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BBCNEWS Business Today October 10, 2024
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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
. these steps will save lives. at the same time, much more needs to be done. protect civilians and to make sure that the humanitarian assistance reaches them. far too many palestinians have been killed. far too many have suffered these past weeks. and we want to do everything possible to prevent harm to them and to maximize the assistance that gets to them. and that secretary of state antony blinken this morning. right now, israeli military is giving civilians in northern gaza a six-hour window to evacuate south. it comes after israeli officials have agreed to daily humanitarian pauses after facing pressure from the white house. this morning, we have been seeing thousands of palestinians, including families with small children, streaming through gaza city as they make their way south. the window to get out is about to close in an hour. the footing has not stopped everywhere. new video shows israeli tanks at a hospital in northern gaza. you hear the sound of explosion, hea