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According to a trial transcript, two friends of Durrett also testified they’d heard Ezra make similar statements. Durrett didn’t implicate Ezra until months after the crime — and after he, Durrett, had been charged with the murder. And although she has been “madly in love” before, Christine said she’d never felt such pure love as she does with Ezra. But the older man said the younger man couldn’t love her because he didn’t even love himself. A few days later he told Christine about another man who needed her help.
Persons: Alexa, , , Christine, Christine Roess, Smokey Robinson, Van Morrison, he’d, Ezra, Morris Weitz, Thomas Durrett, Durrett, they’d, didn’t, ” Durrett, Ezra Bozeman’s, ” Christine Roess, she’d, ” Christine, Ezra Bozeman, Christine Roess Ezra, Dana Kelly, Kelly, Teddy Pendergrass, Edwin Hawkins, Christine Roess “ Alexa, I’ve, Team Free Ezra —, , Josh Shapiro, I’ll, Yusef Organizations: CNN, Fortune, Laurel Highlands, Team Free, Department of Corrections, Savage Locations: Philadelphia, Bozeman, Pittsburgh, Laurel Highlands, Laurel, couldn’t
Yet she couldn’t bring herself to vote for Biden and didn’t vote that year. In the 2000 election, Democrat Al Gore received 70% in DeKalb; in 2020, Biden won 83%. Massachusetts native Kim Cavaliere, who moved to Georgia over 20 years ago, is pictured at her home in Dacula, Georgia. She’s still inclined to vote third-party again but is perhaps open to reconsidering if Georgia could settle a close race. It is rural, and reliably red – Trump won 71% of the county vote in 2020.
Persons: Christine Nguyen’s, Nguyen, ” Nguyen, ” Decatur, Donald Trump, Joe Biden, , Trump, Biden, Christine Nguyen, she’s, , Celia Gardner, Jan Gardner, , ” Jan Gardner, Celia, ” Celia Gardner, Democrat Al Gore, Gwinnett, George W, Bush, “ I’ve, Kim Cavaliere, Cavaliere, ” Cavaliere, Count Cavaliere, She’s, – Biden, , ” Carey Fulks, John King, CNN Carey Fulks, Fulks, ” Fulks, ” Biden, – Trump, Matt Vrahiotes, ” Vrahiotes, it’s, Vrahiotes, Ron DeSantis, “ I’m, Trumper, who’s, “ Kennedy, Robert F, Kennedy Jr, ” Vrahioties, Atlanta’s Organizations: Georgia CNN, White, CNN, Trump, DOJ, Justice Department, CIA, Schools, Democrat, Biden, Gwinnett County, “ Democrat, Republican, Sweet, Florida Gov, GOP Locations: Decatur, Georgia, , DeKalb County, Atlanta, Decatur , Georgia, Israel, DeKalb, Dunwoody, Dunwoody , Georgia, Neat, White DeKalb, Gwinnett County, Massachusetts, Dacula , Georgia, Grove, Covid, Fulton County, Gwinnett, Acre, Alto, Hall County, Alto , Georgia, York
A woman in Michigan was charged with second-degree murder after driving her vehicle into a building where a birthday party was taking place on Saturday, killing two children and injuring 15 other people, prosecutors announced on Tuesday. The woman, Marshella Marie Chidester, 66, was also charged with two counts of operating a vehicle while intoxicated, causing death, and four counts of operating a vehicle while intoxicated, causing serious injury, Jeffery A. Yorkey, the Monroe County prosecuting attorney, said. She was given a $1.5 million bond. Bill Colovos, an attorney for Ms. Chidester, who appeared before District Court Judge Christian J. Horkey, said in court that Ms. Chidester did not have any previous traffic citations and that she had a history of seizures since November, saying that she experienced an “epileptic-type seizure in her legs.” The court entered a plea of not guilty for Ms. Chidester. Prosecutors said Ms. Chidester was intoxicated on Saturday when she drove her vehicle into a wall of the Swan Boat Club in Berlin Township, Mich., where the birthday party was taking place, killing the children and injuring 15 other people.
