the us federal reserve raises the cost of borrowing again to a 16 year high. and we'll look ahead to the euroipean central bank decision expected shortly. welcome to world business report. here in the uk the competition and markets authority is launching a review of the artificial intelligence market. it will include the models behind popular chatbots like chatgpt. ai industry has faced scrutiny from regulators lately, over the pace at which it is developing technology to mimic human behaviour. the uk watchdog will assess whether or not ai provides an unfair advantage to companies that are able to afford the technology. let's speak now to stephanie hare, who's a tech expert. what will this review focus on? it will focus on may two things. because this is the competition authority, it will focus on ensuring open competition and consumer protection. that is very different from what we have been hearing leaders in al worrying about, which is a existential threat to humanity. it was only in the last few weeks that the godfather of ai quit and he talked about the d

our top story today: will the us federal reserve raise rates one more time? or will it take a break? as the fed meets to decide whether to raise interest rates again, rising prices aren't their only worry. the turbulence at first republic this week has revived worries about credit conditions. major us stock indexes fell more than 1% each on tuesday. shares in several regional banks in the us have dropped sharply, as investors fear the banking crisis is not over. another area of concern is the labour market, which while still strong is showing signs of cooling. so what will america's central bank do and say? the bbc�*s michelle fleury reports from westchester, new york. losing momentum after nine rate hikes in the past year. the federal reserve�*s efforts to cool the us economy are having an effect. this is a chain that you'll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first—hand. right now, we're expecting some softness in the marketplace for probably six mo

the us federal reserve raises rates once again, but could it be the last hike in a while? a teenager is arrested after eight children and a security guard are shot dead at an elementary school in belgrade. hello, i'm sumi somaskanda. first, news out of ukraine, with explosions heard in the capital of kyiv. our correspondent hugo bachega, who was sheltering underground, when the air raid alert in the capital went off at around 02:20 am local time. the bbc team heard at least one loud explosion and the city's air defence has been activated. earlier today, ukraine says at least 21 were killed in an attack on kherson. missile strikes hit a market, a railway station, a petrol station and residential builings. it comes as ukraine's president zelensky denied that his country carried out an alleged drone attack on the kremlin. russia says it was an attempt on vladimir putin's life. this video, which appears to show the drone attack, remains unverified. our analysis editor ros atkins has been taking a closer look. russia claims ukraine try to kill vladimir putin in the early hours

the us federal reserve raised the key rate for the tenth time in a row and for the third time in a rowof a point in general, the decision was expected and therefore the main thing that interested investors. what hint will the fed give about its future actions. and while she was at a press conference, the head of the fed, jerome powell, said that while the regulator has not made a decision on whether to stop the cycle rate hike press release following the meeting of investors. the signal found by fet no longer suggests that further tightening of monetary policy will be required credit trading in the russian stock market. now they are in the black thanks to rising oil prices. the ministry of finance was expected to announce this week that it is switching to buying yuan into reserves, but this did not happen today. the ministry announced that in may it will continue to sell yuan from the nwf. true, the volumes are almost two times less than the ruble was in april on this news that the ministry of finance between the ministry of finance continues the policy of selling yuan, the dollar bega

they just interfere, just a choice, like between a plague and a caller, any decision by the us federal reservea fall in banks, or this is an acceleration of inflation . the problem is that the us government is trying to go in two directions at the same time, so inflation does not work, because they flood the banking system with money, or save banks, because they are forced to raise the refinancing rate thus, while fighting inflation, the second year of unprecedented crippling sanctions against russia was underway. on may 3, the german edition of the focus published an article with the subtitle, only in three countries the risk is higher than in germany, such pessimistic conclusions were made on the basis of april bloomberg data. here they are risky great britain 75% in the usa 65 in germany 60%, russia in this table is in a comfortable tenth place according to the forecasts of the ministry of economic development this year the economy will show growth germany yes. but this is inevitable, because such a sharp and violent energy transition from our energy carriers undermines the competitiveness

