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Inflation
UK Grocery Sales Hit Highest Level Since Covid Lockdown As Christmas Shopping Begins
British supermarket sales surged to £11.6 billion last month, reaching their highest level since the pandemic-induced panic buying of 2020, driven by early Christmas shopping and Halloween celebrations.
Market researcher Kantar revealed…
Global Consumer Price Anger Creates Political Storm Across Advanced Nations
Political leaders across developed economies are grappling with persistent public discontent over high prices, despite inflation rates returning to normal levels. The unprecedented surge in living costs has created a toxic legacy that…
Fed Set To Cut Interest Rates By Quarter Point Despite US Election Uncertainty
The Federal Reserve appears ready to implement a quarter-point reduction in its benchmark policy rate next week, maintaining its strategic direction despite a skewed employment report and clouded economic policy outlook surrounding the…
US inflation drops to 2.4%, raising hopes for a base rate reduction
Last month, the consumer prices in America declined more slowly than anticipated as rising food and housing costs drove inflation.
According to the Bureau of Labor Statistics, the consumer price index (CPI), rose by 0.2 percent in…
UK Inflation Set to Rise and Remain Above Target Until 2027 Warns BCC
The British Chambers of Commerce (BCC) has issued a stark warning about the UK's inflation outlook, projecting that consumer price inflation will climb steadily to 2.6% by the end of the year and remain above the Bank of England's 2% target…
UK Mortgage Holders and Renters Face Steepest Inflation Impact
The surge in living costs across the United Kingdom has had an uneven impact on various segments of society, with mortgage holders and renters bearing the brunt of the inflation, according to data from the Office for National Statistics…
How Rachel Reeves promotes Britain as a safe haven for global money
Labour's drive to make the UK an "island" of stability seems to have been perfectly timed.
Rachel Reeves is promoting Britain as an investment destination that has recently become more stable.
The new Chancellor will encourage…
Fears about French bonds cause the EU inflation rate to fall
The European Central Bank (ECB) is "very worried" that member states are not adhering to the fiscal rules of Brussels. This is because the bank fears it will be unable to use its emergency tool to prevent a French bond market crash after…
Bank of England Governor predicts “quite a fall” in UK inflation figure for April
Bank of England Governor said that he expects "quite a fall" in the inflation rate to be around the 2 percent target level when the official figures are released on Tuesday. He also predicted that the central bank will cut interest rates in…
How inflation has driven the UK’s cost of living crisis
The Office for National Statistics will release its April inflation statistics on Wednesday. It is expected that the data will show prices rising at their lowest rate since summer of 2021.
For economists a rate of inflation of around 2%…
World Bank warns that oil prices could reach $100 per barrel if the conflict in the Middle East…
The World Bank said that a serious increase in tensions in the Middle East could push the oil price to $100 (£80) per barrel, and reverse the recent decline in global inflation.
The Washington-based organization said that the recent drop…
The disappointment of a 3.2% inflation rate as the hopes for rate reductions fade
The Bank of England is more likely to delay cutting interest rates later in the year if inflation falls slower than expected. This is due, in part, to the higher fuel prices.
According to the Office for National Statistics, the pace of…
Hunt promises to reduce the benefits bill ‘further’ and ‘faster’
Jeremy Hunt warned that the costs of welfare benefits were rising uncontrollably. He pledged to cut the welfare bill "further, faster and more dramatically".
In an interview, the Chancellor said that he also wanted to reduce National…
Bailey says UK is on track to cut rates as US struggles with stubborn inflation
Andrew Bailey said that UK Interest Rates will continue to fall over the next few months, amid fears that the US rate cut may be delayed due to stubborn inflation.
The Bank of England Governor stated that he had "strong evidence" of…
After US inflation rose to 3.5%, markets slash their rate-cut bets
After US inflation exceeded expectations, traders slashed their bets on Federal Reserve rate cuts Wednesday. Joe Biden also acknowledged that there was still "more to be done" in combating price increases.
After official data revealed a…
Middle and high-income households are facing the worst living standards decline since 1960s
Tories presided over the largest setback in records since beginning
If the Conservatives are in power, the Institute of Fiscal Studies has warned that middle- and high-income households in Britain will experience the biggest decline in…
UK inflation drops to 3.4%, the lowest since two and half years.
The UK's inflation rate fell to just 3.4% in the month of February, the lowest it has been for over two years. This is because the pace of annual price increases began to slow down again after having stagnated the previous months.
The…
Top central banker warns: Cut borrowing or you will face a debt crisis
A top central banker warned that governments must stop "relentless borrowing" or they risk plunging into a global debt crisis.
Agustin Carlstens, the head of the Bank for International Settlements (BIS), a global club for central bank…