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across the region. they're venting their anger over soaring fuel and fertilizer costs, low prices for their produce, and increasingly restrictive eu regulations. demonstrations by farmers are planned in poland, hungary and italy today. italy's government has promised tax breaks to ease hardship for farmers after hundreds began gathering with their tractors this week, on motorways outside rome and turin. this was the scene on thursday. and in cyprus, farmers blocked the entrance to the european union's offices in nicosia, on thursday. there were also demonstrations in bulgaria. and mo...

helped drive forward returns, as you say. this target was what we were expecting to hit at the end of the year, but we have seen a little bit of better than expected economic data also helping optimism that earnings growth might pick up a bit in the next few months. so is this all about expectation for rate cuts? is the optimism because of strong earnings? i the optimism because of strong earninus? ~ ., , earnings? i think it really does reflect _ earnings? i think it really does reflect rate - earnings? i think it really does reflect rate cut - does reflect rate cut expectations and...

continued to expect continuing to read cuts from the fed, which is held jack forward returns. as you say, this target is what we were expected to hit at the end of the year but we have seen a bit better—than—expected economic data that is hope and optimism that things might pick up in the next few months. is that things might pick up in the next few months. is this all about _ the next few months. is this all about expectation - the next few months. is this all about expectation for - the next few months. is this | all about expectation for rate cuts was to mark as their optimism...

The cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, such as reducing the size of the balance sheet, through...

Shelter and housing. And particularly you mentioned the cpi numbers earlier. While the headline cpi did increase, core cpi which excludes volatile inputs such as food and energy is actually higher. Its at 4. 3 . And thats illustrating that underlying inflation seems to be a lot stickier than anticipated, which, as far as fed policy goes, means that rates likely have to continue to stay higher for longer. The Federal Reserve has been keeping rates high, and that is likely to be the strategy we are expecting to see . Exactly, yeah, and there is other tools that potential they could leverage, suc...