well, after the us federal reserve once again raised the key rate, the bankers. worried about the state of the entire financial sector. usa the problem is out already there is less and less agreement on the political level between the administration, which was beaten by the us congress. agreement on what to do next, state debts have already hit the ceiling, and exceeding it means default, 6 us corps alexei veselovsky on how washington intends to resolve the insoluble america has been going for 200 years. what to do if the country is used to living in a big way and constantly having to borrow, but this time the fight over public debt promises to be especially principled money from of the us government may end by june 1, but to agree on whether it is possible to borrow further and how much to borrow politicians are not yet able to us government debt 31 trillion dollars, the threshold of 31 trillion dollars with small change, there is very little money left and the head of the us treasury, janet kelen, in desperation draws gloomy default prospects if congress fails

the meeting comes ahead of the much anticipated us federal reserve own monetary policy decision laterhe last few months, some asia—pacific central banks have started to hit the pause button on rate hikes, australia included... but the us central bank has continued raising its key interest rate, despite the banking turmoil there. so what lays ahead ? lets bring in catherine birch from a—n—z now for more. financial markets and most economists are experts in the rba to pause but we think the decision would be a close one still far too high but the key safety data shows inflation is coming down and probably was in line or slightly below what the rba forecast and there is economic data that will feed into their decision today. we have just been talking about how the us economy has been impacted by higher interest rate, and particularly the banking sector. how much has australia's economy being adversely affected by the cycle? the banking sector in australia has been very resilient we look across the economic data and see signs of softening but it seems there is a lot of momentum in inflati

the us federal reserve raises the cost of borrowing again — to a 16—year high. has it finally done enough to tame inflation? also coming up — more controversy in the pipeline as oil giant shell announces another multi—billion dollar quarter. plus — deserted by a changing economy. the towns and villages in rural spain that are battling for survival. hello, i'm sally bundock with the top business stories. and we start in the united states where the central bank, the us federal reserve, has raised the cost of borrowing for the tenth time. the quarter—percent rise puts the fed's main interest rate at between 5 and 5. 25% — the highest it's been in 16 years. but has it done enough to tame inflation? or with banks struggling and recession looming, has the fed gone too far? our north america business correspondent samira hussain reports from new york. inflation remained stubbornly high, to try to get the cost of living back down to more normal levels the federal reserve has raised interest rates ten times in a little over a year, now it seems it may be ready to perhaps

airline tickets, and new cars drove the falls, still it is a long way from the 2% target of the us federal reserveeen sharply rising interest rates trying to control inflation. disney's latest financial results show the media joan mir ——jane has made some progress in cutting its losses from streaming, even as the number of subscribers to disney plus fell sharply. this is a first set of quarterly results and bob iger returned to leave the country and he is trying to slash costs by i $5 billion this year. michelle fleury has more. disney said losses in its streaming business totalled $659 million, an improvement from a year earlier. the progress was largely down to price increases introduced last december. since his return as chief executive, bob iger has made restoring profitability and is on a video offering a top priority, during a call with investors, he said it was on the right path to streaming profitability, even with your right —— right astray going on right —— right astray going on right now. lawson 2019, disney plus enjoyed explosive growth, but costs also balloon. by spending less on brin

the head of the us federal reserve has raised the possibility of lowering interest rates by the us centralk due to problems in the banking sector in recent days, according to analysts among bitcoin itself. there are 24,000 other cryptocurrencies that react to the price of bitcoin. it remains high at 48% , and it is not so much. it doesn't hurt. zohra , a scientist of sada and sima news agency, the volume of shares of 13 azar companies in the first and second markets and the base of the members' over-the-counter exchange. it was qazvin on tuesday, the second of june according to the provisions of article 22 of the instructions for market management in tehran stock exchange and over-the-counter, and according to the review from the 4th to the 31st of may, the base volume for 6 asset trading symbols that the market operator in the first and second markets of the over-the-counter market on tuesday, june 2nd , but the volume based on 17 trading symbols cannot be freely traded. in the over-the-counter base market, the original name will not be applied, also the basic volume of the purchase of th

