now is the time for economic news alexandra the us federal reserve noted the slowdown in the us economy once again raised the base rate. tell me how strong tatyana is a quarter of a percentage point for now i'll start with russian news. russian banks last year increased their authorized capital by almost 180 billion rubles. this is reported by the press service of the central bank, while 29 credit institutions underwent additional capitalization , the additional issue became the main tool for growth. almost half of last year's investments fall in december. may be required, but there are no systemic risks for industries. the government will not extend the delay for tour operators to return money to customers , the izvestia newspaper reports, citing the ministry of economic development , which emphasized that the delay was in effect for more than 2.5 years and ended last year. during this time, more than 90% of debts were repaid and if on april 22, it was about 40 billion rubles. that in december is only one and a half, although representatives of the tourist industry call the amount a li

now economic news alexandra the us federal reserve noted the slowdown in the us economy and once againd the base rate. tell me how much tatyana is a quarter of a percentage point, for now i'll start with russian news. the government will not extend the delay for tour operators to return money to customers, the izvestia newspaper reports , citing the ministry of economic development, which emphasized that the delay was in effect for more than 2.5 years and ended last year. during this time , more than 90% of debts were repaid and if on april 22, it was about 40 billion rubles. it ’s only one and a half in december, although representatives of the tourist industry call the amount a little more from 4 to 6 billion. it’s just that the us economy has slowed down significantly, and inflation is still too high this conclusion was reached by the us federal reserve and raised the base rate by 25 basis points. now it is in the range from 4.5 to 4.75%. the main concern of the regulator. causes prices to rise last year. it reached 9%, which had a disastrous effect. the fed is trying to bring down

note, as investors digest the latest earnings reports and look ahead to the outcome of the us federal reserve meeting. autonomous green trucks, it's the climate enthusiastes dream, we check out the business who is attempting to make it come true. and it's world hijab day today. we look at the modest garment that spawned a $300 million fashion industry. let's get down to business, there were no january blues on wall street as the month ended on a high for investors. lets look at the numbers some of the biggest names in corporate america have been reporting their latest earnings. the dow is up 2% in the month, the s&p is up 596. the rally comes as investors also look ahead to the us federal reserve as a two—day meeting gets underway. my colleague samira hussain, with more from new york. 2022 was the worst year for the stock market since 2008 year, so far, is proving to be different with financial markets posting strong again for the month of january. markets posting strong again for the month ofjanuary. 0n for the month ofjanuary. on wednesday, all eyes moved to washington for the latest intere

millions around the world face higher borrowing costs — as the us federal reserve warns the fight againstnflation is not over. recent developments are encouraging but we need substantial more evidence to be confident that inflation is on a sustained a downward path. also coming up: controversy in the pipeline. shell set to reveal record annual profits as homes and businesses struggle with sky—high energy bills. plus a year to forget for meta. the first fall in annual sales for facebook�*s owner since it floated on the stock exchange a decade ago. can it win back its friends on wall street? and — winds of change. cloud computing, augmented reality, and 100km/h yachts! how sailgp hopes to get the video game generation on board. this we start with the cost of borrowing — because it is on the rise again. in the next few hours the bank of england and the european central bank are both expected to increase their main interest rates by half a percentage point to their highest in m years as they battle to bring inflation under control. good news for savers of course, but piling more pressure on b

us to receive it. it's a grey hat. we have the top business stories next. it is all about interest rates. the federal reserveal bank so prepare for comment and analysis and the other top business stories. see you in a moment. hello there. there's a lot of settled and dry weather to come for many of us over the next few days and indeed even into the weekend. it's going to be very mild as well. certainly on friday it's going to be extremely mild for early february. and that area of high pressure will bring a lot of dry weather, too. these weather fronts will always be flirting with the north of the uk, bringing rain at times, particularly to the northern half of scotland. and it will be a little bit windier here as well. as you can see, more isobars on the charts. but we start thursday off on a mild, fairly cloudy note across the south, even into southern scotland, parts of northern ireland as well. a little bit cooler for the northeast of scotland. it's here where we'll start very wet, quite windy for the north and west of scotland. elsewhere, southern scotland, northern ireland, much of england and wales dry

growth rate of the us economy has slowed down significantly, and inflation is still too high the us federal reserveised the base rate by 25 basis points. now it is in the range from 4.500 to 4.75%. the main concern of the regulator. causes prices to rise last year. it reached 9%, which had a disastrous effect. the fed is trying to bring the figure down to two percent, and therefore raising the rate to take loans from banks becomes unprofitable as a result of the population spending less, and manufacturers are forced to hold back prices so as not to bring down sales. so the depreciation of money slows down last year. the rate was raised seven times, but to reach inflation target failed by january. the figures fell only to 6.5%. in such circumstances , the fed sees no other option than further tightening of monetary policy. the us economy slowed down significantly last year , real gdp growth rates turned out to be worse than the trend of recent years and amounted to 1%. recent figures are already showing modest pace. rising costs and production. consumer spending is on the rise, but at a moderate pac

