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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 ....
And a half hours or so. And it is going to impact not only the rolled, but also, rail service this morning, that we did hear from septa. Septa said theyre able to roll trains past the radnor station, and amtraks harrisburg line, which they call it the keystone line. That first train doesnt roll until 6 30. As far as the roadways go with king of prussia road closed youll have to use county line road, or maybe go all the way down and use wayne ave. , through wayne. The trick is going to be if youre on the lancaster avenue side of the station, youre not able to get to the radnor train station parking lot. Because thats king of prussia road. And thats the under pass there, thats closed, so youll have to maybe drive to the wayne station, pick up the train from there, no matter how you shake it out, septas probably going to have delays across the board on it Regional Rails, because of the weather conditions this morning, and just expect ....
Rishaad its going nuts, bitcoin. Im just going to show you what is happening here. 85,000 record, over earlier today. This shows you the progression of bitcoin in terms of gold lasts since november of year. We were trading below one ounce of gold. Now you need 6. 4 ounces to buy one bitcoin. Thats the story at the moment as bitcoin seemingly goes in just one direction. Is it a bottle . . Bubble will it survive the apocalypse doomsday some people have been betting on . Like gold, there is a finite supply of bitcoin. Sales of gold coins from the the most iniding the first three quarters of 2017 in favor of this cryptocurrency. Were even last week we wondering, is this about to come to a really messy end . Investors apparently brushing aside concerns over technology. We did see a drop in gold on account of that rebound of the dollar. To the rest of the markets. The financial markets, if you because we are seeing stocks recover from the recent pullback. Lets go over to sophie. Japanese mar ....
Today, number two, 60 million worth of bitcoins were stole from a Bitcoin Wallet. Bitcoin is not immune to hackers and once they are gone, you cant get them back, think about that. Politics, senator franken will make a statement on the senate floor today, lost support of most fellow democrats, will he resign, dont know. Will he respond to Sexual Harassment charges against him, we dont know that either. When he speaks, you will see and hear it. Veterany company is about to Varney Company is about to begin. Note stuart lets get right to it. Story of the day, Southern California wild fires, ashley, what do we have . Brutal santa ana winds which would fan the flames from fires, now the National Weather sa ....
Amongst the dollar weakness euro strength and that means european stocks are finding it hard to make any headway. 6418 right now. We are at a more than twoyear high. How will opec and friends respond . Heres emma chandra. Stocks fell more than 2 after a report that qatari fighter jacks jets intercepted an airline from uae. Its the latest escalation in the dispute between persian gulf monarchies. Saudi arabia, the uae and egypt all accused of destabilizing the region. Carillion has fired for liquidation filed for liquidation. The shares have fallen more than 90 since july. It employs 43,000 people worldwide. Its a further boost to the International Status of the chinese yuan. Liquidation filed for liquidation. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. We will get a perspective on whats going on in the markets today despite the holid ....