it's still a long way from the 2% target of the us federal reserve. interest rates, trying to control inflation. disney's latest financial results show the media giant has made some progress in cutting its losses from streaming, even as the number of subscribers to disney plus fail. this is the first set of quarterly results since bob iger returned to lead the company. he is trying to slash costs by $5.5 billion this year. our north american business correspondent has more. ,, , more. disney said losses totalled _ more. disney said losses totalled $659 _ more. disney said losses totalled $659 million. i more. disney said lossesi totalled $659 million. an improvement from a year earlier. the progress was largely down to price increases introduced last december. since his return as chief executive, bob iger has made restoring profitability with online video offerings a top priority. during a call with investors, he said it was on the right path to streaming profitability, even with the writers strike going on right now. when it launched in 2019 disney p

the us federal reserve raises rates once again, but could it be the last hike in a while?uard are shot dead at an elementary school in belgrade. hello. i'm sumi somaskanda. welcome to our show. first — breaking news out of ukraine — as the capital kyiv comes under attack. 0ur correspondent — hugo bachega — who's currently

the head of the us federal reserve, jerome powell, said that his department will not be able to protectes economy if the national debt ceiling is not raised. washington already owes $ 31 trillion. and if the white house does not find a compromise with congress, then alexei veselovsky will strangely wait for the details. the battle around raising the threshold public debt. it's been going on in america for 200 years. what to do if the country is used to living in a big way and constantly having to borrow, but this time the fight over the public debt promises to be especially principled the money from the american government may run out by june 1 $31 trillion us national debt, $31 trillion threshold there is very little money left, and us treasury secretary janet kehlen is desperately drawing gloomy default prospects if congress fails to raise the national debt threshold, it will deal a serious blow. american families and raise the question of our ability to protect national security interests. in fact. this is still a very soft forecast, many economists predict that if the us fails to pa

and the public last one is treasury securities that are owned by individuals, companies , the us federal reserve system, as well as the government of the states and foreign countries. for example, japan has invested more than one trillion treasury securities. china 848 billion dollars, and russia began to reduce investment in us government debt in the spring of 2018 . then their size was 96 billion dollars, and then consistently reduced to two. but despite this, the echoes of a possible default in the united states can reach us. our economies, despite all efforts , remain part of the global economic system. if, uh, any financial crisis occurs, it will say that it also means economic development, it will tell the son of russian exports. well, this is far, not the first case when the issues of raising the ceiling of the state debt are so acute political discussions. yes, for example, experts from the agency, moody, now estimate the probability of default at 10% this will be an impact far exceeding the consequences of the 2009 global financial crisis. the reason for this is that the us dollar is no

our top story today: will the us federal reserve raise rates one more time?ak? as the fed meets to decide whether to raise interest rates again, rising prices aren't their only worry. the turbulence at first republic this week has revived worries about credit conditions.

the move mirrors the us federal reserve's quarter—point rate rise on wednesday. banks on both sides of the atlantic have dramatically raised rates since last year in response to a surge in inflation. professor christian de boissieu is emeritus professor of economics at the sorbonne university in paris. the lending service from the bank suggest that a credit crunch is looming. does that suggest to you that the era of credit cycle tightening has come to an end? i would first say that this credit cycle is not over yet. it is true that it cycle is not over yet. it is true thatitis cycle is not over yet. it is true that it is becoming more and more difficult for people to borrow, given the rising borrowing rates but if you take the example of the eurozone, i expect further increases in key rates before the fall. the cost of borrowing will continue to increase, there could be some credit punching that i would not speak of a credit crunch, it is too early i think. ., ., . ., , think. eurozone banks declare this week that credit _ think. eurozone banks declare this week