growth, because, together with world stock exchanges , it is waiting for the decision of the us federal reserve will be soft whether it will or not. known. today after 10:00 evenings in moscow, the ruble is losing what the dollar earned yesterday. again above 70 rubles. the euro is more expensive, 76. today , russia's response to the fact that the g7 countries of the european union have introduced a ceiling on prices for its oil has started to work. in the most general form, this answer sounds like this: russian companies are prohibited from selling oil and oil products under those contracts that contain a mention of a price ceiling, and the exporters themselves will have to monitor this; the authorities chose the mildest answer from those that sounded and, for example, refused ideas to establish the so-called price floor, that is, a level cheaper than which oil cannot be sold, and in fact this russian response to western countries. so far , russian oil hasn't changed anything. itak now costs less than the $60 ceiling, and it is mandatory to specify ceiling compliance in contracts if the us doe

the us federal reserve made the softest decision in the past year. key rate to 4.5 4.75%. that is, only a quarter of a percentage point, and lately fet has added half or 0.75 each, but it was much more important for investors to hear what fedo plans for the future and here is its head jerome paul , noting that inflation is slowing down, said that there may be new rate hikes ahead, however, us stock exchanges. generally assessed feta's statements as positive the russian stock market has been growing for the fifth day in a row, but plus in these minutes small obvious players are already gradually starting to take profits , veon shares are still starting to take profits, at these minutes they are growing on the moscow exchange by 12% in the course of trading they rose in general at 23%, rbc writes that the government nevertheless agreed on a deal under which he , registered in the netherlands, sells vimpelcom, he works. in russia, under the beeline brand, the russian management saw the dollar in the comments of the federal reserve, softness became to be

a minimum from the sixty-ninth years, but investors are afraid that all this could push the us federal reservew key rate hikes to fight inflation, and therefore the dollar against other currencies. now the russian foreign exchange market is also getting more expensive. this is also a noticeable american worth 70-59. european , 7602. due to the lack of chips , yandex's high-tech projects, namely drones and artificial intelligence, may get up, as the vedomosti newspaper found out, this issue was discussed at a january meeting with representatives of min numbers, we are talking about nvidia graphics processors american the company stopped selling equipment to russia in march last year, and in june it stopped renewing software licenses . . as a result, only one way of parallel imports remained possible, but again, as the sources of the statements note , in the volumes that companies need, this is difficult. as a result, according to them, due to the fact that there are no chips. yandex cannot now deploy infrastructure in the country and the problem is serious and ilya's eight lines about the econo

just that the us economy has slowed down significantly, and inflation is still too high , the us federal reserveclusion and raised the base rate by 25 basis points. now it is in the range from 4.5 to 4.75%. the main concern of the regulator is the rise in prices last year. it reached nine percent, which had a disastrous effect. the fed is trying to bring down the indicator to two percent, using the classic approach, it raises the rate, it becomes unprofitable to take loans from banks, the population spends less, and manufacturers are forced to keep prices down so as not to bring down sales. last year. the rate was raised seven times, but it was not possible to reach the inflation target by january. the index dropped to only 6.5% in such conditions, the fed sees no other option than further tightening of monetary policy. the us has slowed down considerably in the past. real gdp growth rates turned out to be worse than the trend of recent years and amounted to 1%. recent figures are already showing modest pace. rising costs and production. consumer spending increase, but at a moderate pace this wa

the us federal reserve at the february meeting recognized the expediency of a further increase in thee published protocol for further tightening of the us regulator's monetary policy. high inflation is pushing, the figure for january was 6.4%, three times the goal of the fed, the priority was again indicated in the minutes of the meeting output of two percent growth in consumer prices, however, in the document. it was also noted that the speed of the rate increase will depend on the impact of monetary policy on the us economy within the framework of the dual mandate, the federal reserve is obliged to monitor not only inflation, but also the labor market, and too rapid tightening of credit conditions can hit employment. an increase in the fed's rate is always a strengthening of the dollar, which negatively affects the holders of government debt denominated in us currency analytics. besides they also note another negative factor in the growth of the dollar, rustam kasumov with details of the strong dollar, only brings the end of globalization closer. moreover, this factor is almost deci

