yesterday there was a us federal reserve _ stop why? erday there was a us federal reserve interest rate - federal reserve interest rate decision and they decided to keep your interest rate on hold but also indicated there would be a further rate rise in the united states happening at some point in the months ahead. the dollar reacted by rising because as interest rates are raised that raises the value of the currency so the dollar has risen against a basket of other currencies including the euro and pound and other currencies so the fall in the value of the pound against the dollar as in a sense more of a united states than a uk story. the bank of england may feel an incentive to enhance the value of the pound because that will help with its inflation battle and that is one incentive perhaps to raise interest rates that will weigh upon it. interesting, we were saying 50—50. i am now looking at another analyst here saying that the money markets are indicating that it is now a roughly 61% chance that the bank of england will actually raise

decision by the monetary policy decision by the us federal reserve, which is keeping rates unchanged. but not without leaving the door open to an increase, possibly before the end of the year. officials are feeling more optimistic about growth in the world's largest economy, but they are also saying that they expect rates to stay higher for a little longer. and this is how the wall street decided to the news. all the three major us stock indices retreated in the wake of the announcement. the bbc�*s correspondent has the latest from new york. the us federal reserve left interest rates steady between 5.25% and 5.5%, its highest level in over two decades, as it weighed up its next steps. now, officials at america's central bank signalled that they are prepared to hike one more time this year. they also don't expect to cut rates by as much next year as they have suggested perhaps in the past. fed chairjerome powell explained why central bankers were moving towards holding rates higherfor longer. economic rates higher for longer. economic activity rates higherfor longer. economic activity

the us federal reserve left interest rates steady between 5.25% and 5.5%, its highest level in over two expect to cut rates by as much next year as they have suggested perhaps in the past. fed chairjerome powell explained why central bankers were moving towards holding rates higherfor longer. economic activity has been stronger than we expected, stronger than i think everyone expected.

over in the us, the federal reserve has opted to hold off from raising rates — for now.on that in a moment. the bank of england has increased the cost of borrowing 1a times since the end of 2021 as it battles to control rising prices. by making credit more expensive, it hopes households will cut back on spending. at 5.25% — uk interest rates are now at their highest in 15 years, piling the pressure on mortgage borrowers and businesses. but on wednesday, an indication they might finally be having an effect on inflation. our economics editor faisal islam reports from plymouth in the west of england. the price of fish has been rising for two years, the latest figures show it is up 7% on last year but it was closer to three times that at the beginning of 2023. for this plymouth fishing fleet under the cost of business is a skyhigh. the cost of business is a skyhigh— the cost of business is a s hiuh. ~ . . skyhigh. we are all feeling it, aren't we? — skyhigh. we are all feeling it, aren't we? the _ skyhigh. we are all feeling it, aren't we? the employees i skyhigh. we are all

the us federal reserve left interest rates steady between 5.25% and 5.5%, its highest level in over twoecades, as it weighed up its next steps. now, officials at america's central bank signalled that they are prepared to hike one more time this year. they also don't expect to cut rates by as much next year as they have suggested perhaps in the past. fed chairjerome powell explained why central bankers were moving towards holding rates higherfor longer. economic activity has been stronger than we expected, stronger than i think everyone expected. and so what you're seeing is this is what people believe, as of now, will be appropriate to achieve what we're looking to achieve, which is progress toward our inflation goal. central bankers now project higher growth and lower unemployment for next year. central bankers now project higher growth and lower unemployment for next year. if they're right, the us will have avoided a long—feared recession. the decision gives policy makers more time to assess whether they've done enough over the last 18 months to tame inflation. remember, the fed began

higherfor longer — higher for longer — the higherfor longer — the us federal reserve holds steady on world's largest economy, but they are also saying that they expect rates to stay higher for a little longer. and this is how the wall street decided to the news. all the three major us stock indices retreated in the wake of the announcement. the bbc�*s correspondent has the latest from new york. the us federal reserve left interest rates steady between 5.25% and 5.5%, its highest level in over two decades, as it weighed up its next steps. now, officials at america's central bank signalled that they are prepared to hike one more time this year. they also don't expect to cut rates by as much next year as they have suggested perhaps in the past. fed chairjerome powell explained why central