the meeting comes ahead of the much anticipated us federal reserve own monetary policy decision laterw months, some asia—pacific central banks have started to hit the pause button on rate hikes , australia included... but the us central bank has continued raising its key interest rate, despite the banking turmoil there. so what lays ahead ? lets bring in catherine birch from a—n—z now for more. it is good to get you in the programme, catherine. what is your sense of what will happen today? will we see more rate hikes or a bit of a pause?— of a pause? financial markets and most economists _ of a pause? financial markets and most economists are _ of a pause? financial markets and most economists are experts - of a pause? financial markets and most economists are experts in i of a pause? financial markets and | most economists are experts in the rba to pause but we think the decision would be a still far too high but the key safety data shows inflation is coming down and probably was in line or slightly below what the rba forecast and there is economic data that will feed into their deci

officials had raised an issue that if the united states cannot borrow as much as it needs from the us federal reserveowth path will be affected. america's economy may be reversed thank you for your participation and explanations and mohammad mehdi maadli, an expert on international issues . the testimony of the palestinian bride in the crimes of the occupying regime has received serious attention from the media and the public, and the crime of the zionist regime against the people of the entire gaza strip. she went to the house of luck, she made her way to the eternal grave with a shroud. we will give a report on al-alam rouh network in this regard, and she went to the house of fortune, but the aggression of the zionist regime turned this girl's wedding dress into a prophet's shroud and buried her with her dreams, which we opened with this nightmare. terrible iranians , we faced the rockets of the occupying regime, my daughters i was taken, the only thing my daughter said was that she said that she wanted my wedding to be different, but she hoped that she would have a different happiness with god . h

working to obtain commitments from the warring sides to allow the movement of stuff and supplies. us federal reserve has raised interest rates to 5.25 percent. it's highest level in 16 years. it's the 10th time and just over a year and the fed has hiked rates, as it tries to contain inflation. brazilian police of rated the home of the former president job, both in our own seized as phone federal police suspect psych records entered into the public health systems so that he can travel to the united states. also in our denies the accusation, those are the headlines that he's continues. he announces era of the democracy, maybe states. and thanks a lot, bye for a week to look at the world's top business store, thousands of people go on strikes. i have to pay the high cost of living from global markets in a small business, a tech support this, which is really important to understand how it affects counseling, the costs. oh no, just the doesn't the the we have to does the use to just look ahead. love to the good. you're love, you're getting those to jump it over the she's like, it is not with you that it'

they believe that the main risks for gold seem to be on the downside because the head of the us federal reserve may have reached the time to stop raising interest rates . the return of the 75th fleet of the strategic naval forces of the army is petersburg russia and crossing the atlantic ocean in the past, the commander of the navy to present a report to the guest of the commander-in-chief said that in this meeting he told the revolutionary leader that they plan to circumnavigate the globe for the first time as a group, a difficult mission full of various challenges, the most important the challenge of this mission is to cross the width of the largest and deepest ocean in the world, the pacific ocean. water areas with a width of more than 19,000 kilometers have not been sailed by any iranian military commander before. that finally and with reviews accurate and comprehensive all-iranian destroyer dana and the bandar makran ship for this mission, the selection of the bandar makran ship is a ship with a weight of more than 100,000 tons and a length of 231 meters . the main attempt of the dana dest

the outcome of the us federal reserve meeting may affect the dollar this week.ill be on wednesday evening and the main question. will fet hint at a quick pause in raising the key rate there? in cuba , the traditional parade on may 1 was canceled for the first time from 1959 until 2:00-3 days, and they sell a maximum 40 liters of vanilla. as noted by the guardian newspapers in the last two decades of cuba, it received fuel from venezuela by barter, the replacement sends doctors, teachers and other necessary specialists there, the former president of cuba , miguel diaconnel. he said that the country receives only 2/3 of the required fuel, because suppliers do not fulfill contractual obligations. the university of texas experts are relatives. venezuela is said to have been losing revenue for the past two decades as it does not sell on the international market due to sanctions. experts believe that the country has come to a point where it will simply no longer be able to supply cubans with oil via bam. this famous fashion designer was told by his wife yudashkina was