proposed to present cars with requirements for equipping the anti-lock braking system abs the us federal reservey meeting , it was recognized as expedient to further increase the key rate, this follows from the now published protocol for further tightening of the us regulator's monetary policy. high inflation is pushing, the figure for january amounted to six and four tenths of a percent. that's three times the fed's target. in the minutes of the meeting , the priority of reaching 2% growth in consumer prices was again indicated, however, in the document. it was also noted that the speed of the rate increase will depend on the impact of monetary policy on the us economy within the framework of because of the dual mandate, the fed is obliged to monitor not only inflation, but also the labor market, and tightening credit conditions too quickly can hit employment. an increase in the fed's rate is always a strengthening of the dollar, which negatively affects the holders of government debt denominated in us currency analytics. in addition , they also note another negative factor in the growth of the

and that certainly spooked investors, with prices still running well above the us federal reserve�*s. the task of taming inflation is not straightforward, a fact recently acknowledged by fed chairjerome powell, who warned the process wouldn't be easy. and it looks like he's going to have to do it without one of his top lieutenants. federal reserve vice chair lael brainard has been picked byjo biden to replace brian deese as one of his top economic advisers. the change to the president's economic team comes as the fed is trying to fight inflation without causing a recession. now, all of this has prompted executives at some of america's biggest banks to give a more upbeat assesment of the us economy. goldman sachs, bank of america and wells fargo — their words mark a shift in tone and reflect the growing belief that the federal reserve is winning its battle of taming inflation and avoiding a recession. let's delve into that a bit more with janet moyee, head of market analysis at rbc brewin dolphin. thank you forjoining me. key to all of this is the us consumer, harissa led —— how resil

it could bolster the resolve of the us federal reserve, which has said it's committed to keeping ratesres in roku were up around 12% in after—hours trading after the content streaming company projected strong first—quarter revenue despite high inflation. like other platforms, roku has benefited from more consumers ditching traditional cable packages for streaming services. but the company reported a revenue squeeze in december as advertisers reduced their marketing budget due to recessionary fears. and some breaking news, airbus has recorded record net profit of 11.2 billion euros in 2022. stay with us on bbc news, still to come: can the tourism industry be more prepared for unexpected, but costly, events like the covid pandemic and natural disasters? we'll take you to sunny jamaica to find out. nine years and 15,000 deaths after going into afghanistan the last soviet troops were finally coming home. the withdrawal completed in good order but the army defeated in the task it was sent to perform. malcolm has been murdered. that has a terrible effect for the morale of the people. i'm ter

bet on riskier stocks in the form of signs of economic growth, as well as the fact that the us federal reserve. in addition, demand for tesla electric cars increased at the end of december 22 elon musk became the first person in the world. who lost more than 200 billion dollars then the reason was also the shares of the electric car manufacturer tesla, but, while their value was falling. hundreds of people who bought plots built houses in a new cottage in a village in the rostov region, they suddenly found themselves outside the law of the cottage as self-construction, while earlier all permissions from the authorities were obtained for the sake of their own housing. many families got into debt. how did it happen that now the cottage is threatened with demolition , svyatoslav gordeev tried to figure it out my house in an ecologically clean area, having worked all his life, igor vakhtenko dreamed of his own house, and he turned from a law-abiding citizen into violators. he sold his apartment. in rostov took a loan from a bank. bought a plot of land outside the city and received from authorities

we will unpack what he said about the economy and what the us federal reserve chair had to say in washington speech yesterday. that is all later in our business coverage. that is all later in our business coverage. a huge rescue effort is continuing in freezing temperatures to find survivors of monday's earthquakes in turkey and syria. thousands of turkish soldiers along with international teams are taking part in the emergency operation in the south of the country. more than 7,000 people are now known to have died. 0ur middle east correspondent anna foster has spent the past two days travelling towards the epicentre of the earthquake in south—eastern turkey, and she was one of the first journalists to arrive there. from the severely hit city of karamanmaras, she sent us this report. here at the epicentre, every rescuer is waiting for this moment. after hours trapped in the rubble, a sign of life. a family complete again. each survivor feels like a miracle. but these are hard and painful days, and not everyone gets to experience hope. wailing. this powerful quake has claimed more than 3,500

policymakers at the us federal reserve are in agreement that interest rates will need to go higher, andntrol. that's according to the minutes of their last meeting at the beginning of this month, when they raised rates yet again. michelle fleury in new york has been taking a look at what they said. the fed minutes are out and clearly policymakers believe that there is more rate hikes on the horizon. that will be needed as they continue to show their resolve in fighting inflation and it is a fight, let's be honest here, that many central banks around the world are currently engaged in stopping people are looking at the united states and inflation data showing that the price increases were beginning to slow down, the pace, and so there was a sense of optimism that perhaps the kind of rate hikes we've been seeing in the united states might not be necessary going. if you look back to the last meeting at the beginning of february the federal reserve raised interest rates by only a quarter of a percentage point compared to some bigger hikes we had seen earlier in the year and previously last

