Magic track pad and keyboard Trackpad slow and jumpy on bluetooth but plugged in works great.

Today I noticed that the keyboard and trackpad lagging when typing and generally using the computer. I thought it was low battery so I plugged both into the computer to charge.

When I unplugged the same issue is still there. The trackpad is very jumpy or shoots across the screen and the keyboard is slow when typing. I disconnected the bluetooth for both items and reconnected. The problem still is occurring. Both items functions normally when plugged into the computer...what's up???

IMac 27in 5K 2020

MacOS Sonoma 14.4.1

Trackpad 1.9.2

Keyboard 2.0.6

Any suggestions?

Thank you in advance.