authorities as they stir up just a choice, like between a plague and a caller, any decision by the us federal reserven banks, or this is an acceleration of inflation. the problem is that the us government is trying to go in two directions at the same time, so inflation is not working, because they are flooding the banking system with money, or saving banks, because they are forced to raise the refinancing rate in this way, and inflation was fought second year of unprecedented crippling sanctions against russia on may 3, the german edition of focus published an article with the subtitle, only in in three countries sharply higher than in germany, such a pessimistic conclusion was made on the basis of the april data of the bloomberg agency will demonstrate growth germany is leaving minus, yes well, this is not such a hut, but a sharp violent energy transition from our energy carriers undermines the competitiveness of many industries and like german bild buildings, which are so warmly welcomed the anti-russian sanctions are ringing the alarm. bitterly, only every third company plans to increase investmen

experts believe that marketing values ​​have coincided with the comments of the head of the us federal reserveerica because of the problems in he had raised the banking sector in the last day. analysts believe that there are 24,000 other cryptocurrencies among bitcoin itself, which react to the price of bitcoin . it has 48%, and it is not facing a lot of risk, so it should not be painful . the american ministry of justice's radio and television accused a citizen of this country for designing a fake crypto-currency project . according to the report of the d clip website, the 57-year-old american trend and his accomplices in a blockchain technology investment plan have benefited more than 10,000 people. very high farid stock exchange and securities commission bahadar amerika announced that the administrative project was only a complex scheme to defraud investors and fill the pockets of the project designers . reali and his accomplices spent the investors' money on buying real estate and luxury cars . it should be noted that today more than 500,000 tons of goods and products went on the supply bo

fact that they are already gradually returning to their usual thoughts about, and when the us federal reservel start cutting the key rate. for the russian stock market the solution to the issue of the ceiling of the us government debt promises an increase in oil prices, in addition , the moscow exchange has a tradition of growing on mondays this year, and today it follows that fears about the ceiling of the us government debt have now passed and can be seen on the currency market . in the market, investors stopped insuring themselves and investing in the dollar. and so it becomes cheaper against the ruble by 3 kopecks. but the euro against the russian currency rises in price by 17 kopecks. and in the currency market today there is another interesting news that the russians will probably like, if they are going to go on vacation to turkey in the near future after the victory, erdogan's jeep in the presidential elections, the turkish lira is falling again, and, accordingly, the dollar is getting more expensive and in general, over the past year, the turkish currency has lost 30 against the doll

time rejected the request of opposition parties to hold a popular expression of will. and the us federal reserve the base interest rate to the highest level since 2006, the head of the regulator did not rule out the possibility of a recession in the us college graduates became it is easier to get a job in one's specialty; this is helped by the professionalism program created within the framework of the national education project. what opportunities does it give and how to use them? tell maria kudryavtseva in the program instruction. to learn from a future employer and become in demand immediately after graduating from college, such opportunities are provided by the professional program and the national education project. what specialties can you get? in what industries and how to find a dream college, we will tell you in 5 minutes in the instruction program professionalism has been created for graduates of the ninth to eleventh grades who are going to get a secondary vocational education, the uniqueness of this project lies in the transition to a new industry system, and the system of training q

for the second time rejected the request of the opposition parties for a popular vote and the us federal reservebase interest rate, yes, the highest level since 2006. head of regulator. at the same time, he did not rule out the possibility of a recession; the united states brought a unique cargo from east antarctica to st. petersburg. this is ice, to which it was possible to lift it from a depth of 3.5 km for more than a million years. now scientists have to decipher information, for example, about what the climate was like when mammoths walked the earth, all the details are from alexandra perfilieva. expeditionary ship academician fedotov moored in the port of st. petersburg russian scientists from the vostok station from antarctica brought ice, the age of which is more than a million years, it was possible to lift it from a depth of 3.5 km. this core is a cylinder of ice sampled during drilling, which is of particular interest to scientists, as they say the samples contain information about climate change on earth during the middle pleistocene era. period, which began 2.5 million years ago, wh