morning , the fact that world stock exchanges are waiting for the results of the meeting of the us federal reservereath of calm. they will become known. today , after 10:00 pm moscow time, the ruble is losing what the dollar earned yesterday. again, above 70 euros, above 76 euros, the government allowed to make so-called simplified cars in russia. just like seconds 4 months of the decree, which was in effect until february 1 this year, the cabinet of ministers extended until june 1 the simplified rules for the russian auto industry, which has been in effect since last spring of the company they can officially make cars without an anti-lock braking system without an era-glonass automatic emergency call system, and besides, you can make cars of any environmental class, even euro-0, which was abandoned in the usa and europe back in 1992, all these indulgences are associated with the fact that due to sanctions , russian manufacturers have problems with imported components. such that avtovaz , for example, permanently discontinued the production of lada xray cars, and now, on the eve of russian manufac

the us federal reserve made the softest decision in the last year.tood the key rate to the level of 4.5 4.75. that is, only a quarter of a percentage point, but it was much more important for investors to hear what fedo plans for the future, and here its head, jerome pavel, noting that inflation is slowing down , said that there may be new rate hikes ahead, nevertheless, american exchanges. in general, the fed's statement was assessed as positive and grown up the moscow exchange starts the day also in high spirits dollar, seeing in the comments, the federal reserve. softness began to become cheaper against the ruble. its exchange rate was lower to the ruble, its rates are lower than 70, and the euro rises in price by 76, 79. if the euro is subject to new sanctions in europe, then russia may be left without sour cream, the founder of the holding agrivolga, sergey bachin, said about this in the interior of the bull. according to him problems with packaging and paint for it are now almost solved, for example, cardboard is processed at the technical depa

tracking economic data at the moment for clues as to how it might influence the us federal reserve.d to control inflation. some data this week that inflation does remain pretty high, stubbornly high. all over the world. in the uk and the us as well. you can reach me on twitter — i'm @vvalentinenews. if you are watching internationally, i'm back with your headlines in a moment. hello there. the winds are really picking up overnight. we're expecting some travel disruption and perhaps some damage across northern parts of the uk, where the winds will be strongest — particularly over scotland, over the pennines and in the north—east of england, with the peak of the wind strength expected during friday morning. it's all due to this deepening area of low pressure currently heading to the north of scotland. that is storm 0tto, that will sweep its way down into scandinavia. it's the first named storm of the season, although it was actually named by the danish met service. it'll be a very windy start to friday morning, a very mild start as well. the rain in the south being replaced by showers

note, as investors digest the latest earnings reports and look ahead to the outcome of the us federal reserve come true. and it's world hijab day today. we look at the modest garment that spawned a $300 million fashion industry.

kriti gupta. 40 minutes away from the federal reserve decision, followed by a news conference from chair jay powell. all eyes on washington. michael mckee joins usthe federal reserve. mike, thank u.s. always for joining us. walk us through what we can expect. michael: not much doubt the fed will be raising interest rates and the bet on wall street is 25 basis points. they talked about a going into the quiet period, the idea that they want to scale back a little bit so they can make sure of what is going on in the economy and not push it into recession. they are getting close to what they said in a december would be there terminal rate. they have it at 5.1%. we are 4.5 right now. the question is how do they signal that they are getting close, or do they signal that they are getting close to the e nd? each statement the last couple months said that ongoing increases in the target rate would be appropriate. do they drop the word "ongoing" and say "further rate increases"? that will be something to watch for today. jay powell, is he going to push back on the markets for pricing in the idea of rate cuts this year? kriti: certainly something we are ke

the us federal reserve made the softest decision in the last year.the key bet down to the 4 1/2 level 4.75%, that is only a quarter of a percentage point. lately, fet has added half or even 0.75 , but it was much more important for investors to hear what fedo plans for the future and here is its head jerome paul , noting that inflation is slowing down, said that there may be new rate hikes ahead. nevertheless the american exchanges. in general , they assessed the fed's statement as positive . the russian stock market is growing for the fifth day in a row, and now it has even been able to accelerate the pace, despite falling oil prices. veon companies are currently growing on the moscow exchange by 14% rbc with power sources reported that the russian authorities nevertheless agreed on a deal under which he, registered in the netherlands, sells vimpelcom operating under the beeline brand to its russian management for a week. back there was information that the government commission did not agree to make it for revision, and then there was a message tha

the results of the meeting of the us federal reserve.even be a decision on the key rate, but comments that the ruble will give an answer by the evening. accelerated its decline, because oil began to actively become cheaper dollars on the basis of trading, 72 euros 76, 48. today, more than ever, the discussion began. can artificial intelligence to write a thesis and successfully graduate from a russian university, it all started with the fact that rsuh student alexander jadan tweeted how he had prepared his thesis in a day using the gpt chat bot. this program with artificial intelligence appeared in november last year. it can compose text , answer questions, write codes, draw, and in a conversation with the user, the program can remember, previous questions and answers alexander jadan told in detail on twitter how he asked the neural network to first write a diploma plan, then the text under this plan then draw conclusions add literature. not without problems, but the neural network managed the anti-plagiarism system showed that the work

