BoE chief warns more interest rates hikes are coming after inflation shock
2 years, 4 months ago

BoE chief warns more interest rates hikes are coming after inflation shock

Daily Mail  

The Bank of England today warned of more interest rate hikes to come after inflation topped 11 per cent - and is set to remain there for months. Governor Andrew Bailey told MPs that the UK labour market is still 'tight' and more increases in interest rates are 'likely' to try to get a grip on prices The headline CPI rate rose to a new 41-year high of 11.1 per cent in October, up from 10.1 per cent the previous month and far above the 10.7 per cent analysts had expected Inflation in the UK has jumped to 11.1 per cent in October - far worse than predicted by experts This chart shows how inflation is hitting pockets. The Bank of England had predicted inflation would peak slightly below the current level - nearly six times its 2 per cent target - leaving it under huge pressure to ramp up interest rates again. The headline CPI rate rose to a new 41-year high of 11.1 per cent in October, up from 10.1 per cent the previous month and far above the 10.7 per cent analysts had expected Inflation in the UK has jumped to 11.1 per cent in October - far worse than predicted by experts This chart shows how inflation is hitting pockets. Nurses and other public sector workers are threatening to strike over pay deals which fall short of inflation Rishi Sunak said Jeremy Hunt would set out a plan to balance the books tomorrow While private sector pay rose by 6.6 per cent, wages in the public sector – which includes doctors, nurses and civil servants – went up by only 2.2 per cent.

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History of this topic

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
1 week ago

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Hindu  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Powell acknowledged that the Fed initially thought inflation coming out of the pandemic would be temporary, which led it to delay raising rates to combat higher prices. "We’re going to …

Fed projections show economy radically changed by Trump’s election
1 week ago

Fed projections show economy radically changed by Trump’s election

Live Mint  

The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. “We now have inflation coming in from an exogenous source, but the underlying inflationary picture before that was basically 2½% inflation, 2% …

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
1 week ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
1 week, 1 day ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

How worried should we be about inflation bouncing back - and what can you do? SIMON LAMBERT
1 month, 1 week ago

How worried should we be about inflation bouncing back - and what can you do? SIMON LAMBERT

Daily Mail  

Inflation is back at 3 per cent, so how worried should we be? The ONS revealed a rebound in consumer prices inflation in January, hot on the heels of the Bank of England forecasting that it would peak at 3.7 per cent this year. Yesterday’s CPI number for January somewhat rattled analysts, as it was not only a big jump …

Inflation soars in January, hampering plans for rate cuts
1 month, 2 weeks ago

Inflation soars in January, hampering plans for rate cuts

Salon  

Inflation in the United States suddenly rose in January, in a turn of events one Federal Reserve Bank president called "sobering." The latest update showed that inflation rose to 3 percent in January — a leap of 0.5% and the fastest monthly increase since August 2023 — after many common household goods soared in price. Austan Goolsbee, president of the …

US inflation likely remained sticky-high last month, threatening interest rate cuts
2 months, 1 week ago

US inflation likely remained sticky-high last month, threatening interest rate cuts

Hindustan Times  

US inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year. Last Friday's unexpectedly strong jobs report caused stock and bond prices to plunge on fears that a healthy economy could keep …

U.S. inflation picked up in December, though underlying price pressures ease slightly
2 months, 1 week ago

U.S. inflation picked up in December, though underlying price pressures ease slightly

LA Times  

A shopper in a grocery store in San Francisco. U.S. inflation picked up last month as prices rose for gas, eggs, and used cars, yet underlying price pressures also showed signs of easing a bit. Many economists and investors are worried that inflation has gotten stuck above the Fed’s 2% target, after a steady decline in prices in 2023 and …

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears
3 months, 1 week ago

Inflation analysis: Prices rising faster means higher borrowing costs for longer amid recession fears

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The faster price gains for consumer goods like food …

UK inflation increase solidifies expectations interest rates will be kept on hold
3 months, 1 week ago

UK inflation increase solidifies expectations interest rates will be kept on hold

Associated Press  

LONDON — Inflation in the U.K. rose to its highest level in eight months during November, official figures showed Wednesday, a development that has cemented market expectations that the Bank of England will opt against cutting borrowing costs this week. It said stubbornly high inflation in the crucial services sector, which accounts for around 80% of the U.K. economy, and …

EXCLUSIVE-BOJ leaning toward keeping rates steady next week, sources say
Trending News
3 months, 2 weeks ago

EXCLUSIVE-BOJ leaning toward keeping rates steady next week, sources say

Live Mint  

* BOJ in no rush to hike as yen's rebound moderates price pressure * Void of renewed yen plunge, BOJ prefers to gauge more data * Trump risk, wage uncertainty favour standing pat - for now * BOJ to meet Dec. 18-19, Fed decision due hours before BOJ's By Leika Kihara TOKYO, Dec 12 - The Bank of Japan is …