well, before we hearfrom the bank of england tomorrow — the us federal reserve will announce it's decisions central bank is expected to keep rates on hold as inflationary pressures eased there too. but markets will be focused on the fed's economic projections, and potentialfor another rate rise later this year. our business correspondent, michelle fleury, is in new york. hello. it really has changed. we've seen it may be the last hike of the cycle. we are in for a soft landing. what is going on?— what is going on? look, i think broadly speaking, _ what is going on? look, i think broadly speaking, investors - what is going on? look, i think- broadly speaking, investors expect the federal reserve to leave rates where they are, in the range of 5.25% and 5.5%. the reason the questions keep coming in, you get this range of forecasts you are alluding to, is every three months, the federal reserve comes out with projections in which they say where they think interest rates are going. they don't discuss it in the meeting but they say whether they think they will end up. if you go back tojune, the

figures closely watched by the us federal reserve showed the price of goods fell at an annual rate off a percent injuly. that's raised hopes that after 11 hikes in the cost of borrowing — the us fed may have won the battle against soaring inflation. all eyes now are on official employment numbers for august out later today. the fed will want to see a continued slowdown in hiring and pay rises. but will that happen? neil shearing, chief group economist, capital economics. but there have been some signs of the us labour market cooling. this is the big focus of the market every month, us roll numbers and they change every month. we are going for a 150,000 increase in employment. the big picture is there has been a slowdown in employment growth. it's still growing, the labour market is in good shape but it's not super — hot like it was a few months ago. it's not super - hot like it was a few months ago.— it's not super - hot like it was a few months ago. there's been some coolin: in few months ago. there's been some cooling in that _ few months ago. there's been some cooling in that marke

the us federal reserve left interest rates steady between my 5% and 5.5%, its highest level in over two decades, as it weighed up its next steps. officials at america's central bank signalled they are prepared to hike one more time this year, they also don't expect to cut rates as much next year, as they have suggested perhaps in the past. it was explained why central bankers were moving toward holding rates higherfor holding rates higher for longer. holding rates higher for loner. ., . , holding rates higher for loner. ., , longer. economic activity has been stronger _ longer. economic activity has been stronger than _ longer. economic activity has| been stronger than expected, stronger than we all expected. and so what you are seeing is that this is what people believe as of now will be appropriate to achieve what we are looking to achieve, which is progress toward our inflation goal.- is progress toward our inflation goal. central bank now preject _ inflation goal. central bank now project higher - inflation goal. central bank now project higher growth | inflation goal. central bank.

the us federal reserve left interest rates on changed on wednesday as late as meeting, but said she had her own paul hinted at another rate hikes before the end of the year. investors hoping for a rate cut to may have to wait longer as rising old prizes add to ongoing inflationary pressures. germany's exports to countries outside the european union fell for the 2nd month in a row and august. demand from the united states and china declined as high interest rates, and the energy prices continue to weigh on the global economy. exports to non you countries account for around half of all of germany's ex, dropping as an ex tonics giant toshiba will leave the stock market after 74 years. a group of investors planned to take the company private after buying a majority stake, toshiba shares, and started trading on the tokyo stock exchange in may 1949 as dependent merch from birth. more to spencer's include home electronics and nuclear power stations. many countries trying to push electric mobility are turning their attention toward sweden, vast resources of magnesium, cobalt or nickel, has made

next week we will have rate decisions for the us federal reserve, and the bank of england in the uk. week next week. we had inflation data from the us yesterday, and restore it went higher, but core inflation, the one they focus on, went further. expectations are the federal reserve will stay packed next week, they won't change interest rates. the door is still open for another rate hike before the end of the year, so the november meeting could see the potential of a rate hike. the bank of england, they are in a similar situation to europe in the sense that we have high inflation still. it has gone down to around 6%, but it is still three times, four times what the central bank, the bank of england have as their target, 2%. there are strong signs growth is slowing. we had gdp data for the uk which showed knock—on 5% contraction in july. this which showed knock—on 5% contraction injuly. this does point to a clouded picture. the bank of england will air on the side of caution for inflation and hike rates, but that could be the last rate hike we see, potentially. we could be the last ra