Persons: Marshella Marie Chidester, Jeffery A, Bill Colovos, Chidester, Christian J, Horkey, Prosecutors Organizations: Swan Boat Locations: Michigan, Monroe County, Berlin Township, Mich
Companies are using drones and special software to plant trees and overcome reforestation pain points. Robotics making reforestation more efficientThe tech-driven company Mast Reforestation uses drones and biotechnology to help landowners restore forestland after wildfires. Another company using robotics to plant trees is Flash Forest, which employs automated drones to restore burn sites and other damaged forest areas. To combat this issue, Mast Reforestation uses its custom-built software as a seed-inventory and seed-collection logistics platform. The software helped Mast Reforestation collect enough seeds last year to reforest about 2,100 acres on Sheep Creek Ranch in Montana.
Persons: Matthew Aghai, Aghai, Grant Canary, they're, Chris Ireland, Flash, Randy Johns, Jeff Renton, Forest's Organizations: Service, Global Forest Watch, Forest, Ireland, Business, Flash, Boreal, Keewatin Community Development Association, Flash Forest Locations: forestland, Technology, , Canada, Ireland, Keewatin, Canadian, Saskatchewan, Montana, , Montana
The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge is leaving for personal reasons related to his family and will stay on at Disney until June, the memo said. At ESPN, LaBerge has been a central figure behind the company's streaming services, including ESPN+, the upcoming sports streaming application co-owned by Disney, Warner Bros. They include former CEO Bob Chapek, former head of streaming Kevin Mayer, ex-finance chief Christine McCarthy, former Walt Disney Studios Chairman Alan Horn, former Disney general counsel Alan Braverman, ex-head of communications Zenia Mucha, and former president of Walt Disney Pictures, Sean Bailey.
Persons: Aaron LaBerge, LaBerge, He'll, He's, Bob Chapek, Kevin Mayer, Christine McCarthy, Alan Horn, Alan Braverman, Zenia Mucha, Sean Bailey, Aaron, Jimmy Pitaro, Dana Walden, Alan Bergman, Chris Lawson, Paul Allen Organizations: Walt Disney, New York Stock Exchange, Disney Entertainment, ESPN, PENN Entertainment, ESPN Bet, Disney, Hulu, Warner Bros . Discovery, Fox, Walt Disney Studios, Walt Disney Pictures, ESPN BET, Company, Starwave
The scourge of customer satisfaction surveys
  + stars: | 2024-04-22 | by ( Adam Rogers | ) www.businessinsider.com   time to read: +12 min
— is devoted to customer surveys. Other metrics followed: the Customer Satisfaction Score, the Customer Effort Score, measurements of the entire Customer Experience. At the peak of the so-called sharing economy, customer surveys were all-powerful. The glut of customer surveys has created an additional problem for marketers. "We ask for customer feedback on these things all the time, but it's hard for a customer to give you immediate feedback, because a customer doesn't know what quality is yet."
Persons: you've, I'm, They're, Brad Anderson, Fred Reichheld, Nick Lee, James Wagner, It's, Christine Moorman, Lee, That's, it's, hasn't, Anderson Organizations: NPS, Warwick Business School, University of Michigan's Institute for Social Research, Companies, Duke University, Institutional, Board, Health Service Locations: United States, Qualtrics, Bain, Warwick
Currencies calm but cautious after a weary week
  + stars: | 2024-04-22 | by ( ) www.cnbc.com   time to read: +3 min
U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Eyes are on the yen this week, with the Bank of Japan's, or BOJ, Friday policy review the notable item on the economic calendar. The yen has been one of the biggest losers against the dollar this year, with losses mounting to 9%. The ECB's Robert Holzmann, however, said the ECB probably will not cut rates this year as much as planned if the Fed does not move. BoE Governor Andrew Bailey and Deputy Governor Dave Ramsden alluded last week to Britain's inflation slowing as expected.