now we've seen that the us federal reserve has burst of his fights against high inflation is raised the key interest rate. so the highest level in 16 years is not the best approach to take care chris. but again, it's a really good question pizza, and i'm not sure what go be honest with the i think the, the real problem is that every time you based insulation, the price of goods goes up a lot higher than what the right looks like. so, you know, you're talking on a, a 16 percent in price rise. imagine how much of lots of bread is going to cost out to the average family in america. the average watching family, the lives paycheck to paycheck, which is a large percentage of the united states population. and how these people going to eat, how they're going to survive. and what happens if they cost divide? what happens to your workforce? what happens to the productivity of that workforce? it is the people that, that work in the hospitals drive the fire trucks and work in the supermarkets manufacture gets in the u. s, which the u. s. a. so teams to get more us manufacturing jobs. great to these

the us federal reserve raises rates once again, but could it be the last hike in a while? an elementary school in belgrade. hello, i'm sumi somaskanda. first, news out of ukraine, with explosions heard in the capital of kyiv. 0ur correspondent hugo bachega, who was sheltering

the request for the second time opposition parties to hold a nationwide phenomenon. and the us federal reserve the base interest rate to the highest level since 2006, the head of the regulator, not ruled out the possibility of a us recession in russia is preparing to celebrate victory day. on the eve of the holidays, patriotic actions, concerts and thematic exhibitions are held in the cities a new exposition dedicated to the most important events of the great patriotic war and the hero of today's special operation in ukraine was opened in the state kremlin palace kremlin palace organized an exhibition dedicated to the most significant events of the great patriotic war, the exposition from the kremlin to the reichstag presents 80 digitized works from the victory museum posters, portraits of soldiers and nurses, sketches from the fronts fully convey the atmosphere of wartime in another part of the halls of this history of divided families, unite the donetsk and lugansk people's republics, which was possible only thanks to the liberation of donbass , there are portraits of heroes on the stands, o

the us federal reserve, under the pretext of fighting inflation for the tenth time in a row , has nowe base rate to five and a quarter percent; thus, in the midst of a crisis with the bankruptcies of the largest banks, us loans have become the most expensive in 16 years, the fed raised interest rate, despite us lawmakers urging it to refrain from doing so as it could trigger a recession, wipe out small businesses and leave millions of americans without work. many financial experts believe that it was the constant rise in the cost of loans that was one of the reasons for the collapse of banks. governor aleksey dyumin inspected the construction of a modern oncology center in tula, the first patients of the institution will be able to accept at the end of this year the work is more than 70% ready. they are being carried out as part of the national health project. it is not under the personal control of the head of the region. now employs 400 people. pull engineering networks, trim rooms and everywhere there are boxes with new equipment. most of it has already been installed, for example,

shanghai composite fell a whopping 37% and tokyo ni kei at 0.37% inflation is a key factor in the us federal reserve'secision-making when it comes to setting interest rates , sustained high inflation will encourage the us central bank to keep rates high or even raise them, making borrowing more expensive a meanwhile, oil prices are down as us crude inventories rose by more than 3.5 million barrels last week, oil demand remained weak wta crude is now worth about 73 dollars per barrel of oil, the brand is about 76 dollars per barrel toyota looks confidently into the future , the japanese automaker predicts an increase in annual profit by 10%. sales are expected to rise as the global shortage of microchips eases, and this after the company's profits rose 35% in the first quarter of this year. this was facilitated by the weakening and there is nothing that increased the cost of sales abroad , as well as an increase in production volumes that compensated for the increase in material costs , the french government is trying to find out how prevent foreign automakers such as tesla from using environmental sub