however longer, the us federal reserve hold steady and interest rates but warned that the fight againstaving the door open to an increase before the end of the year. officials are feeling more optimistic about growth in the world's largest economy, but also saying they expect rates to stay higher for longer. this saying they expect rates to stay higherfor longer. this is how wall street reacted to the news, all three major us stock indices retreating in the wake of the announcement. michelle fleury has more from new york. the us federal reserve left interest rates steady between my 5% and 5.5%, its highest level in over two decades, as it weighed up its next steps. officials at america's central bank signalled they are prepared to hike one more time this year, they also don't expect to cut rates as much next year, as they have suggested perhaps in the past. it was explained why central bankers were moving toward holding rates higherfor holding rates higher for longer. holding rates higher for loner. ., . , holding rates higher for loner. ., , longer. economic activity has been stronger

that's the same day the us federal reserve is also going to be deciding on its interest rates which is 5% in the world's biggest economy. and finally, we'll be ending the week on friday with some numbers coming out by the bank ofjapan and we'll know what it plans to do with its monetary policy. steady price gains in the country may have reached a pace that will lead the central bank to perhaps move closer exiting decades of ultra easy monetary policy. earlier, i spoke to market analyst tim waterer and he told me central banks are facing extra pressure from higher energy prices. yeah, it's looking that way. we've seen a tickup in energy prices recently. we saw that play out in the us data last week, we saw cpi, ppi moving higher as well as retail sales. so i think that move higher in oil prices will be keeping the fed on their toes moving forward. so this week, the fed likely to stay on hold, i think november could be a live meeting in terms of possible another hike from the fed — it all depends on the rate of disinflation between now and then. in terms of boe, we think that'll be a clo

us federal reserve officials although last few weeks they voted to keep the interest rate unchanged , but they also warned about increasing the maximum interest rates. experts believe that higher interest rates will increase independence costs and cause slow economic growth and lower demand for oil . in this, a temporary ban on exports is expected. russia's gasoline and diesel fuel will affect the supply of fuel in the markets of most countries. it should be noted that this ban has created new uncertainties in the prospect of supplying refined products and the search of countries for alternative sources of supply. the market maker in the base market of the over-the-counter market has been announced in the announcement of the far-exchange company of iran in the announcement of the list of 4790 engaged and the introduction of the market maker in the base market of registered and unaccepted companies, and based on this, there is at least one publisher, the reputation of the companies with a value of more than 5 thousand and 800 million tomans, having more than 50 thousand shareholders an

russia until the end of 2023 is the highest level of 10 the last month has arrived however, the us federal reserve officials have voted to keep interest rates unchanged for the past few weeks , but they have also warned about further increases in interest rates. experts say that higher interest rates will increase independence costs and cause slower economic growth and lower demand for oil . in the meantime, it is expected that the temporary ban on the export of russian gasoline and diesel fuel to most countries will affect the supply of fuel in the world markets . according to new atlas, an english fanap company has provided the possibility of intelligent monitoring of different areas of the airport by using the internet. it set up several stations around the airport and adapted the received information to the security standards of the airports, which are designed to be self-charging and the only infrastructure required for them is access to a power outlet. it has been announced that the end of the god-guarded economic news has been announced. greetings again to you, dear viewers of the khabar ne

the bank of england, us federal reserve also making decisions next week, any indication of what to expectd expect the bank of england, like the ecb come face interest rates further like the eurozone, we're also seeing underlying inflation remaining uncomfortably high. the situation of anything in the uk is a bit magnified, wage growth is no longer but it remains rates that are far too high to be consistent with the 2% inflation target. i think we are looking at another rise in interest rates here in the uk, but like in the ecb, i suspect we're getting close to the end in terms of high interest rates. that is the good news.— that is the good news. always welcome! _ let's go to new york now where the opening bell has just rung on wall street, on the day shares in the british microchip designer arm will start trading on the nasdaq. it's the biggest stock market listing in almost two years, valuing arm at more than $54 billion. the british company says its chip designs are used by more than two thirds of the world's population. our north america business correspondent erin delmore is in new y

