Have you ever been caught out by payments you've forgotten about?

Join over 2.5 million customers who are already using the Lloyd's Bank upcoming payments tool on our app.

It gives you early sight of regular payments that are due to leave your account in the next 31 days

to avoid any surprises.

It's just one of our many useful tools that can help you stay on top of your money.

To find out more, go to Lloydsbank.com forward slash cost of living.

Lloydsbank by your side.

We can now say I think for the first time that the disinflationary process has started.

It is a good thing that the disinflation that we have seen so far has not come at the expensive weaker labor market.

But because there is always a but at these price conferences,

but I would also say that that disinflationary process that you now see underway is really at an early stage.

Which gets us to the meat of the thing. Powell said again today that he and his colleagues are not quite done yet.

That is to say expect another rate hike or two this year.

It would be premature. We very premature to declare victory or to think that we've really got this.

We need to see our goal, of course, is to bring inflation down.

Tell you what, and maybe this is just me.

There are a few things more entertaining on a Fed announcement day than watching Wall Street try to make sense of what Powell has done.

To make sense of what Powell is saying in real time and today was no exception.

We'll have the details when we do the numbers.

It was real clear from the Fed today that he is keeping a close close eye on the labor market in this economy for hints as to which way this economy is going.

And in fact, you actually mentioned this morning's Joltz report, the job openings and labor turnover survey that we got from the labor department today.

It's data for December. The number of job openings went up to a little more than 11 million.

...