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So that s a very interesting one. that kind of gives a sense of how things are expected to go a lot lower than for this year. particularly when you speak about that survey declining to 5%. that s the nag is expected for cpi. that is the lowest level since you noted since july 2021. down 2% from the previous month. it offers a sense of things getting better in that way. and having dealt with inflation, they would probably want to drop a little further off to around that 2% mark. but that is perhaps a long term view which will only be set out for 2024. the expectation here is that they don t want inflation to tick back higher though and so the fight against the inflation, that s the reason why they want that to continue and 50 basis point cuts may indeed be a thing to come, particularly in the first quarter of this year. one more for you. goldman sachs expected to start one of the biggest rounds of ....
The european central bank and the people s bank of china will lower rates later this year to combat regional economic slowdowns, although some economists don t think the fed should reduce rates, the central bank signaled it will vote for an unusual insurance rate cut to prevent a potential downturn. cnbc joanna joins us live from london with her take on what this means. what can we expect ahead of the fed s decision on rates tomorrow? yeah, big meeting coming up. the market is now priced fully for one 25 basis point cuts and as much as a 50 basis point cut here. the big question is whether or not the economy needs it. and i think most analysts out there will say the hike they did in december wasn t taken that well by the markets. since then they reversed course quite sharply and now guiding towards rate cuts. the bigger question is whether or not they ll guide to more rate cuts in the future and certainly the other big question ....
Revenue. we ve had to left the debt ceiling earlier than maybe peoples that expected. that didn t work. didn t pay for itself. the president has repeatedly been calling for the fed to cut rates and the markets believe that is a near certainty to occur next week. larry kudlow suggesting on wsj at large with jerry baker that three rate cuts might be needed. i will say the market the expecting three 25 basis point cuts. my own personal view and the fed is independent, i m not going to preach, they re going to do what they re going to do, i d say the sooner the better. in latest twist, the president is threatening a tariff against french wine as a direct respect of france s new dill tax. the president saying it s the ....