Tokmak june is not a Fait Accompli, or ruled out. Well, a cut in Interest Rates this summer would be welcomed by the government here in the uk which will have to call a general election by the end of the year. But the uks finance minister, chancellor of the exchequerjeremy hunt, says the decision is for the Bank Of England to make and must be independent. These are really finely balanced decisions, but i welcome the fact the Bank Of England has obviously thought about this very hard. They take this decision independently. And i would much rather that they waited until they were absolutely sure inflation is on a downward trajectory than rushed into a decision that they had to reverse at a later stage. What we want is sustainably low Interest Rates. And i think what is encouraging is that the Bank Of England governor, for the first time, has expressed real optimism that we are on that path. Jeremy hunt fair. Joining us now is jane foley, head of Foreign Exchange strategy at rabobank. Jan
Was weaker than we expected in the Fourth Quarter of last year but we think the First Quarter of this year has been a bit stronger, which will lead the level of Economic Activity broadly when we thought it would be. 12 months Consumer Price inflation fell from 4 in december to 3. 2 in march, its lowest rate since december 2021. March, its lowest rate since december2021. 0. I march, its lowest rate since december 2021. 0. 1 higher than we expected in february. The decline was spread across food, core goods and services. Energy prices have also continued to contribute negatively to the Headline Inflation rate. As a lower 0fgem cap on Household Energy prices come into effect in april, we expect Headline Inflation to drop further to a level very close to target in the next few months. But we then expected to edge up months. But we then expected to edge up a again. This absence of data surprises is an indication that we are now getting back to more normal times, at least compared to the hig
Has been affected by Stormy Daniels testimony because in Court Transcripts that were released after the last day in court, you could read that thejudge had to essentially give Donald Trumps lawyers a warning, that donald trump had to stop Audibly Cursing during Stormy Daniels first bit of testimony. He said that the jury could see it and hear it, it could be contemptuous, showing perhaps intimidation of a witness. So he ordered Donald Trumps lawyer to advise him to cut that out. Donald trump arriving in court today brought with him some political allies a senatorfrom florida who is loyal to donald trump, rick scott, Isjoining Him there in the courtroom, along with some of his Campaign Team and lawyers, who are normally with him. So donald trump certainly bracing for another, what we expect to be a difficult day in court for him, as Stormy Daniels continues her testimony. So far, Donald Trumps lawyers have tried to discredit Stormy Daniels completely by claiming that she was just after
the last fed minutes and we re also looking for an inflation print today on the economy. again, that will be fascinating. if there s any sign of a tickup in inflation activity maybe there that will force the fed to go earlier. indications that rare we ll have a steady to flat open and push into next week after the holidays and we re still looking for drivers. but maybe it s in m and a. a big deal in the health care sector. cvs is going to buy omnicare. they are big into providing drugs to the boomers. this move means cvs will get a bigger share of that growing health care opportunity going