Persons: Chris Weston, Weston, Kazuo Ueda, BoE, ECB policymaker Madis Muller, Christine Lagarde, Robert Holzmann, BoE Governor Andrew Bailey, Dave Ramsden, Sterling, Bitcoin Organizations: U.S ., Bank of Japan's, Federal Reserve, Monetary Fund, Bank, Washington , Bank of Japan, European Central Bank, Bank of England, ECB policymaker, ECB, Treasury Locations: Buenos Aires, Argentina, East, Tehran, Iran, Washington, United States, Japan, South Korea, Washington ,, U.S
Mandisa Hundley, a gospel singer whose strong vocals were applauded on “American Idol” and who later won a Grammy Award for best contemporary Christian music album, was found dead at her home in Nashville on Thursday. The Media Collective, which represented Ms. Hundley, confirmed her death and said in a statement that the cause was not known. She was a fan favorite on “American Idol” in 2006, but became the fourth of the 12 finalists to be eliminated. As a soul singer, she spoke openly about her love of God, and her music resonated with fans. Ms. Hundley famously stood up to Simon Cowell, the “American Idol” judge, who has a reputation for being intimidating.
Persons: Mandisa Hundley, Idol ”, Hundley, , Simon Cowell, Cowell Organizations: Idol, Media Locations: Nashville, Chicago
The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.
Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland
Budget cuts to two major financial aid programs could affect over 100,000 soldiers. Talks of budget cuts coincide with a time where Army recruitment is falling short of its goals. Potential budget cuts to the Army's Credential Assistance and Tuition Assistance programs could impact over 100,000 soldiers, policy experts recently told Inside Higher Education. The Credential Assistance program provides soldiers with $4,000 dollars a year going toward earning various certifications, and the Tuition Assistance program allows active-duty service members to receive $250 per hour of credit. Talks of budget cuts come at a time where recruiting for the Army is notably struggling.
Persons: , Christine Wormuth, didn't, Wormuth, Will Hubbard Organizations: US Army, Army, Service, Higher, Air Force, Navy, Veterans Education
European stock markets are set to open sharply lower Friday, rounding off a week in which escalating tensions in the Middle East and repricing of interest rate expectations have been in focus. After a strong start to 2024, the index is heading for its first monthly loss of the year in April. In the latest back-and-forth between the countries, Israel launched a limited direct military attack on Iranian soil early Friday morning. Investors are monitoring a slew of commentary on the path of interest rates emerging from the International Monetary Fund's Spring Meetings in New York. But markets have become significantly less confident there will be a June cut from the U.S. Federal Reserve or Bank of England, after two hotter-than-expected inflation prints.
Persons: François Villeroy de Galhau, Christine Lagarde Organizations: International, European Central Bank, CNBC, U.S . Federal Reserve, Bank of England Locations: Israel, New York
Donald Trump's hush-money criminal trial opened April 15 in a Lower Manhattan courtroom. Courtroom sketch artists have captured the former president's many moods during the trial. AdvertisementFormer President Donald Trump's historic hush-money criminal trial officially got underway inside a Lower Manhattan courtroom on April 15. AdvertisementIt's the first-ever criminal trial of a former president — and the courtroom sketch artists have already captured many moods of Trump, the presumptive Republican presidential nominee, during the jury selection process. I will not tolerate that," Merchan told Trump's lead lawyer, Todd BlancheFormer President Donald Trump sat while his lawyer Todd Blanche spoke during the second day of jury selection in his hush-money criminal trial.
Persons: Donald Trump's, , Trump, Stormy Daniels, Donald Trump, Jane Rosenberg, Juan Merchan, he's, Jane Rosenberg Trump, Merchan, Trump's, Todd Blanche, Christine Cornell Organizations: Trump, Service, Prosecutors, AP, REUTERS, New York Locations: Lower Manhattan, Manhattan, York, New York
Read previewTwelve of Donald Trump's peers — 7 men, and 5 women — have been chosen to decide the first-ever criminal trial of a former US president. On Thursday afternoon, New York Supreme Court Justice Juan Merchan selected the 12th juror in Trump's Manhattan criminal case. AdvertisementTwo men chosen in the afternoon filled seats that had been vacated earlier in the day. One out of six alternate jurors, a woman, was also chosen. AdvertisementThere's a man who says he knows "little" about Trump's criminal cases and gets his news from The New York Times, The Daily Mail, Fox News, and MSNBC.
