, janet yellen, has been personally calling chief executives to warn them of the dire consequences a default could have on the us and the global economy. so how did washington end up here again? samira hussain has been investigating. first of all, this debt ceiling crisis is actually a political crisis, itjust happens to hinge on a must pass piece of legislation to save the country from economic catastrophe. so what exactly is happening here? major consequences for the economy. the us could default on its debt in a matter of weeks. debt limit measuresl may be exhausted. weeks to go before the federal government is unable to pay its bills. well, the us government spends more money than it brings in, so it needs to borrow money to pay its bills. it can only borrow a certain amount of money and if it needs to borrow more, congress has to approve that. it used to be a routine thing but not any more. republicans see this as an opportu ....
slower demand for consumer goods, rising borrowing costs and constant talk of a global recession, have not gone unnoticed by the manufacturing sector, which is currently experiencing acute challenges balancing supply and avoiding over production. january data from many of the world s key economies will be unveiled later giving the earliest signs of how the global economy is faring. many economists will be looking for risks of recession and any pricing trends. fhaheen khan is senior economist with make uk the manufacturers organisation that represents 20,000 companies of all sizes. good to have you on the programme. wejust heard good to have you on the programme. we just heard from japan and you said many countries are coming out with pmi data say showing that the manufacturing shrank for a third row that make months in a row injapan. export third row that make months in a row in japan. export weakness is seen as persistent at the moment and that is the concern, isn t it ....