that is the same day the us federal reserve is also going to be focusing as interest rates.ill be ending the week on friday with some numbers coming out by the bank ofjapan and we will know what it plans to do with monetary policy. it may have reached a pace that may lead the central bank to perhaps move closer to his decades of monetary policy. for more i spoke to dewater and he told me central banks are facing extra pressure from higher energy prices. i5 higher energy prices. i3 looking that way. we have seen a teacup in energy prices recently. we saw that layout recently. we saw that layout recently. i think the move higher in oil prices will be keeping the fed of my toes kick moving forward. this week the fed likely to stay on hold and we think november could be a live meeting in terms of possible this inflation between now and then. i think it will be a close call this week. in terms of boe. well above target. there is a lot of wage price pressure in the uk at the moment. it isjust price pressure in the uk at the moment. it is just a price pressure in the uk at the mome

the american corporate sector were satisfied to a large extent thanks to the actions of the us federal reservethe government takes over, in fact. all all costs all expenses to the maximum to maintain the appearance of stability, and somewhere the stability of the american economy and hence the growth of the budget deficit, that is, the policy of raising the rate of the us federal reserve system is directly related to the growth of the budget deficit of the american government. last year. the budget deficit was $3.400 billion biden called it a record low compared to previous deficits. and now again uh the deficit is growing, and at the end of another interesting point, if we look at these graphs, and on the one hand in real estate, because by 45. this has approximately fallen , the demand for real estate in the us market has fallen. er, then we find out and at the same time we look at the statistics of bankruptcy , we will see that the start of a special military operation has led to a sharp improvement in the performance of the united states and american real estate speculators and entrepreneu

legal entities, including the us central intelligence agency, the us state department, the us federal reserve, and the us emigration agency for moral and punitive damage. in addition to being embedded of a sample of de la ton, the distance moves the former us present. donald trump also faces a separate and wayne arrest. what for the assassination of an a rated man can come on to 3 years ago? iran has a low to the international police falls into po, but from is a wanted mine is turned off, also known as a kingdom assembly of the ron is a, this is the root seeking to restore the previous monarchy and replace the 5th project is that make republic found it in law signs. it is in 2003, it has received support from numerous us officials, according to claims, by the way, the engine fishery. anyway, i thought was use of a, here's the august, i think a number of attacks including the 2008 most wyoming in the south. central winning city of should arise, which cube full team people and wounded at least 203 years ago. and want to announce that it had detained, that the organization spends less than we ha

also legal entities, including the us central intelligence agency, the us state department, us federal reserve, and the us immigration agency for moral and punitive damage. in addition to being able to get it here as a pool of sale, a ton and different movement from the as for the top, also face is a separate reading arrest warrant for the assassination of a rainy man to come on to 3 years ago. it, ronald says the international police falls into poll. i'm from is a wanted mine fund or also known as the king. the assembly of iran is a, this isn't group seeking to this. so the previous monarchy and to replace the fee of classic islamic republic filed it in the signs of these 2003, it has received support from numerous us officials, including quoted, declared, is why they, you're writing judiciary, right, right. yeah. so here's a, here's a group of august idea, a number of attacks including the 2008 most foaming in the south. central irradiance city of should arise, was killed the full team, people and wounded, at least 203 years ago announced that they've had the pain, the overlays ations spent

the us state department, do us federal reserve and the us emigration agency for moral and punitive damage. and addition to being in because of a simple de la ton this and move on to former us present. donald trump also faces a separate and wayne arrest award for his assassination of an a rated man to come on to 3 years ago. it were on as a low said, the international police falls into a bowl, but from is a wanted mine. it's turned off, also known as a kingdom assembly of the ron is a, this is the group seeking to restore the previous monarchy and replace the 5th project is that make republic found it in law signs in 2003. it has received support from numerous us officials, who in the claims by the a rated engine discovery right now. so these are the shoes of august. i think a number of attacks, including the 2008 most wyoming in the south central waiting to be of should arise . which cube full team people and wounded at least 203 years ago. and want to announce that it had detained the organization. since less than we had from different of the experts sides, mohammad but i mean, he says i

that's the same day the us federal reserve will decide on interest rates, which is currently above 5%the world's biggest economy. friday, bank ofjapan interest rate decision and on friday, we'll find out what the bank of japan plans to do with its monetary policy. steady price gains injapan may have reached a pace that will lead the central bank to move closer to exiting decades of ultra?easy monetary policy. for more on this big central bank tim water told me about central banks facing increasing pressure. fix, banks facing increasing pressure-— banks facing increasing ressure. , pressure. a tick up and energy rices pressure. a tick up and energy prices recently. _ pressure. a tick up and energy prices recently. so _ pressure. a tick up and energy prices recently. so i— pressure. a tick up and energy prices recently. so i think - prices recently. so i think that move hiring, keeping the fed on their toes going forward, so this week is likely to stay on hold, i think it november could be a live meeting in terms of a possible, the rate of inflation between now and then. i think will be