Persons: , Donald Trump's, Juan Merchan, Merchan, Trump, doesn't, Donald Trump, Todd Blanche, Christine Cornell, Stormy Daniels, Blanche, That's, Joshua Steinglass, I'm Organizations: Service, Business, The New York Times, The Daily Mail, Fox News, MSNBC, AP Pool Trump, Prosecutors Locations: Manhattan, New
New York Supreme Court Judge Juan Merchan, who is overseeing the trial, told news outlets to watch how they report on the jurors and forbade the press from reporting where jurors are employed. The ruling came after one juror was dismissed from the trial after expressing concerns that portions of her identity had been made public by the news media. The juror told the judge she had concerns that she could not be impartial after those close to her asked if she was a juror on the case. Christine Cornell“We just lost what probably would’ve been a very good juror,” Merchan added. Former federal prosecutor Jeffrey Toobin told CNN that Merchan could hold news outlets in contempt if they publish identifying information about a juror.
Persons: Donald Trump’s, Juan Merchan, “ I’m, it’s, Donald Trump, — Emil Bove, Todd Blanche, Judge Juan Merchan, Christine Cornell “, ” Merchan, , Merchan, “ It’s, Jeffrey Toobin, ” Toobin, , Toobin Organizations: CNN, New, Fox News, NBC, ABC, Politico, New York Post Locations: Manhattan
Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymaker Joachim Nagel said Wednesday that a rate cut for the institution looks increasingly likely for June, but added that certain parts of the incoming inflation data still look higher than desired. watch nowEarlier Wednesday, Mario Centeno, governor of Portugal's central bank, said it was "about time to change this monetary policy cycle." The ECB's June interest rate decision would be "very important," he said. Markets are widely pricing in the first rate cut from the ECB to take place in June. watch nowEarlier this week, ECB President Christine Lagarde said that unless there were any major shocks, the ECB was on track to cut interest rates soon.
Persons: Joachim Nagel, Alex Kraus, Central Bank policymaker Joachim Nagel, Germany's Bundesbank, Karen Tso, " Nagel, , Mario Centeno, CNBC's Tso, Christine Lagarde, disinflation, CNBC's Sara Eisen, Robert Holzmann, Holzmann, wasn't Organizations: Deutsche Bundesbank, Bloomberg Television, Bloomberg, Getty, Central Bank, ECB Locations: Frankfurt, Germany, Washington ,, Europe, Portugal's, Austrian, East
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChristine Lagarde: ECB will cut rates soon, barring any major surpriseCNBC's Sara Eisen speaks with ECB President Christine Lagarde to discuss whether the central bank remains on course to cut interest rates, how geopolitical developments have impacted commodity prices, and more.
Persons: Christine Lagarde, Sara Eisen Organizations: ECB
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailECB President Christine Lagarde: EU growth will come from wage increases while inflation fallsCNBC's Sara Eisen speaks with ECB President Christine Lagarde to discuss whether the central bank remains on course to cut interest rates, how geopolitical developments have impacted commodity prices, and more.
Persons: Christine Lagarde, Sara Eisen
Those what-ifs could further roil gas and oil prices. But if there’s further conflict, he said, “you’d see a much higher premium for oil prices. If there’s a de-escalation of tensions between Israel and Iran, they said, oil prices should come down over the next few weeks. But if there’s an escalation in conflict, they expect that oil prices could jump to more than $100 per barrel, they wrote in a note Monday. Retail sales rose 0.7% in March from the prior month, a slower pace than February’s upwardly revised 0.9% gain, the Commerce Department reported Monday.