the decision to raise rates, but more slowly fall as a similar move by the us federal reserve. and i'm joined now by one of germany's leading economists. veronica grim. she sits on the german government advisory council of economists. ms. graham is good to have you on the program. inflation has persisted and yet energy prices, they have fallen considerably. what is fueling inflation now? yeah, inflation is persisting helpline insulation. is still uh, has risen again in a pro, but particularly call inflation is very persist assistance. and this is youtube raising wages of the reasons negotiations have a way just significantly and also the energy prices are passed on to the consumers only slowly in some countries. in some countries this happened quite fast as in spain, but not the countries like in so many of this happens by and by, and it's still feeding into inflation. so economy is to say that if corporate profits were either turned into more wages, for example, or if you were to take them out of the equation, that inflation would be back at normative levels. what do you say t

for us, federal reserve is raised interest rates by a quarter of a percentage point to 5.25 percent. it's highest level in 16 years is the 10th time and gesture of a year. the rates increase rates to cub inflation, but the reason collapse of 3 banks has raised is that high interest rates could undermine confidence in the financial system. central bank a signal that the latest rise, maybe it's last one for now. so there's the headlines and these continue is here now just they are opt us to do a beyond scripted states with them. so much bye stuff of the united kingdom will crown a new monitor on may the king tell us that the timing is ceremony. the owners historic traditions while embracing a new mountain well followed. the pageantry from westminster abbey on now the, the canon and the curriculum that we went towards was kind of down from elsewhere. it was an imperative curriculum. that is the image of architecture in the west. if you will given old about the in the world for doing the building, you still would like to make a building that has taken out the surpass, the unnecessary and

the european center bank, following the us federal reserve, simultaneously raised interest rates, the was 25 basis points or a quarter of a percent, as was the case with the fed's decision by the central bank. it was expected that all the efforts of regulators are now aimed at fighting inflation. how long it will last the head of the european central bank found it difficult to clarify questions, only repeated a phrase from a press release with a note i quote, but, the maximum that her colleagues managed to achieve from her was a statement that measures would be taken as long as they were needed. that is, while the planning horizon of the ecb. we draw conclusions not very far. the inflation outlook remains too high for too long in light of continued high inflationary pressures the board of governors has decided to raise three key ecb interest rates by 25 basis points overall, the incoming information confirms the average daily inflation estimate we formed at our previous meeting , headline inflation has declined in recent months, but underlying price pressures remain strong nationally.

our top story today: will the us federal reserve raise rates one more time? or will it take a break? as the fed meets to decide whether to raise interest rates again, rising prices aren't their only worry. the turbulence at first republic this week has revived worries about credit conditions. another area of concern is the labour market, which while still strong is showing signs of cooling. so what will america's central bank do and say? the bbc�*s michelle fleury reports from westchester, new york. losing momentum after nine rate hikes in the past year. the federal reserve�*s efforts to cool the us economy are having an effect. this is a chain that you'll see on like roller shades and vertical blinds. something bill, who runs a family owned manufacturing business in westchester, new york, is seeing first—hand. right now, we're expecting some softness in the marketplace for probably six months or so. we're seeing a lot of softness in the marketplace as far as demand the commitment in terms of like long term blanket orders with customers. we're not seeing that

the us federal reserve has raised interest rates by a quarter of a percentage point to 5.25 percent. that's the highest level in 16 years. it's the 10th time in just a year that the fed has increased rates to curb inflation. but the recent collapse of 3 banks has raised fears that high interest rates could undermine confidence in the financial system. the central bank has signaled at the latest rise may be its last one for now. well, us thoughts of already felt the impact of that rise ending lower on wednesday, and regional banks continue to struggle despite reassurance is from the federal reserve, california bank pac last last more than half its value also reports that it's exploring a sales and western alliance bank or tumble 33 percent, a hundreds of migrants of storms and immigration station in mexico. southern border of these 2 people were injured when the crowd scramble to get documents for transit through the country to try to reach the us border. there has been an increase in the number of asylum seekers as well as migrants were trying to enter the united states. so as more o

