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And we are seeing his republican allies really rally around him. And in some ways, they are ramping up the rhetoric to defend him. Some of them are calling for the special prosecutions investigation to be defunded. They are saying that donald trump cant get a fair trial in dc. Of course, its being held here, the scene of the alleged crime because it is a left leaning city. They refer to it as the swamp. But remember, Donald Trumps second indictment, which is in florida. The trial will take place there. Florida is his home state. Its also a republican leaning state, and its one that he won twice in the last two president ial elections. The former president is facing four federal criminal charges in this indictment, including Conspiracy To Defraud the United States, conspiracy to obstruct an official proceeding, obstr ....
Projection that we present today is very much into parts. Im going to begin with the first part. Starting near term outlook. This chart shows the evolution of Consumer Price inflation and its components since 2018. It shows that inflation has come off the peak in october last year and that it continues to fall over the rest of this year in our near term projection. Thats the piece showed in the shade of part of the chart. This fall can be attributed in large part to a full on contribution from energy. Fuel prices have declined, electricity and gas prices have stabilised, albeit at a higher level. The Dark Orange Bars on this chart show how the contribution from Energy Prices falling and turning negatively in the coming months. Giving off gems price cap on energy and gas bills, we expect inflation to take a further step ....
I strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. Other democrats used the downgrade as an opportunity to point the finger at republicans for their role in the recent debt limit fight. While republicans blame joe biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, including Jp Morgan Chase ceo jamie diamond, who called it ridiculous and said that the decision ultimately didnt really matter. And he may not be wrong. Us treasuries, that is government ious, remain the bedrock of the Global Financial system, despite this latest knock to the reputation. Expectations are high that it will raise rates again. I ....