Persons: New York CNN —, JPMorgan Chase, Jamie Dimon, ” Dimon, Jerome Powell, We’ll, Christine Lagarde, Andrew Bailey, Dave Sekera, Israel doesn’t, , , Moody’s, there’s, Chris Isidore, Pete Muntean, Sam Salehpour, Read, Bryan Mena, Claire Tassin Organizations: CNN Business, Bell, New York CNN, Dow, JPMorgan, International Monetary Fund, IMF, Bank, Bank of Canada, Seven, European Central Bank, Bank of England, Morningstar, Nvidia, AMD, Wall Street Journal, Federal Reserve Bank of New, Boeing, Federal Aviation Administration, Alaska Airlines, Commerce Department, Morning, Amazon Locations: New York, Russia, Ukraine, China, United States, Washington ,, Iran, Israel, Federal Reserve Bank of New York
European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. Lagarde said the ECB would monitor oil prices "very closely" amid elevated fears of a spillover conflict in the Middle East. However, since Iran's unprecedented air attack on Israel over the weekend, she said the oil price reaction had been "relatively moderate." Her comments come shortly after the central bank gave its clearest indication to date that it could start cutting interest rates during its June meeting. The ECB on Thursday held interest rates steady at a record high for the fifth consecutive meeting, but signaled that cooling inflation means it could begin trimming soon.
Persons: Christine Lagarde, Lagarde, CNBC's Sara Eisen Organizations: European Central Bank, ECB Locations: Israel
First, the conventions of the criminal trial – like those in thousands of courtrooms every day – mean this case will grind on relentlessly. In previous civil trials, Trump challenged the dignity of the rule of the court and feuded with other judges. But potential jurors appeared to take their obligation deeply seriously. But other potential jurors said they’d be able to put any political feelings about Trump to one side and focus on the evidence and the law. And in another revealing trend that hinted at the ex-president’s political appeal, some potential jurors mentioned that they viewed his rhetorical eruptions as those of someone who speaks his mind, unlike conventional politicians.
Persons: Donald Trump, , Biden, Trump, Juan Merchan, — Trump, Attorney Alvin Bragg, Joe Biden, , Alvin, ” Trump, Stormy Daniels, Daniels, Andrzej Duda, don’t, Duda, Mimi Rocah, CNN’s Erin Burnett, “ You’re, Merchan, he’s, won’t, Barron’s, they’d, Robert Hirschhorn, CNN’s Burnett, Christine Cornell, John Gotti, Bernie Madoff Organizations: CNN, White House, , Manhattan, Attorney, New York, Trump, US, Office, Southern, of, Boeing, Republican Locations: Manhattan, bodega, Pennsylvania, Trump, of New York, New York
Opinion: What does Iran really want?
  + stars: | 2024-04-14 | by ( Peter Bergen | ) edition.cnn.com   time to read: +10 min
“A modern, strong, peaceful Iran could become a pillar of stability and progress in the region,” former US Secretary of State Henry Kissinger wrote in 2006. Iran introduced into the Iraqi war zone highly effective roadside bombs known as EFPs – Explosively Formed Penetrators – that wounded and killed hundreds of American soldiers. The official US Army history of the Iraq War concluded that Iran was the only winner of that war. Iran’s ‘cookie-cutter approach’Norman Roule was the top US intelligence official on Iran from 2008 to 2017. The withdrawal of the US troops from neighboring Iraq is a key goal of Iran, which exerts considerable influence over some Iraqi politicians.