built-in system is being monitored rhythmically, so i hope that people will support you, the us federal reserve of fighting inflation for the tenth time in a row, it raised the base rate to five and a quarter percent , thus, in the midst of the crisis with the bankruptcies of the largest banks, us loans became as expensive as possible for 16 years, the fed has raised interest rates, despite the call from us lawmakers to refrain from this measure, as it could trigger a recession, destroy small businesses and leave millions of americans out of work. many financial experts believe that it was the constant rise in the cost of loans that was one of the reasons for the collapse of the bank. governor aleksey dyumin inspected the construction of a modern nco center in tula, the institution will be able to receive the first patients at the end of this year. works are more than 70% ready. they are carried out as part of a national health project and are not under the personal control of the head of the region. see maria kuznetsova for details 400 people are currently working in the building of the tula c

fast forward to europe , to the european central bank following the us federal reserve, uh, synchronouslynterest rates. the overall increase is the same 25 basis points, or a quarter of a percent, as in the case of the fed's decision by the cb. everything was expected the efforts of regulators are now focused on fighting inflation. how long it will last , the head of the european center of the bank found it difficult to clarify questions from journalists , only repeating a phrase from the release with a note i quote. well, the maximum that our colleagues managed to achieve from her was this statement that measures will be taken as long as they are needed. that is, until horizon planning. ecb is very far away. inflation forecast remains too high the scroll of its inflationary pressure advises, governors decided to raise the three key interest rates of the ecb by 25 basis points in total, the incoming information confirms the average daily inflation estimate that we formed at our previous meeting. headline inflation has declined in recent months, but underlying price pressure remains strong

the european central bank, following the us federal reserve, simultaneously raised interest rates, an increase of the same 25 basis points or a quarter percent, as in the case of the fed , the decision of the cb. it was expected that all the efforts of regulators are now aimed at fighting inflation. how long it will last the head of the european central bank found it difficult to say e but clarifying questions, and answered only by repeating a phrase from the release with a mark quotes. well, this is nothing more than that, the maximum that a colleague in journalists managed to achieve from her. this is a statement that measures will be taken as long as they are needed. that is, while the planning horizon. ecb is not very far away. forecast inflation remains too high for too long in light of continued high inflationary pressures the board of governors has decided to raise the three key ecb interest rates by 25 basis points overall, the incoming information confirms the average daily inflation estimate we formed at our previous general meeting inflation has eased in recent months, but

that is the big question, all the action, the interest rate rise we saw from the us federal reserve,t we are talking about ten straight months of slowing inflation and that has to be good news. when you look at the inflation peak of 9.1%, that is good news that we definitely far away those crisis days and there is still more work to be done. when you consider where the fed want inflation to go at 2% on an annual basis and obviously it still remains high. the area that the economists are looking at in particular is this is subsector, because coming out of the pandemic where we saw prices rise initially was in goods, problems we were talking about the supply chains and now it is things like eating out in restaurants, airfares, the ongoing price of used cars, those are the things that that are proving to be tougher to bring down prices on. michelle, thank you for now. let's speak now to steve hanke, professor of applied economics at thejohns hopkins university in baltimore thanks for being with us and let's start with the inflation figure. good news. things heading in the right directio

us. federal reserve has raised interest rates by a quarter of a percentage point to 5.25 percent of the highest level in 16 years is the 10th time. and just over year, the fed as fact rates as it tries to contain inflation. the recent collapse of 3 banks has res, fears of high interest rates could undermine confidence and the financial system, the central bank of signal that the latest rise may be its last one. for now, chapter tons he has more from washington dc. this was the right rise, that many have expensive. the question was there whether jerome piled a federal reserve trapman would signal that now was the time for a pause in great prices. and while he said that no decision had been made on any subject, paused, he did indicate that now was the time to take stock with today's action. we have raised interest rates by 5 percentage points in a little more than a year. we are seeing the effects of our policy tightening on demand in the most interest rates sensitive sectors of the economy, particularly housing and investment. it will take time, however, for the full full effects of monetary res