are full of optimism yesterday us markets were growing today it is the turn of the european us federal reservenk and the bank of england all raised their key rates, but in the statements of each, investors saw hints that this process of raising rates could soon stop, that is, the fight against inflation is going well russian stock market completes growth, the fifth trading day in a row, the shares of veyon, today on the moscow exchange imitated the results of trading by 13.5% rbc, according to sources, said that the russian authorities nevertheless, a deal was agreed under which he, registered in the netherlands, sells vimpelcom operates under the beeline brand, his russian management received information a week ago that the government commission did not agree on this deal and sent it for revision. and all this against the background of the message that the state holding rostelecom can buy megafon and today's growth in one shares is a reaction to the fact that vimpelcom, apparently, will remain private, and will not come under state control, the ruble today tried to grow against the dollar, bu

there fell to a minimum with 1969 and now investors are afraid that all this could induce the us federal reserve, and on these expectations that fedot's policy will become tougher, the dollar rises in price against other currencies. this is also noticeable on the russian currency market. the dollar is also trading today . it rose higher, 71. for the first time since january 9, but the euro fell today, 76 the russian car market, having slowed down the pace of its decline in december, left again in january. in the autumn minus in the sale of new cars in the country in the first month from the age of 23 fell by 63%. this data from the association of european businesses in december was -50%, in november -62 in october -63. the main reason is the lack of a car dealer according to rosstat. last year , 450,000 cars were assembled in russia. this is a historical minimum, and the government, due to problems with components, allowed russian automakers. another 4 months until june 1 to assemble the so-called simplified cars without anti-lock brakes and without an automatic emergency call system . glonass e

the united states is rising because we are already waiting for a 5% mortgage rate from the us federal reserve to 7% goes to in the united states, it was 2% cheaper for another month. uh, it's seven now, and it's a tough situation for american society. uh, it turns out that this growth in the trade deficit, the growth of government debt and the confidence of the biden democratic party team now, because they can still increase the debt. and they can still build up, so this all has the reverse side of the destructive processes in the american economy in american society. and the longer they put off radical surgery in this problem, and the worse will be the situation in the american real sector. eh, no matter what clusters they try to artificially support, the whole system will still degrade. and this seems to be the basic scenario for today, because they are not going to declare a default. uh, obligation- declare it mandatory. they don't have to, because they have to end up in the federal reserve. she will buy back paper from any creditors of foreign countries and put away a safe somewhere in he

hires last month, which means the unemployment rate is now at its lowest since 1900. 69 us, despite the federal reserve repeatedly raising interest rates in an effort to call inflation or us president joe bought and says, job growth is proof of a strengthening economy. we have created more jobs in 2 years in any presidential term anytime in 2 years. that's the strongest 3 years of job growth in history, by a long shot. as my dad used to say, jobs about a lot more paycheck, despite dignity and 12000000 more americans get up every morning. knowing they can provide for the families with a dignity incentive sell forth that had mercy hardy j caster reports from washington d. c. this is more than double what wall street had been expecting. $517000.00 new jobs created just last month alone. and as well as this falling unemployment rate, now it's at 3.4 percent, which is indeed a 50 year low for the united states. and this comes also as sort of a conundrum, because we've seen the headlines from last month of some, $10000.00 layoffs going the other direction with especially the tech sectors of companies like me

that's what the federal reserve once you and i don't want that we don't want to lose our jobs. but the federal reserve wants us because that will be fewer people feeling this inflation. so we'll we'll, we will continue to see fewer jobs being produced because the cost of hiring now is really expensive. all right. very good. we have to leave it there. george and chatty. morgan stanley family wealth advisor always appreciate your time and insight, sir. okay folks. thank you. thank you. well, the fbi conducted another search of president biden's property today , the third since classified documents were found at the president's former office in november. white house spokesman ian sams says they went to, um the beach house and no classified marked documents were found that 3.5 hour search was planned and coordinated with the president's attorneys. it comes nearly three months after the president's personal lawyers first discovered a set of classified items at the penn biden center in washing. sington now the white house is facing growing calls for accountability. i really think the white house should really give u

