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i m sally bundock and we start here in the uk where in the next few hours the latest inflation numbers will be released and its widely anticipated the news will be good with prices coming down. the bank of england says it expects inflation to fall sharply in april . this follows an upgrade from the international monetary fund for the uk economy. it says we should avoid a recession this year but the imf is warning inflation remains stubbornly high and higher interest rates will need to remain in place if it is to be brought down. so where are we at? if we look at february inflation measured as consumer prices stood at 10.4%. the soaring cost of food and energy being the key drivers. it then fell slightly to 10.1% in march. this was a surprise as a much biggerfall was predicted and rang alarms bells with concerns of sticky inflation that proves difficult to reduce. bells with concerns inflation is proving very sticky. difficult to bring down. and helps low prices w ....
we begin in france, where unions have called for a new strike day today, the 10th such mobilisation since protests started in mid january against a controversial law, which includes raising the retirement age to 64 from 62. people in france are angry at president macron, after he pushed through the pension reforms in parliament using a special provision sidestepping any vote.the ministry of energy transition has warned that kerosene supply to the capital and its airports was becoming critical. joining me now is christopher dembik, head of macro analysis at saxo bank. the 10th strike in a matter of weeks. what impact having on the economy? 50 weeks. what impact having on the economy? the economy? so far, the economy the economy? so far, the economy has the economy? so far, the economy has been - the economy? so far, the economy has been muchl the economy? so far, the - economy has been much more resilient. with the yellow vest movement, a lot of strikes and a lot ....
control. inflation hit 8.6% last month, the hottest inflation since 1981. the fed meets later today. fed funds futures markets are pricing in 0.75 point rate hike to curb inflation. the wall street journal reporting the fed is likely to make a move larger than the 50 basis point move a few days ago. a terrible day yesterday, a terrible two days. cnn s claire severe webastian i london. is there stability in europe? a little bit more stability today in europe and asia as they continue to sort of digest the falls that we saw those inflation fears out of the u.s. a mixed picture. asia is now closed. tokyo is the outlier there. that economy vulnerable to monetary tightening in the u.s. japan is doing the opposite to try to maintain inflation there. the yen is around a 20-year low. again, the dollar, china rising despite renewed covid restrictions there. here in europe again a mixed picture. there is still they are digesting the worry, faster rate rises in the u.s. in e ....