newsinsightplus.com
- 1990AttributioniPlayerWho
- 2022.But
- April 11, 2024
- 0 Comments
BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityBusinessMarket DataEconomyYour MoneyCompaniesTechnology of BusinessCEO SecretsAI BusinessUS inflation jumps as fuel and housing costs risePublished2 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesBy Natalie ShermanBusiness reporter, New YorkConsumer prices in the US rose faster than expected last month, in a sign that the fight to slow inflation has stalled.Prices rose 3.5% over the 12 months to March, up from 3.2% in February, the US Labor Department said. Higher costs for fuel, housing, dining out and clothing drove the increase.Analysts warned that the lack of progress in curbing price rises will force the US central bank to keep interest rates higher for longer.Higher rates help stabilise prices by making it more expensive to borrow for business expansions and other spending. In theory, that in turn slows the economy, and eases the pressures pushing up prices. The Federal Reserve’s key interest rate is now at the highest level in more than two decades, in the range of 5.25%-5.5%.Forecasters had expected the bank to start lowering borrowing costs this year, reflecting the fact that the inflation rate, which tracks the pace of price rises, has fallen significantly since hitting 9.1% in 2022.But recent economic data, including strong jobs creation figures last week, has raised doubts about how soon those cuts might come.Shares on Wall Street closed lower on Wednesday as investors had been betting that rates could soon be cut.US jobs boom raises doubts about rate cutsAnalysts, who once expected rate cuts as soon as March, have been rapidly revising bets, with many now not expecting any until later this summer and some predicting the bank could wait until next year.What the Fed decides to do is likely to shape decisions by central banks around the world, said Neil Birrell, chief investment officer at Premier Miton Diversified Funds.”The Fed has got some head scratching to do and if other central banks were waiting for the Fed to move, they have got a conundrum on their hands now,” he said. Inflation cooled rapidly over 2023 as pandemic-era supply issues healed and the spike in food and energy prices sparked by the war in Ukraine faded, but it still remains higher than the bank’s 2% target.An uptick in oil prices in recent months has also pushed energy costs higher, while prices for services show little sign of stabilising. The Labor Department said prices had jumped 0.4% from March to February, the same as in February.Higher petrol and housing costs accounted for more than half the increase. Car insurance, medical care and costs for internet also contributed.So-called core inflation, which is seen by economists as a better indicator of future trends because it does not include more volatile food and energy prices, stood at 3.8%, the same as in February. “We shouldn’t overreact to the jump in headline inflation – which was all about energy,” said Brian Coulton, chief economist at Fitch Ratings. But he added: “The details are not at all reassuring for the Fed.”Related TopicsUS economyUS Federal ReserveInflationMore on this storyUS jobs boom raises doubts about rate cutsPublished5 days agoTop StoriesBiden vows ‘ironclad’ support for Israel amid Iran attack fearsPublished2 hours agoMan charged over murder of mum pushing baby in pramPublished3 hours agoPressure grows to rethink rough sleeping clampdownPublished3 hours agoFeaturesThe Papers: ‘Iron clad’ Biden support and ‘radical NHS plan’How gang violence gripped a tourist havenWhat is the minimum salary UK visa applicants need?Arizona pushes abortion to centre stage of 2024Local elections 2024: Is there an election in my area?The billionaire facing death over $44bn bank fraudAll you need to know for tonight’s Bafta Games AwardsThe Indian men traumatised by fighting for RussiaHow AI is helping to prevent future power cutsElsewhere on the BBCA man from 1979 takes on the modern worldSurely things can’t have changed that much? Comedy starring Mike BubbinsAttributioniPlayer’You’ll never meet anybody as miraculous as Sanjeev’Get to know Supermann on Da Beat: a prominent producer, songwriter and promoter of Scottish hip hopAttributioniPlayerFrom the Hubble Telescope to Take ThatRelive the major news and music events of 1990AttributioniPlayerWho are the women that have inspired Courtney Love?The iconic singer-songwriter shares the soundtrack to her life and reflects on her influencesAttributionSoundsMost Read1The billionaire facing death over $44bn bank fraud2Police to relook at Caroline Flack charge decision3US vows support for Israel amid Iran attack fears4’Ironclad’ Biden support and ‘radical NHS plan’5Man charged over murder of mum pushing baby in pram6TV doctor exchanged Botox for sex with patient7Pressure grows over rough sleeping clampdown8Donald Trump says Arizona abortion ban goes too far9First migraine pill could help 170,000 in England10Vennells accused of false statement on postmasters
[ad_1] Inflation was 3.5% in March, a sign that cooling has stalled and interest rate cuts may be delayed.
