European Central Bank Expected to Cut Interest Rates, Weakening Currency and Diverging from the Federal Reserve from small skin Watch Video

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✓ Published: 04-Jun-2024
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The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.

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The European Central Bank is expected to cut its interest rates on Thursday, which could lead to a weaker euro as the region's monetary policy diverges from that of the United States. The ECB is comfortable with this divergence, even if it means a weaker currency that could potentially stoke inflation. Recent data shows that underlying inflation in the euro area unexpectedly rose in May for the first time in a year, adding to the concerns about lingering consumer-price pressures. The ECB's decision will be accompanied by quarterly forecasts and a press conference, which will be scrutinized for hints of future policy intentions. Money markets are currently betting on two rate reductions this year, with a small chance of a third.
⏲ 0:45 👁 13.1M
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A great-grandmother is so obsessed with leopard skin that she has filled her home and her wardrobe with it - and even plans to be buried in the print.<br/><br/>Ira Bowman, 76, first fell in love with the distinctive spotted pattern in the 60s when she bought a scarf on a shopping trip to Oxford Street in London.<br/><br/>Over the years, her collection has spiralled and now her home in King's Lynn, Norfolk, is decorated with the animal print.<br/><br/>Ira, whose 10-month-old great-granddaughter Minnie Smalley is already sporting the family colours, has even planned a leopard skin funeral.<br/><br/>The former hairdresser, who also worked with special needs children before she retired said: \
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Shadow home secretary Yvette Cooper said the party wants to see “significant changes” and is clear that net migration “must come down”. But she stopped short of setting a target, saying the Conservatives have failed when they have done so and arguing that “variations” each year – such as the war in Ukraine – must also be considered. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Henri Roché pastels are highly coveted for their particular texture, ability to adhere to most mediums, and intensity of colors. For over 300 years, La Maison du Pastel has handcrafted these pastels, used by artists like Degas. Today, the company is run and operated by just two women — Isabelle Roché, a distant relative of Henri Roché, and Margaret Zayer. But it's taken them decades of work since Isabelle took over the dying company in 2000 to build it back up to where it is today. We visited their secret workshop in the French countryside to see how La Maison du Pastel is still standing.
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