us. >> the federal reserve's preserved gauge of inflation. the price index rising 5.4% in january from a year ago. it just asks this growing evidence that inflation has not peaked giving the two reads we received last week on consumer price indexes and producer prices which showed that prices are back on the rise. now, the question markets are trying to apps is whether january is an outlier or the start of the resurgence of prices going higher. it fuels the narrative of higher interest rates. wall street will look to the unemployment data to see if the unemployment rate is starting to tick up and from that report, what wall street strategists will extrapolate the average earnings, but clearly markets responding, the dow now negative for the year. >> see ma, thank you so much for that. >>> meantime, the justice department today seizing $75 million worth of properties, belonging to a russian national. it's part of their operation to punish russia for its invasion of ukraine. nbc's tom winter joins me now. what more can you tell us about this ol

that they will hold rates higher and is that the caonundrum in the market >> joining us now, former federal reserve vice chair for supervision, randy quarles welcome. >> good to be here >> takes it is a conundrum fore fed. inflation is starting to come down but as we saw, it is not happening very quickly and there is still a lot of parts in there that are proving pretty sticky. so what does the fed do? >> well, i think that the first thing you have to remember is that the fed's policy acts with a lag and that lag is at least six months of historically people have thought that that lag would be a year, even two years before particular policy action flows through to the economy. now, there is very good reason to believe that that traditional one year, two year lag estimate is going to be shorter in the cycle and i think that it will be shorter, but even if you assume six months, we will just barely be seeing the effect of the first 75 basis point interest rate increase in the economy now. and so the repeat of 75 basis point increases will work its way through the economy over the next several months.

kriti: talk to us about the federal reserve, do believe the story that they will still tackle inflationr is the market where it to be? >> when i was on with you, i used the term called our favorite imaginary friend the fed pivot and i think it's still imaginary. it's hard to believe based on the numbers we are seeing in unemployment last couple of days that everything else going on that we will get to somewhere around 4.5% unemployment in order to lower rates 50 basis points. what this looks like is a little bit of circular reasoning. when you put in that formula and it refers to itself and doesn't work, if the markets move higher significantly and we see labor continue to them roof in terms of the number of jobs available and open, i think that almost pushes inflation higher. you got this situation playing out in the markets that will potentially keep inflation higher. kriti: to be clear, you don't buy the idea there is a cut in the next six months? >> everything can change but not as of this moment. kriti: the market has been pricing in a recession at the end of 2022. if you are looki

the us federal reserve system, acting as the country's central bank , recorded a significant slowdownpment of the american economy last year, fed chairman jerome powell announced this, noting that real us gdp growth at rates below 1% is difficult for residents of the traditional african american latin quarter of new york harlem, the economic research of the fed is of little interest and is much more concerned about another issue. why did the us authorities allocate 100 billion dollars to some kind of kiev regime, and indignant people do nothing for harlem? attacked a member of the us house of representatives from new york andriano aesthetes. and against this background , a new luxury item seems to have appeared in the united states and we ended up with chicken eggs. the thing is that due to the record-breaking inflation of the epidemic of absorbing influenza. the price of this product has tripled in the last year. now a dozen eggs in the states can get by with a buyer. 8 dollars this is about 550 rubles. at the same time, in mexico, eggs are eight times cheaper. now , an unprecedented

>> it would be a mistake for us to look to the federal reserve and expect them to fix disinflation entirelythe fed has a role to play and we have a lot of demand in their interest rates have an effect. they are not set up to be super effective right now. balance sheets are good and in the interest rate sector, we've seen housing take a big hit. construction employment has still held up so it's really hard for the fed to get to interest rate sensitive sectors which are not that large to consumer spending. romaine: what gets us there? i've heard the argument that the main mechanism the fed has only accounts for certain percentage of inflation. some put it around 40% but less than 50 and the rest will largely come from supply-side changes, fiscal policy changes, etc. how much can we rely on the fed in the context of how much they can get inflation down based on their own pricing mechanism? >> the fed has a role to play but the only work on demand. we know there is still a good bit of supply-side inflation. the labor shortages, it helped that we had a million more immigrants come into the count

federal funding in return for a republican dominated house to raise that debt ceiling. okay, thanks very much mike. that is my can of for us from washington d. c. u. s. federal reserve has raised its target interest right by a quarter of a percentage point, the central bank continued to promise own going increases in borrowing costs, as part of its battle against inflation. the statement, the fed said inflation has ease slightly from the 40 year highest hit last year, but it is russia's worn ukraine was still adding to global uncertainty. helen fisher has more. the rise and interest rates of one quarter of one percent is very much in line with expectations. it is the smallest rise since almost a year ago. but it still takes the interest rate here in the united states to around 4.75 percent the highest. it's been in 15 years. know the fed back in december, was talking about possibly raising rates to 5 percent or above. they haven't felt the need to go that far, because they think that the rate of inflation is slowing down and we know are the inflation crisis has hit millions of families across america with increased prices . the fed chairman jerome poll acknowledges