Energy costs push UK inflation to 2.3 percent
4 months ago

Energy costs push UK inflation to 2.3 percent

China Daily  

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

The shock rise in inflation spells bad news for mortgages
4 months, 1 week ago

The shock rise in inflation spells bad news for mortgages

The Independent  

A mere month after inflation undershot the Bank of England’s 2 per cent target, it’s back up again – in the sharpest spike in two years. The Consumer Prices Index jumped to 2.3 per cent in October, against 1.7 per cent the previous month, dealing a death blow to any hopes of a second straight interest rate cut in December. …

UK inflation hits six-month high of 2.3% on high energy bills; BoE stresses on gradual rate cuts
4 months, 1 week ago

UK inflation hits six-month high of 2.3% on high energy bills; BoE stresses on gradual rate cuts

Live Mint  

British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target and underlying price growth gathered speed too, showing why the BoE is moving cautiously on interest rate cuts. Consumer prices rose by an annual 2.3% in October, pushed up almost entirely by an increase in regulated domestic energy tariffs, after a …

What rising inflation means for you: HUGO DUNCAN on why it dashes hopes of a Christmas Bank of England rate cut
4 months, 1 week ago

What rising inflation means for you: HUGO DUNCAN on why it dashes hopes of a Christmas Bank of England rate cut

Daily Mail  

There will be no early Christmas present from the Bank of England. The jump in inflation announced today – from 1.7 per cent in September to 2.3 per cent in October – has dashed any lingering hopes of another interest rate cut this year. Inflation spiked to 2.3 per cent in October as fears grow over the impact of the …

Higher energy bills push UK inflation to 6-month high in October
4 months, 1 week ago

Higher energy bills push UK inflation to 6-month high in October

Associated Press  

LONDON — Inflation in the U.K. rose sharply to a six-month high in October and back above the rate targeted by rate-setters at the Bank of England, official figures showed Wednesday, cementing market expectations that there will be no further cuts in borrowing costs this year. The Office for National Statistics said higher domestic energy bills pushed up consumer price …

Fears Budget, Ukraine war and global trade tensions could spark fresh cost of living crisis after inflation spikes to 2.3% in October - more than expected and above BoE's target
4 months, 1 week ago

Fears Budget, Ukraine war and global trade tensions could spark fresh cost of living crisis after inflation spikes to 2.3% in October - more than expected and above BoE's target

Daily Mail  

Inflation spiked to 2.3 per cent in October as fears grow over the impact of the Budget, Ukraine war and global trade tensions. Inflation spiked to 2.3 per cent in October as fears grow over the impact of the Budget and global trade tensions The effects of the huge borrowing and spending splurge by Rachel Reeves have also yet to …

Fed up with high prices? Here's where things stand with inflation
4 months, 2 weeks ago

Fed up with high prices? Here's where things stand with inflation

NPR  

Fed up with high prices? Here's where things stand with inflation toggle caption Justin Sullivan/Getty Images By the numbers, inflation in America continues in the same direction: Easing largely — but still sticky. "We both make decent wages, but with the way that inflation has increased, it's like our dollar just doesn't go as far," says Spangler, who helps manage …

Column: American economists and consumers got inflation wrong during its recent surge. They still do
6 months ago

Column: American economists and consumers got inflation wrong during its recent surge. They still do

LA Times  

Sen. JD Vance tried to blame the $4 price of a dozen eggs on Kamala Harris in this campaign video. The “strong policy response” Powell referred to was the Fed’s raising of short-term interest rates 11 times, a total of 5.25 percentage points, from March 2022 through July 2023. In November 2021, however, Powell told Congress that it was “probably …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
6 months, 2 weeks ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates next week. Excluding volatile food and energy costs, …

Why the rise in inflation might actually be... good news
7 months, 1 week ago

Why the rise in inflation might actually be... good news

The Independent  

Inflation is up… and that’s, erm, good news. A small cut in the Bank rate from the current 5 per cent to, say, 4.75 per cent in September, October or November is slightly more likely now than it seemed yesterday. Prices overall on this definition rose by 3.3 per cent in the year to July 2024 – down from 3.5 …

Fears US economy headed towards recession spark jitters across global markets
7 months, 3 weeks ago

Fears US economy headed towards recession spark jitters across global markets

ABC  

There are genuine concerns the world's largest economy is heading toward a recession, and the fear is gripping global financial markets. "Shares went sky high into July on the back of better news on inflation, increasing optimism about lower interest rates ahead and optimism about IT and AI-related earnings," Mr Oliver, who manages $3 billion in investments, said. The US …