also legal entity box, including the us central intelligence agency, the us state department, us federal reserve, and the us immigration agency for more o m, punitive damage on this end to being implicated as a full assailant. tongue. dodd, this and move on to a former us present all the troubles with the faces, a set put a really need arrest warrant for the assassination. open a ray name, a few from honda 3 years ago. iran has a load at the international police falls into poll that trump is a wanted mine fund off, also known as the kingdom assembly. all the on is a this isn't written group seeking to restore the previous month. ok, i'm replacing the aquatic is nomic republic, founded in los angeles in 2003 has us receive support from year ms. us officials according to trans why the erosion in get additional rate elating. so these are the chairs, a group of orchestra. i think a number of attacks, including the 2008 most bombing in the south central irradiance that they've should arise which killed 14 people. i'm would do that these 203 years ago. the rom announced it had the time that the organi

legal entities, including the us central intelligence agency, the us state department, the us federal reserve, and the us emigration agency for moral and punitive damage in addition to being and because of a simple day latan this and move on to form of us present. donald trump also phase is a separate and wayne arrest award for assassination of an a rated image to come on to 3 years ago. it were on as a low to the international police falls into po, but from is a wanted mine. it's turned off also known as a kingdom assembly. all the a ron is a, this isn't a group seeking to restore the previous monarchy and replace the 5th project is that make republic found it in law signs in 2003. it has received support from numerous us officials, according to claims by the weight engine fishery. anyway, i thought was ease of a. here's the focus. i think a number of attacks, including the 2008, most wyoming in the south central winning cities should arise which cube full team people and wounded, at least 200. 3 years ago, one announced that it had detained the old eyes ation. since less than we heard from

today's announcement follows a similar decision by the us federal reserve yesterday, which left rateshigh. you can see on the live page a graph showing you what interest rates have done since 2007 and here they are no still at 5.25%. to also context what is happening internationally, turkey today lifted its main interest rate to 30% — an increase of five percentage points. the country is fighting double—digit inflation. last week, the european central bank raised its key rates for a tenth consecutive time to 4%, but they're now expected to remain steady. live now to mike ingram, senior market strategist at activtrades. we re were you surprised that rates here in the uk were left unchanged? mat in the uk were left unchanged? not entirel in the uk were left unchanged? iirrt entirely ahead of this rate decision, maybe they thought a 55% chance of a quarter point rise so it was more or less a coin flip ahead of this decision and if you look at the decision itself it only went through a vote of five four of the nine members still voted for a quarter point race. the international context is

the us federal reserve will decide on its next move on interest rates today, the bank of england meetsbroken as we are receiving at the newsroom in london. palestinian health officials are saying is lending trips have shot and killed five palestinians in the occupied west bank city and near the border with gaza. the palestine health minister reported four palestinians were killed, three died immediately, one died later of serious injuries in jenin, a stronghold of palestinian militant groups. about 30 people were wounded by israeli fire, so says the palestinian health ministry. that commentjust palestinian health ministry. that comment just was palestinian health ministry. that commentjust was here the bbc. around the world and across the uk, this is bbc news. let's look at some other stories making news. the safety of maternity care at leicester royal infirmary and leicester general hospital has been rated as inadequate following a "deterioration in the level of care", the health watchdog has said. the care quality commission downgraded their ratings following inspections in february

fuel prices in the us are driving up the cost of living, raising concerns over whether the us federal reserve and welcome to asia business report. i�*m arunoday mukharji. we begin in the us, where consumer prices have risen by more than expected last month, driven by higher costs for rent and fuel. the inflation rate rose 3.7% over the 12 months to august. that�*s up from 3.2% injuly. the figures underscore the challenges facing officials trying to stabilise prices, which soared last year at the fastest pace in decades. analyst dimitri zabelin says american consumers continue to feel squeezed by the rising cost of living. a lot of the inflation, if you look at it in the us,