legal entities of the central banks, and there are some government funds, now it is the us residents of the federal reserveare the main foreigners who have been quietly selling this for 7 years now. let's figure china yes. i remember the figures, approximately more than a trillion, in my opinion, they had 1.300 central bank bonds on their balance sheet, and according to the estimate it was now, in my opinion, they have less than a trillion, well, 1.300 trillion 300 is now less than a trillion. that is, this decrease is 20% more. yes, there are 20 more than 30. yes? yes actually. what else besides gold? that's where else the central banks of the world in such volumes of hundreds of billions of dollars can find yourself. well, it's a good hiding place. yes, there is some other asset, that, besides gold, that it is not bitcoin, well , there are no other options, and including, by the way, the situation with russia when our international reserves were blocked. she gave. actually accelerated, only this process. everyone understood that, in principle, their reserves, which they hold in foreign us government secu

your take on how to invest around what is clearly bifurcated, a very tight labor market the federal reserve, usingsfufl sufficiently restrictive what is sufficiently restrictive what does that is mean for your strategy investing. >> sufficiently restrictive measured in a number of case i look at what consumers say about interest rates or bids when you look at the nfib, small business, organization data come out this week, they've been complaining about availability of loans having difficulty accessing more credit when you look at consumers ask them in michigan survey consumer sentiment are prices is the cost of financing low for an automobile or house we are at lowest level since 1982 in other words, the perception for consumers looking to buy big ticket item has never been worse i would say based on that things are pretty restrictive, with regards to housing data this is a really unique period right now. and if you look through history, some investors have, some have not, there is always a bit of a bounce in the housing data, and housing stocks as mortgage rates start to come down when investors

would be the smallest hike since the central bank began its cycle last march. >> joining us now is the federal reserves." jenna, they are still happening, but it's coming down. are we coming to the entd of the fed tightening rates? >> that is the question everybody would like to know the answer to. we should get some hints a about that today. the chair gives the press conference after the release at 2:00 p.m. and he is hopefully going to have to sort of give us a little more detail about what the fed is anticipating going forward. as of december, they were anticipating two more rate increases after thrks but inflation has been a little slower since then. some are expecting that to dial that wac. >> given that inflation has consistently been on the downward trajectory. it's still high. but it is going down. the economy has remained resilient. why doesn't the the fed just take this opportunity to sit it out and take a more wait and see approach as oppose odd to raise interest rates. >> i think that's what they are trying to do with this slowdown, but there's a real tension. when they stop raising intere

the following mechanism will support the use of funds for national projects that are reserved by the federal budget for 2024. the regions will be able to receive and use now through interest-free treasury loans in april next year. they will be automatic. we will keep this issue under constant operational control and ask the state council commission for economics and finance to get involved in this work. at the same time, we do not need assault and the pursuit of volumes, especially to the detriment of the quality of the objects called, additional financial resources should work with high returns and effectiveness. this is actually important for the modernization of primary health care , such a large-scale program was launched in our country in 2021. i ask governments and regional leaders not to forget that the main criterion has already been spoken about many, many times, not the numbers in the reports. more specifically, visible, tangible changes in the availability and quality of medical care are also the government adjust the regulatory framework for organizing the procurement of ambulanc

. >> joining us this morning, former federal reserve vice chair, richard clarida, currently managingtor at pimco. richard, it's so great to have you. i was just looking at your blog post today, in which you say, markets are finally listening to the message they've been getting for months although you add, the fed has already done most of the heavy lifting they'll need to do before they pause later this year does that sort of match up with what at least the market heard from bullard today >> i think so. you know, we've had this tug-of-war since last summer, occasional, between market pricing and the fed. and we saw another one of those bouts coming out after the february 1st meeting i think with the stronger than expected payroll data and some of the inflation in retail sales data, market pricing is now not only in line with the december dots, it looks like it's getting in line with where the march dots may end up. i think we need some perspective. the fed did a lot last year. it was the most aggressive rate hike cycle in 40 years and we think that they're close to a pause, but they d

us on the tesla file. coming up, the federal reserve is set to release the minutes at the top of the hour which could reveal how many officials consider a 50 basis point rate hike. more details next. this is bloomberg. ♪ if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more. jon: this is bloomberg markets. i am jon erlichman with critiquing tub. time now for two days for what it's worth. 5.25% is where the terminal fed funds rate may peak according to an economists surveyed by bloomberg. seven high inflation has the streets calling for more rate hikes. meanwhile, we will get more insight at the fed minutes at the top of the hour. let's bring in gina martin adams. for more on what the market is going to be watching for, what is your best assessment? n --gina: i would say the equity market is were vulnerable to be news coming out today.

