Between 5. 25 and 5. 5 . Months ago, many had forecast that this rate would be ready to cut around now but the latest Inflation Figures have dampened expectations as prices rose at 3. 5 in the year to march, which was higher than the february figure of 3. 2 . The feds target for inflation, like most Central Banks, is for 2 . So still some way to go. And those price rises are feeding into some wider negative sentiment. The latest report from the economic think tank the Conference Board shows that Consumer Confidence is falling with people more downbeat about future business conditions, jobs and income. To delve into that report joining me now is sara murray global managing director at the Conference Board international. Thank you forjoining us today. Take us in to the mind of American Consumers right now. How are they feeling . As you said, confidence has deteriorated to the Conference Board run the Consumer Confidence index and have been doing it for over 50 years and it has gone down
while clothes are stitched, sorted, and packed, gupta checks her website for new orders. she says they re pouring in. she s part of a growing number of women entrepreneurs in india selling product on line. it is a revolution for a woman because it gives us the ability to start work from home. reporter: she says it s much easier and cheaper than setting up a bricks and mortar shop. plus, the business potential is enormous. research firm forrester expects india s online retail to grow at an annual average rate of 51% to 2019 and says india will have around 125 million online buyers by then. gupta s own business now three years old is growing at 40% each year. she says through snap deal, win of india s largest online marketplaces offering everything from floats to shoes to