the us federal reserve is expected to announce a decision on interest rates and several economic data point to a pause in hikes. >> the fed think here is very cognizant of the fact that it doesn't want to overdo it and tip the economy into recession while inflation is much lower than it was last year, it's still far higher than the fed's 2% target it will. >> economists like joe brusuelas says there's still a lot more work ahead to lower inflation. he says the us economy is strong and we may not see another interest rate hike this year. that could mean a solid break for borrowers looking to get a new credit card or a loan to make big purchases like a car or a home. you see auto rates anywhere between 3 and 6. >> the average rate on a credit card is near 24% at this point. >> when it comes to homes, the 30 year fixed rate mortgage averaged 7.18% for the week, ending september 14th. that's up from 6.02% a year before. but brusuelas says mortgage rate relief is on the way. if the fed indicates at or near its peak with rate hikes, i don't think 7% is going to be the new normal going forwa

legal entities, including the us central intelligence agency, the us state department, the us federal reserve, and the us emigration agency, for moral and punitive damage. in addition to being advocated for supporting the ton, the distant movement to fully us present the on some also faces a separate, a winning arrest, one for the assassination of an a rating. mid, mid to come on the 3 years ago, iran has on the international police force, interpol, and from is a wanted my turned off, also known as the king. the assembly of the are on the this is a group of seeking to restore the previous monarchy and to replace a fee. aquatic is by make republic found it in law assigned to these into 2003. it has received support from numerous us officials according to claims by the arrange additionally. right? yeah. so he's have into the group of august, i think a number of attacks including the 2008 most bombing in the south. central's iranian city of sheriffs was killed 14 people. i'm wounded, at least 200. a 3 is got it wrong and out. so it had detained. the organizations spreads by some or as those live

us economy | looks healthier than others, frankly. if you look inflation, three we have over double that in the uk and that means the federal reserve willle to become accommodative quickly than the uk. certainly safer if you at consumption behaviours the us consumer has remained remarkably stronger throughout the whole crisis despite the fact that we see high interest rates, people keep spending. i think so by the risk of recession has remained relatively low and i think the rest of the moment is more around the recession in europe over a recession in the us. speaking of which, how other countries, i'm picky about europe and here in the uk, are theyin europe and here in the uk, are they in tackling inflation and they in tackling inflation and the interest rate cycles? will we see interest rates for example in this country continue moving up or might they plateau is like i think that's been the theme recently is we've been seeing the strength of the euro, the strength of the euro, the strength of the powers of the back of this dynamic differential dynamic between expectation here and expectation here and expectation in the us. but becaus

figures closely watched by the us federal reserve showed the price of goods fell at an annual rate of — the us fed may have won the battle against soaring inflation. all eyes now are on official employment numbers for

figures closely watched by the us federal reserve showed the price of goods fell at an annual rate of

fuel prices in the us are driving up the cost of living, raising concerns over whether the us federal reserveore. but the sport is far from the finish line when it comes to meeting their energy emissions goals. hello and welcome to asia business report. i'm arunoday mukharji. we begin in the us, where consumer prices have risen by more than expected last month, driven by higher costs for rent and fuel. the inflation rate rose 3.7% over the 12 months to august. that's up from 3.2% injuly. the figures underscore the challenges facing officials trying to stabilise prices, which soared last year at the fastest pace in decades. analyst dimitri zabelin says american consumers continue to feel squeezed by the rising cost of living. a lot of the inflation, if you look at it in the us, is really coming from shelter and housing.

the us federal reserve is expected to announce a decision on interest rates and several economic data point to a pause in hikes. >> the fed think here is very cognizant of the fact that it doesn't want to overdo it and tip the economy into recession while inflation is much lower than it was last year, it's still far higher than the fed's 2% target it will. >> economists like joe brusuelas says there's still a lot more work ahead to lower inflation. he says the us economy is strong and we may not see another interest rate hike this year. that could mean a solid break for borrowers looking to get a new credit card or a loan to make big purchases like a car or a home. you see auto rates anywhere between 3 and 6. >> the average rate on a credit card is near 24% at this point. >> when it comes to homes, the 30 year fixed rate mortgage averaged 7.18% for the week, ending september 14th. that's up from 6.02% a year before. but brusuelas says mortgage rate relief is on the way. if the fed indicates at or near its peak with rate hikes, i don't think 7% is going to be the new normal going forwa

