This low price you have seen was predicted and much of that has come from what we call the base effect. There has been upward pressure in Household Energy bills very much influenced by Ofcom Price caps, so as we look as those year on year numbers, you get what looks like a bit of an oddity but it was fully priced in and really what the market was expecting in terms of where that would come out for the Inflation Number. In would come out for the Inflation Number. ,. ,. , number. In terms of other things the market is expecting, number. In terms of other things the market is expecting, we number. In terms of other things the market is expecting, we have number. In terms of other things the | market is expecting, we have already had one cut in the cost of borrowing this year, that was the first since the recent inflationary crisis pushed up the cost of borrowing. Some saying this could lead the bank to cut rates again In September. What are your thoughts, expectations . What are your thou
Between the two right now. And as you pointed out, the Inflation Report really is accretive to this whole story here. And so the fed themselves had said that the Monetary Policy is tight, that they want to get closer to kind of that neutral rate. And theyre going to start that in september. And so whether or not they cut, you know, three quarters of a percent or a percent throughout the remainder of the year remains to be seen. But they will be data dependent. But this definitely sets it up with todays Inflation Report. Jeff, what do you make of the concerns that there are that the us could be heading into a recession . Do you see it as a risk or a likelihood . Well, i think its a risk out there, but i dont think its for certain at this point. And what you saw was the market was a little offsides. There was a lot of crowded positioning, and essentially the Bond Market is just waiting for another shoe to drop. And although were talking about inflation, the key metric that kind of set of
This is stateline. I had a huge crush on him. He had this amazing voice. Very charismatic and the passion he had for people came through. He was the guy the town woke up to. Morning dj. Steven b. He was funny and had a great love of music. Everybody loved steven b. It was fatally clear not everybody did. Shot him one time in the back of the had. I felt i was in a madefor tv movie. What did happen . The hunt is on. A yacht. I thought why did you get on the boat . A Scheming Businessman and a missing fortune. You are a multibillionaire and you dont have money . I dont think ill ever get another case quite like this. Hello, and welcome to dateline. Steven b. Williams was a man with a goldenvoice. A former dj who found fame, fortune, and a wealth of friends. Then suddenly, radio silence. Stephen b had disappeared. Detectives would follow a trail of clues from the coast of california to a quiet town in montana. They thought the motive was good oldfashioned greed, but the key to the mystery
Bret thanks, dana. Bret good evening. Im bret baier, welcome to milwaukee and the final night of the republican convention unlike any other. Former President Donald Trump will formally accept his Partys Nomination for a third time. Tonights speech is expected in parts to Focus On unity in the wake of saturdays Assassination Attempt. Were told one word though wont be used in the hourplus long speech, biden. The former president will refer to the administration and the current leadership but not use his opponents name. This as there are increasing doubts about whether president Joe Biden will be the democrats nominee. Tonight we are also learning new details about the shooter in butler, pennsylvania saturday. And his movements in the hourS Preceding the pulling of the trigger. Were also seeing outrage directed at the head of the secret Service Lack of substantive information about the shooting and the security provided around the event. The secret Service Director confronted by lawmakers
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