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation
8 months, 1 week ago

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation

ABC  

The message seems to have been lost in all the noise. The biggest risk is that higher American interest rates "disrupt capital flows and impede planned monetary policy easing, which could adversely impact growth". Even worse, "persistently high interest rates could raise borrowing costs further and affect financial stability if fiscal improvements do not offset higher real rates amid lower …

'Nasty upside surprise' on inflation raises interest rate pressure on the Reserve Bank
9 months ago

'Nasty upside surprise' on inflation raises interest rate pressure on the Reserve Bank

ABC  

In short: Headline inflation rose from 3.6 per cent in April to 4 per cent in May, which was higher than economists expected. The Australian Bureau of Statistics measure of consumer prices for May showed a rise in annual headline inflation from 3.6 back to 4 per cent. AMP economists Shane Oliver and My Bui noted that market pricing put …

US inflation cooled in May in a sign that price pressures may be easing
9 months, 2 weeks ago

US inflation cooled in May in a sign that price pressures may be easing

Associated Press  

WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. Consumer prices excluding volatile food and energy costs — the closely watched “core” index — rose 0.2% from April to May, the government said Wednesday. Fed officials, who will …

Inflation eases in May, but major relief on interest rates not coming soon
9 months, 2 weeks ago

Inflation eases in May, but major relief on interest rates not coming soon

LA Times  

Federal Reserve Chair Jerome H. Powell and his colleagues at the central bank have kept interest rates at a more than 20-year high to fight inflation. The Federal Reserve has raised interest rates to the highest level in more than two decades to fight inflation, and on Wednesday policymakers said the fight wasn’t over. “But we don’t see ourselves as …

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
9 months, 3 weeks ago

An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year

Associated Press  

WASHINGTON — A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Overall inflation increased 0.3% from March to April, the same as in the previous month, and 2.7% from a year earlier, also unchanged from March’s figure. Friday’s …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
9 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA
9 months, 3 weeks ago

Inflation rises slightly in April to 3.6pc but economists say that should ring 'alarm bells' for RBA

ABC  

In short: The annual rate of inflation ticked up to 3.6 per cent in April, from 3.5 per cent in March. According to the Australian Bureau of Statistics, an underlying measure of inflation — called "trimmed mean" inflation — also picked up again in April, from 4 per cent to 4.1 per cent. "It does not appear that the RBA …

U.S. Inflation Eased Last Month In The First Slowdown Of 2024
10 months, 1 week ago

U.S. Inflation Eased Last Month In The First Slowdown Of 2024

Huff Post  

LOADING ERROR LOADING WASHINGTON — Consumer inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% target level before …

US inflation eased last month in the first slowdown of 2024
10 months, 1 week ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

Fed's Powell downplays potential for a rate hike despite higher price pressures
10 months, 1 week ago

Fed's Powell downplays potential for a rate hike despite higher price pressures

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Federal Reserve Chair Jerome Powell …

US consumer sentiment falls slightly as outlook for inflation worsens
11 months, 2 weeks ago

US consumer sentiment falls slightly as outlook for inflation worsens

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Consumer sentiment about the U.S. …

Federal Reserve minutes: Some officials highlighted worsening inflation last month
11 months, 2 weeks ago

Federal Reserve minutes: Some officials highlighted worsening inflation last month

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Some Federal Reserve policymakers argued …

What do rising gas prices mean for the future of US inflation? Here's what experts have to say
1 year ago

What do rising gas prices mean for the future of US inflation? Here's what experts have to say

Hindustan Times  

A stubborn increase in gasoline prices would most likely have augmented inflation in the US to this level in February and even more so, which would favour the Fed's deliberation over adjusting the interest rate downwards. A 4% surge in February affects US inflation outlook The Fed members’ tune started changing for the better in January, when the publication of …

US inflation slows but remains elevated in sign that price pressures are easing only gradually
1 year, 1 month ago

US inflation slows but remains elevated in sign that price pressures are easing only gradually

Associated Press  

WASHINGTON — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. At his most recent news conference, Fed Chair Jerome Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
1 year, 1 month ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

Wall Street Hits Record High Following A 2-Year Round Trip Scarred By Inflation
1 year, 2 months ago

Wall Street Hits Record High Following A 2-Year Round Trip Scarred By Inflation

Huff Post  

NEW YORK, NEW YORK - JANUARY 19: Traders work on the floor of the New York Stock Exchange on January 19, 2024 in New York City. Spencer Platt via Getty Images NEW YORK — Wall Street returned to record heights Friday to cap a punishing, two-year round trip dogged by high inflation and worries about a recession that seemed inevitable …

