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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 ....
redefining insurance a note of new cnn original series, new episodes tonight at nine showdown, four days until cnn s historic presidential debate. how thursday night changed the race. there s never been a better politician, a better debater and land trump s top vp contenders north dakota governor doug burgum is next and rallying cry two years after the dobbs decision, democrats rally around abortion access, or never stopped but a new poll raises questions about biden s support among women. can the president count on them in november, new york governor kathy hochul is here exclusively, plus dress rehearsal. biden huddling would debate advisers while trump plays the expectations game out on the trail, will refer to him asleep joe, what should you expect when they go head-to-head thursday night, former wisconsin governor scott walker and former obama senior adviser, david axelrod, are here to break it get down good morning. i m kaitlin collins and for jake tapper tapper ....
Us about it. and the sector, there s a depleted workforce, so we have a supply and demand issue, which means our competitors are putting up prices as well. but the staff say as soon as that welcome extra money comes in, it seems to go straight back out again. our essential bills have gone up, and theyjust keep going up, so that s the reason why we are getting pay rises, because the cost of living has gone up. so i wouldn t say it s that we re having that much more money, it s just the fact to cover our bills and things like that. across the economy, the reality is, average private sector pay growth, at 6.9%, is way ahead of public sector pay rises of 2.7%, and both are failing to keep up with inflation, at over ii%. there s another big split between public and private sectors. vacancies in the private sector are falling fast. open positions in hospitality, down ii%. open positions in retail, down 9%. it seems that private businesses are reducing their hiring intentions, expecting consu ....
It and he needed them. i increased the wages twice this year. i increased it by approximately i6%. i felt i had to do that because the staff were feeling the pressures, they were telling us about it. and the sector, there s a depleted workforce, so we have a supply and demand issue, which means our competitors are putting up prices as well. but the staff say as soon as that welcome extra money comes in, it seems to go straight back out again. our essential bills have gone up, and theyjust keep going up, so that s the reason why we are getting pay rises, because the cost of living has gone up. so i wouldn t say it s that we re having that much more money. it s just the fact to cover our bills and things like that. across the economy, the reality is, average private sector pay growth, at 6.9%, is way ahead of public sector pay rises of 2.7%, and both are failing to keep up with inflation, at over ii%. there s another big split between public and private sectors. ....