Persons: Peter Bergen, Osama bin Laden, Shah, Henry Kissinger, Iran’s ayatollahs, Karim Sadjadpour, Sadjadpour, Reagan, bin Laden, bin, al, Saddam Hussein, , Noam Chomsky, Iran’s, Norman Roule, Roule, propping, Bashar al, Assad, Christine Abizaid, , Trump, Obama, Donald Trump, , Benjamin Netanyahu, hasn’t, Joe Biden, Netanyahu, hadn’t, Biden, Abizaid, Mohammed Shia Organizations: New, Arizona State University, Apple, Spotify, CNN, Saturday, East, CIA, US Army, Israel, US National Counterterrorism Center, US Treasury Department, ‘ Deemed, United Nations, Israel’s, Hamas, Iran, White, ISIS Locations: New America, Israel, Iranian, Damascus, Iran, United States, Palestine, , Lebanon, Beirut, Saudi, al Qaeda, Iraqi, Saddam, Iraq, Syria, Yemen, Red, Suez, Gaza, New York, Damascus ”, Jordan
Read previewKevin Costner has said he is open to returning to "Yellowstone" to wrap things up despite previously stating his intentions to take the show's producers to court over a pay dispute. Reports of a feud between "Yellowstone" cocreator Taylor Sheridan and Kevin Costner began in February 2023. Season five of "Yellowstone" saw John Dutton (Kevin Costner) elected governor of Montana. AdvertisementRepresentatives for Costner, Sheridan, and Paramount Network did not immediately respond to a request for comment from Business Insider, made outside regular working hours. Previously, Sheridan has hinted that the ending of "Yellowstone" could see Costner's character killed off.
Persons: , Kevin Costner, Costner, Taylor Sheridan, cocreator Taylor Sheridan, Frederick M, Brown, John Dutton, — Costner, they've, Christine Baumgartner, Sheridan, Jerod Harris, Matthew McConaughy, Michelle Pfieffer Organizations: Service, Paramount Network, Business, Entertainment, Montana . Paramount, People, Getty, Hollywood, Paramount Locations: Montana, Las Vegas , Nevada, Yellowstone, Kingstown
A retrial was ordered in 2023 for the first-degree murder charge, and the case currently sits with the Canadian Supreme Court. According to Toronto Life, all five of the accused faced first-degree murder, attempted murder, and conspiracy to commit murder charges. NetflixWong received the same sentence and charges as PanWong was found guilty of the same charges as Pan: first-degree murder and attempted murder. For the first-degree murder charge, he received a life sentence with no chance of parole for 25 years; for the attempted murder charge, a life sentence. If it doesn't, Wong, Pan, and the other accused will be allowed to seek parole.
Persons: , Jennifer Did, Jennifer Pan, Bich, Huei Hann Pan, Pan, Daniel Wong, Wong, Jennifer Pan's, Karen K, Ho, Jennifer, Christine, Lenford Crawford, Crawford, Pan's, Huei Hann, Netflix Wong, Pan Wong, Eric Carty Organizations: Service, Netflix, Canadian, CBC, Canadian Supreme, Business, Pan, Toronto, Police, Toronto Life, Ontario, Markham Economist, Sun Locations: Toronto, Pan's, Lindsay , Ontario
Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, March 7, 2024. The European Central Bank on Thursday held interest rates steady for a fifth straight meeting and gave its clearest signal yet of an upcoming rate cut, despite uncertainty over the U.S. Federal Reserve's next moves. In a press conference following the announcement, ECB President Christine Lagarde said this "important" new sentence was a "loud and clear indication" of the bank's current sentiment. The ECB made no direct reference to loosening monetary policy in its previous communiques. The central bank for the 20 countries that share the euro currency hiked its key rate to a record 4% in September.
Persons: Christine Lagarde, Hussain Mehdi Organizations: European Central Bank, ECB, U.S, U.S . Federal, HSBC Asset Management Locations: Frankfurt, Germany, U.S .
The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations. Investors are closely monitoring central bank moves on the back of a considerable reduction in inflation across major economies. So far, Switzerland was the first major economy to cut interest rates back in late March. Market players are currently pricing in a 92.8% chance that the ECB will cut rates in June from the historically high level of 4%, according to LSEG data. Her comments come just ahead of a European Central Bank meeting due on Thursday.
Persons: DeAnne Julius, Julius, Christine Lagarde, Lagarde Organizations: U.S . Federal, European Central Bank, Bank of England, Monetary, CNBC, Tuesday, ECB, Federal Reserve Locations: Switzerland, U.S, United States
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