the bank of england, us federal reserve also making decisions next week, any indication of what to expectct the bank of england, like the ecb, to raise interest rates further like the eurozone, we're also seeing underlying inflation remaining uncomfortably high. the situation if anything in the uk is a bit magnified, wage growth is no longer accelerating but it remains rates that are far too high to be consistent with the 2% inflation target. i think we are looking at another rise in interest rates here in the uk, but like in the ecb, i suspect we're getting close to the end in terms of high interest rates. that is the good news. let's go to new york now where the british microchip designer arm has made its stock market debut. the flotation of arm is the biggest stock market listing in almost two years, valuing the company at more than $54 billion. arm says its chip designs are used by more than two thirds of the world's population. 0ur north america business correspondent erin delmore is in new york for us. with ipos, trading in new shares takes a while to get going. this ipo ten times o

over in the us — the federal reserve has opted to hold off from raising rates — for now.hat in a moment. increased the cost of borrowing 1a times since the end of 2021 — as it battles to control rising prices. by making credit more expensive it hopes households will cut back on spending. at 5.25% — uk interest rates are now at their highest in 15 years — piling the pressure on mortgage borrowers and businesses. but on wednesday — an indication they might finally be having an effect on inflation. our economics editor faisal islam reports from plymouth in the west of england the price of fish has been rising for two years. the latest figures show it's up 7% on last year, but it was closer to three times that at the beginning of 2023. for plymouth fishing fleet owner ben the cost of doing business remains sky high. we're all feeling it, aren't we? the employees and the general public on the trawlers, you know, there's only so far you can go with the fuel going up. you know, it's very difficult. and if it keeps going up, there is a strong chance that the uk fleet, some of the

let's turn to wall street now — because there's been a broad sell—off in us markets after federal reserve said they'll keep interest rates higherfor longer. all three major us stock indexes tumbled more than 1% following remarks by the fed chairman, jerome powell, warning inflation has a long way to go before it approaches the central bank's 2% target. but the fed's restrictic policy has global repercussions. so what is the impact? our business correspondents across key economies from the west to the east break it down for us. hello, i'm thea leggett in london, where the bank of england has unexpectedly kept interest rates on hold, following iii successive rises which have taken the cost of borrowing here up from 0.1% a couple years ago to 5.25%. all this was done with one goal in mind, to keep inflation under control. and it does seem to be working — prices are still rising rapidly but not nearly as they were just a couple months ago. that's given the bank a dilemma — does it stick key rates on hold, or keep spiralling them upwards? increasing rates comes with a cost. people on variable—

over in the us, the federal reserve has opted to hold off from raising rates — for now.credit more expensive, it hopes households

over in the us — the federal reserve has opted to hold off from raising rates — for now.

matt: michael mckee joins us from the federal reserve live. i guess what we are really expecting or what we really are looking forward to is a new summary of the economic projections which we get four times per year as well as a new dot plot. >> i think that is what everybody will turn to first. they want to see whether the fed retains the idea of one more rate move this year. they probably are going to. why not? it does give him at least the option of raising rates without market angst. then they will look at 2024, does the fed raise the number of dots? do they project few array cuts next year than they have? the median is 4.6, almost a full percentage point down. or do they see inflation coming down faster? that is what people are going to be looking for today into what comes next rather than anything they do today. matt: thanks very much. we will check in with you throughout the afternoon, michael mckee, our bloomberg economics and politics correspondent out of the federal reserve in washington, d.c.. i want to bring in joe davis who is her

to the us now, where all eyes are on the federal reserve asjerome powell and his team meet on tuesdayision on the cost of borrowing. many are hoping for a repreive in interest rate rises. but on the back of the european central bank's decision to hike rates to a record high last week and price rises still above target, what can we expect? what happens in the us will be keenly watched by the bank of england, it is also making its latest move this week. it is meeting andrew bailey and his crew as well. i'm joined now by justin urquhart—stewart, founder of investment platform regionally. and the lovely betty is appearing as ever. let us start with the us in the federal reserve, i was reading the ft on my way to work and they have a poll of economists who are saying they think rates will go up saying they think rates will go up three? i saying they think rates will go u- three? ~ ., , up three? i think that is the iioular up three? i think that is the popular view. _ up three? i think that is the popular view, but _ up three? i think that is the popular view, but actually l popular view,

