So as not to overreact to the string of low Inflation Readings that we had in the second half of last year. The recent data have clearly not given us greater confidence and instead indicate that its likely to take longer than expected to achieve that confidence. Todays remarks highlight the different paths being taken by Central Banks around the world, with the european Central Banks Christine Lagarde reaffirming that the ecb was still on track to cut rates. Many people expect the ecb will cut rates injune. Now, the timing of the first rate cut here in the United States this cycle has become a subject of much debate from main street to wall street to the campaign trail. The fed had previously signalled it intended to cut rates several times this year from a 23 year high of 5. 5 . Us stocks fell after mr powell spoke. But that is in the middle east have been weighing on markets in the conflict in the region has been cited as a risk to recovery for the Global Economy by the International
To the string of low Inflation Readings that we had in the second half of last year. The recent data have clearly not given us greater confidence and instead indicate that its likely to take longer than expected to achieve that confidence. Todays remarks highlight the different paths being taken by Central Banks around the world, with the european Central Banks Christine Lagarde reaffirming that the ecb was still on track to cut rates. Many people expect the ecb will cut rates injune. Now, the timing of the first rate cut here in the United States this cycle has become a subject of much debate from main street to wall street to the campaign trail. The fed had previously signalled it intended to cut rates several times this year from a 23 year high of 5. 5 . Us stocks fell after mr powell spoke. Heres how Stock Markets fared in the us after mr powells comments. The s p 500, nasdaq and the dow closed slightly lower. The federal reserve s next policy meeting will start at the end of april
Of alert and ordered all schools to be closed on sunday. The military has also announced new restrictions on civilian gatherings the move comes hours after Iranian Special forces seized a Container Ship linked to israel in the straits of hormuz. The white house has demanded the Immediate Release of the ship and its crew, accusing irans revolutionary guards of an act of piracy. Our diplomatic correspondent, james landale, has the latest from jerusalem. An Iranian Special forces helicopter has been seen in footage that has been verified by the bbc, hovering over the deck of the ship. You can see one person on the deck, two people climbing down the rope, and Iranian State media have been very clear and vocal about attributing that to Iranian Revolutionary guard Naval Special forces. In response, israels Foreign Minister has accused iran of an act of piracy, and the Military Spokesman Daniel Hagar here in israel has said iran will bear the consequences for this escalation. What i think is
It happened just a few minutes drive from bondi beach. Panicked shoppers inside the Westfield Centre fled the attacker s path, before he was shot dead by police. Officers said he was known to the authorities and the attack was likely not a terrorism incident. Katy watson reports now from the scene. Shouting fear and panic in bondi. Chaos in one of sydneys busiest Shopping Centres. Police were called after reports of multiple stabbings, and this is the scene they were met with. The attacker entered the Shopping Centre just after three in the afternoon, maiming people in his path. Outside, shoppers ran for their lives out of the mall. There was relief and terror. Everyone move back i was hiding in the back room just hearing gunshots. It wasjust like the worst thing ever. We saw these people running towards us, and then we heard a shot. My husband dragged us into a shop and the lady locked the doors. He just came in and started floating towards us. All i heard was, put it down, and then s
Before he was shot dead by police. Officers said he was known to the authorities and the attack was likely not a Terrorism Incident. Katy watson reports now from the scene. Shouting. Fear and panic in bondi. Chaos in one of sydneys busiest Shopping Centres. Police were called after reports of multiple stabbings, and this is the scene they were met with. The attacker entered the Shopping Centre just after three in the afternoon, maiming people in his path. Outside, shoppers ran for their lives out of the mall. There was relief and terror. Everyone move back i was hiding in the back room just hearing gunshots. It wasjust like the worst thing ever. We saw these people running towards us, and then we heard a shot. My husband dragged us into a shop and the lady locked the doors. He just came in and started floating towards us. All i heard was, put it down, and then she shot him. If she didnt shoot him, i he would have kept going. He was on the rampage. The motive is still unclear, but inves