continue for a little while longer what we had for a long time is a disconnect with the federal reserve telling ussistently which is rates are higher for longer and the market for a long time didn't believe what the fed was saying when we came into the year, we had a nice rally in the equity markets and fixed income has sharply turned equities, on the other hand, have only started to do that the higher duration and lower parts of the market have room to come down. >> i want to talk about riskier assets investors have faith in the risky assets the poster child is the ark etf. we have seen in february with those stocks taking a slide. the rates rising 50 basis points from the low in january. how much longer do you see the trend continuing what can stop the trend of risk-on? is this investors being confident in risk as sets >> risky assets were oversold coming into the year we have gone too far too fast. i talk to clients and the message is don't chase the market higher. the market needs to start rewarding fundamentals and the equity markets needs to price in federal reserve expectations before we ca

tom: ladies and gentlemen, the chairman of the federal reserve. stay with usteo. search for survivors after earthquakes in turkey and syria. the first was a 7.7 magnitude quake struck along the border of the two countries and the most powerful to hit turkey in a century. the kremlin said vladimir putin is offering help to both turkey and syria. american lawmakers demanding to know if the chinese balloon that was shot down over the coast -- coast of south carolina was carrying technology from the u.s.. divers are trying to salvage what they believe is spy equipment from the balloon and expected to be hauled up in the couple of days -- next couple of days. it is one that american consumers would suffer if they default on their debt. it would cause a spike in borrowing costs and would squeeze americans. there is a standoff between president biden and house republicans over raising the debt ceiling. renault and nissan will reshape alliance. the agreement is aimed at easing long-standing tensions between the two automakers. in franch, the rothschild family plans to

fed's decision to raise interest rates as expected by 25 basis points joining us now robert heller, former federal reserve governor, governor heller, welcome it's always good to see ou what is your reaction to what the fed did and what it said in its statement? >> no great surprise for me. everybody expected 25 basis points as the fed is slowing down its tightening process. the big question is whether they're really done or not if you look at the money supply, an important variable the fed does not tend to look at, it's actually negative so that is another indicator in addition to the inverted yield curve that the economy is slowing down, that we will be facing a recession in the middle of this year >> so that is your base case there will be some sort of recession by midyear does that then argue that the stock market has it wrong? the market has been rising here for the past three or four months generally and it put in a very nice month of january do you expect that to cease if, as you just said, the telltales of recession become more evident? >> well, tyler, we all agree markets tend to be forward lookin

love to see the 10-year breakeven for inflation firmly in the 2% area, giving us confidence of the market sees the federal reserve as credible in bringing down long-term inflation expectations into the range of price stability. i'd also love to have an understanding of how earnings are going to continue developing, to killer, in the worst of q1. these are important milestones in terms of equities. and i see some selective opportunities already now in equities, for example, china equities are likely to continue to be supported by the reopening. and how it is going to translate into earnings for that market. francine: overall are we underestimating the big concerns in terms of margins for earnings? or could we have -- if they don't get better, don't get worse? nanette: there is a certain complacency in terms of how resilient corporate margins are going to be. and how simply the earnings trends will evolve in the future. but what concerns me predominantly is that the market has been focusing on deltas, for example, the fact that central banks are increasing interest rates by less than a month ago, two months ago, th

us at (202) 748-8003. roben, the federal reserve raised interest rates by important point last week.oes that and the jobs report make it more or less likely they are going to raise interest rates again? guest: it makes it more likely, at least a quarter point in the next meeting. there is not much science to this to try to see what the pain points of the economy is. you cannot imagine the federal reserve chief not being happy about a job port like this but it is not making his job easier. you still speak to restaurant owners, to hotel rob breeders -- operators. you have to sweeten the pot with wages and benefits and perks and that is inflationary and that worries the fed. i think inflation is way too high for the fed's comfort. unemployment where it is right now arguably could be a little bit higher. what is the equilibrium that gets the fed to equal policy? that is the question right now. host: a lot of viewers may be confused at why the federal reserve would see people going to work as something that is bad for the economy. guest: not bad in isolation, but this kind of story in hir

us tonight. thanks, jenna. the federal reserve raised interest rates again today by one quarter of a percent in its efforts to tamp down inflation. the feds benchmark short term rate now stands at a range of 4.5% to 4.75% the fed chair, says he's still anticipates further hikes that could put the rate at about 5% even though there is some evidence that inflation is easing. i do think that in this situation where we have still the highest inflation in 40 years. you know the job is not fully done. paypal also said he had some words for the white house and capitol hill, saying they need to raise the debt limit now and that it's risky to wait until june. also today, speaker kevin mccarthy and president biden sat down for the first time to discuss the issue . tell you in perspective was a good conversation, no agreements. no promises, except we will continue this conversation. the two met for more than an hour at the white house speaker. mccarthy has said he wants to negotiate over cutting federal spending as part of a larger agreement