let's turn to wall street because there has been a broad sell—off in us markets after the federal reserventerest rates higher for longer. will be keeping interest rates higherfor longer. all will be keeping interest rates higher for longer. all three major us stock industry are stumbled more than 1%, as you can see they're up on our screens. it was following remarks by the fed chairman jerome powell warning inflation still has a long way to go before it approaches the comfortable central bank's 2% target. but the fed's restrictive policy has global repercussions, so what is that impact that we need to be aware of? our business correspondence across key economies from the west to the east break it down for us. ., ., ., ., for us. hello. i am in london where the — for us. hello. i am in london where the bank _ for us. hello. i am in london where the bank of _ for us. hello. i am in london where the bank of england i for us. hello. i am in london l where the bank of england has unexpectedly kept interest rates on hold. that follows 1a successive rate rises which are seen at the cost of follo

the jobs data out of the last and what that tells us about the federal reserve. ups, for example. the two year yield or treasury is streaming by. across your asset, the euro-dollar gaming and closing in. we continue to hear voices until wednesday. official voices on the makers. there are discussions about the hocks and the doves. yields have moving up. yields are up three basis points. oil story is very interesting now. even given the trajectory, gaining .4%. looking ahead to saturdays and their view of what they do in terms of the position. they will extend the cut. back to what is happening. just read the macro story. on the ground throughout the day and speaking to the name -- top names there, getting into the story of what is the impact? particularly the chinese news. speaking to lindy ballard. amazon web services. general manager of automotive any fracturing. take it away. >> that is right, tom. there are more and more companies around us. wendy runs this manufacturing business. what is aws doing here? what are you doing here? >> i welcome you to go through the story of our g

now, last night, the us federal reserve did not raise rates.f that and it will create a feel good feeling. it will create some relief. it will create some good pubuchy relief. it will create some good publicity for this horribly beleaguered . and so beleaguered government. and so i really do hope that they're smart and they don't raise rates today. they have no reason to. it's not going to bring inflation down further. this is inflation down further. this is inflation falling by itself. this kind of inflation and it would have fallen. frankly, i believe, a lot further and a lot more if they hadn't raised all those interest rates and printed all that extra money. they didn't need to. >> i mean, we are an international outlier. is now the highest inflation rate among g7 economies . what is your g7 economies. what is your prediction ? what will happen at prediction? what will happen at midday today ? midday today? >> what will happen today? what's your prediction? i'm predicting going to be sort predicting i'm going to be sort of an outlier myself

perfect balance of adding jobs while also seeing the unemployment rate rise, which does give us the federal reserve justification that higher interest rates are working and sort of cooling down the economy. also, reinforcing this idea that with the jobs market slowing, inflation can continue to moderate. there has been this intense debate on wall street whether prices will continue to fall and we'll get to that fed target of 2% if the labor market remains exceptionally strong. but new evidence suggesting today with the support that that level can moderate and that's giving investors hope that inflation will also cool in the coming months, stop the fed from another rate hike in september. jose? >> pretty amazing that we're already in september. this month also brings big changes for federal student loan borrowers. >> it does. for the first time in over three years, jose, federal student loans will begin accruing interest starting today. it expires after several extensions we have been seeing. you have at least a month until you have to make that first payment in october. and you'll want to check in

us economy is that? this is where i would be contrary on i where i would be contrary on this one and i have been a federal reserveink they have done a pretty good job navigating incomplete, often times contradictory data to get where they are today. i do actually think the us economy could weather actually another great increase tomorrow if they decide to do that, in terms of its at the right thing to do, personally i would rather see them get one more rate hike in and be done. and make sure there is a nail in the inflation coffin, do not think that is what could happen but i think the us economy could absorb that if they can find the conviction to do that. the concern is and we're looking central banks when the rate hiking cycle will come to an end when will they hit the 2% inflation target? an end when will they hit the 296 inflation target?- an end when will they hit the 296 inflation target? they have been pretty — 296 inflation target? they have been pretty consistent - 296 inflation target? they have been pretty consistent and - 296 inflation target? they have been pretty consistent and we | been pretty con