UK inflation falls by more than anticipated to 2-year low of 3.9% in November
1 year, 3 months ago

UK inflation falls by more than anticipated to 2-year low of 3.9% in November

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the U.K. as …

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
1 year, 3 months ago

Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession

Huff Post  

In this photo made with a slow shutter speed, Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington. “I think it’s really good to see the progress that we’re making,” Chair Jerome Powell said at a news conference Wednesday after the Fed's …

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession
1 year, 3 months ago

The Federal Reserve could do what was thought impossible: Defeat inflation without a steep recession

Associated Press  

WASHINGTON — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Confidence is growing among Federal Reserve officials and many economists that high interest rates and healed supply chains will soon defeat inflation. With inflation cooling, Powell said the 19 officials on the Fed’s policy …

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool
1 year, 3 months ago

Federal Reserve’s preferred inflation gauge shows price pressures continuing to cool

Associated Press  

WASHINGTON — The Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth. Under the hood, there is a slowing that suggests they’re making progress.” In the past six months, core inflation has risen at just a 2.5% annual rate, not far above …

Don't get your hopes up! Bank of England chief warns markets are getting carried away with predictions of early interest rate cuts as he says inflation is still a threat - with Chancellor poised to cu
1 year, 4 months ago

Don't get your hopes up! Bank of England chief warns markets are getting carried away with predictions of early interest rate cuts as he says inflation is still a threat - with Chancellor poised to cu

Daily Mail  

The Bank of England governor tried to cool hopes of imminent interest rate cuts today as he warned inflation is still a major threat. On the eve of Jeremy Hunt's crucial Autumn Statement, Andrew Bailey said markets were putting 'too much weight' on recent dip in the headline CPI rate. Mr Bailey suggested the 'potential persistence' of inflation was being …

AMP predicts an interest rate hike after cost of living went up in shock inflation update for Australians
1 year, 6 months ago

AMP predicts an interest rate hike after cost of living went up in shock inflation update for Australians

Daily Mail  

Australian home borrowers are now being warned to expect another rate rise by Christmas - as inflation spikes by 5.2 per cent in an ominous sign the cost of living crisis is far from over. The official monthly reading for August showed the consumer price index edging up from July's 4.9 per cent level, with petrol prices alone last month …

Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes
1 year, 7 months ago

Federal Reserve minutes: Too-high inflation, still a threat, could require more rate hikes

Associated Press  

WASHINGTON — Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting released Wednesday. At the same time, the officials saw “a number of tentative signs that inflation pressures could be abating.” It was a mixed view that echoed Chair …

What rising inflation means for you: CPI increases to a six-month high - what happens next?
1 year, 7 months ago

What rising inflation means for you: CPI increases to a six-month high - what happens next?

Daily Mail  

Inflation has risen higher than the national target, meaning consumers pay more Inflation rose above the Bank of England's 2 per cent target in October, reaching a six-month high. The bigger-than-expected rise in the headline inflation rate to 2.3 per cent coincided with another increase in core inflation, which has continued to run hot. Julian Jessop, economics fellow at the …

Inflation ticks up modestly to 3.2% but core products continue to cool - sparking speculation the Fed could pause relentless interest rate hikes in September
1 year, 7 months ago

Inflation ticks up modestly to 3.2% but core products continue to cool - sparking speculation the Fed could pause relentless interest rate hikes in September

Daily Mail  

Inflation in the US has ticked up to a 3.2 percent annual rate - rising slightly in July from June's 3 percent annual increase. Inflation in the US has ticked up to a 3.2 percent annual rate - rising slightly in July from June's 3 percent annual increase The 3.2 percent annual inflation rate is a sharp decrease from the …

Here's where inflation stands today — and why it's raising hope about the economy
1 year, 7 months ago

Here's where inflation stands today — and why it's raising hope about the economy

NPR  

Here's where inflation stands today — and why it's raising hope about the economy Enlarge this image toggle caption Brandon Bell/Getty Images Brandon Bell/Getty Images Inflation got a little higher last month — but not enough to set off alarms. Stocks rallied on the news, which bolstered hopes for a "soft landing," in which the Federal Reserve brings inflation under …

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years
1 year, 7 months ago

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years

LA Times  

Shoppers peruse a display of Rainer cherries at a Costco warehouse July 11 in Sheridan, Colo. On Friday, the Commerce Department issues its June report on consumer spending. Prices rose just 3% in June from 12 months earlier, down from a 3.8% annual increase in May, though still above the Fed’s 2% inflation target. Friday’s report from the Commerce Department …

Fears grow over more interest rate rises ahead of inflation data
1 year, 8 months ago

Fears grow over more interest rate rises ahead of inflation data

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Experts believe the Bank of England will need to …

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