![BBC HomepageSkip to contentAccessibility HelpYour accountLiveNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityWorldAfricaAsiaAustraliaEuropeLatin AmericaMiddle EastUS & CanadaKurtley Beale: Australian rugby player not guilty of sexual assaultPublished12 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, EPAImage caption, Kurtley Beale pleaded not guiltyBy Tiffanie TurnbullBBC News, SydneyAustralian rugby union player Kurtley Beale has been found not guilty of sexually assaulting a woman in a Sydney pub bathroom.Prosecutors alleged he had groped the 29-year-old woman and later forced her to perform oral sex in December 2022.But the Wallabies star, 34, said their encounter was consensual. His legal team argued the woman had lied to get sympathy from her fiancé.After a two-week trial, a jury cleared Mr Beale of three charges.It paves the way for Mr Beale, who was suspended by Rugby Australia when he was charged, to return to the field.The case in the New South Wales District Court heard the pair – who had both been drinking – met on a night out at the Beach Road Hotel in suburb Bondi.The jury was shown CCTV footage which prosecutors said captured the moment Mr Beale had placed his hand on the woman’s bottom, and which later showed them entering and leaving the men’s bathroom.Giving evidence, the woman – who cannot legally be named – said Mr Beale had barged in on her in the toilet cubicle and forced himself on her.She told the court she had repeatedly said “no”, and told Mr Beale “you’re married, I’m engaged, we can’t”. In a phone call recorded by police a month later, the woman confronted Mr Beale – he apologised multiple times and said he may have “misjudged the whole scenario”. In another call with his manager, also recorded by police, he said he had “messed up”.Summing up their case, prosecutors said he had been “reckless” as to whether or not the woman consented to his actions.But Mr Beale’s lawyers said what happened in the toilet stall was consensual and initiated by the complainant.The woman had originally claimed Mr Beale followed her into the bathroom, but CCTV showed she had entered second, his barrister Margaret Cunneen said.Witnesses inside the men’s bathroom reported hearing what sounded like a sex act, but no distress or protestations from the complainant, the court heard.At no point had Mr Beale said he knew the woman had not consented, Ms Cunneen argued – and in fact he had told his manager he believed that she had.”I don’t shrink from suggesting that [the complainant] is a manipulative woman who curated circumstances of the night to turn the tables, to turn herself into a victim,” she said.Rugby Australia said in a statement last January that it had suspended him from all forms of rugby “with immediate effect” in line with its code of conduct and would be carrying out its own investigations.Full-back Beale, who has played 95 times for his country, returned to Australia in 2022 after a spell with French team Racing 92 to play for New South Wales Waratahs.Top Stories’My memory is fine’ – Biden hits back at special counselPublished1 hour agoUS says it will not back unplanned Rafah offensivePublished3 hours agoPutin says deal can be reached to free US reporterPublished37 minutes agoFeaturesFive things in the Biden classified documents reportThe Papers: Labour’s £28bn ‘U-turn’ and fury at ‘blue card’ plans’Fat people can be heroes, not just the punchline’Why the e-bike boom is raising fire fearsA mosque demolished, and orphans displaced in IndiaWeekly quiz: Who beat Miley to win Song Of The Year?‘Get it up ye!’ How 17-year-old Kevin Bridges conquered the world’We are surrounded’ – Guarding the Middle East’s most dangerous borderWhat happened to Labour’s £28bn for green projects?Elsewhere on the BBCHow did a booming computer manufacturer go bust?Commodore computers were huge in the 1980s, so why couldn’t the business adapt and survive?AttributionSounds’It was 23andMe’s biggest ever security breach’Was a recent, unprecedented DNA data theft a racially motivated attack?AttributionSoundsCould you be owed cash over car finance deals?Martin has been investigating and shares his step-by-step guide on how to find outAttributionSoundsAll-out action!A new generation of superhumans take on the ultimate test of speed and strengthAttributioniPlayerMost Read1’My memory is fine’ – Biden hits back at special counsel2Labour’s £28bn ‘U-turn’ and fury at ‘blue card’ plans3Putin says deal can be reached to free US reporter4Piers Morgan to move TalkTV show to YouTube5US says it will not back unplanned Rafah offensive6Zelensky sacks Ukraine’s commander-in-chief7TikTok and Temu pull cheap heaters over fire risk8‘Get it up ye!’ How 17-year-old Kevin Bridges conquered the world9’Fat people can be heroes, not just the punchline’10US court sceptical of move to bar Trump from ballot](https://newsinsightplus.com/wp-content/uploads/https://ichef.bbci.co.uk/news/1024/branded_news/6913/production/_132599862_74fae009c1b039d93650f70c8e356b86dcdfdb150_0_7677_54642000x1423.jpg)
