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Central banks hope that by now theyd be clearer evidence of services, inflation easing off. But that just doesnt seem to be happening. Im not necessarily going to be getting back to expansionary environment just yet, but trade into what we call more cyclical parts of the market probably happened too fast, too soon. Earlier on this year, were still going to see prices going up here. Thats the main event, still medium term of the opinion that this monetary tightening, well see the economy suffer in the future. This is Bloomberg Surveillance with Tom Keene, Jonathan Ferro and Lisa Abramowicz Halo 4 percent life from New York City this morning. Good morning. Good morning from audience worldwide on TV and radio. This is Bloomberg Surveillance alongside Tom Keene and Lisa Abramowicz. Some Jonathan Ferro features right now down a half of 1 per cent on a SP 500 one hour ago. Eurozone CPI T.K. record high. Once again, what weve seen here is a trend of the last number of days and frankly