Why markets still think the Fed will cut interest rates in June despite US inflation overshoot March 12, 2024 Looking longer term, there has been little progress on inflation since last summer, when inflation dropped to three per cent. Inflation has remained roughly stable since then.
UK economy nearly a third smaller thanks to ‘catastrophically bad’ productivity slowdown March 12, 2024 Since the financial crisis, productivity growth in the UK has slowed significantly from its pre-2008 trend and has fallen behind international peers.
US inflation comes in ahead of expectations again as markets grow nervy about Fed rate cuts March 12, 2024 According to figures from the Bureau of Labor Statistics, prices rose 0.4 per cent in February, higher than the 0.3 per cent expected by economists.
Bank of England’s fears of a tight labour market will remain despite growing slack March 12, 2024 Although almost every measure suggested a softer labour market than expected, the downside surprises were small and show a labour market that is still tight in historical terms.
Wage growth slows faster than expected and unemployment picks up slightly March 12, 2024 Developments in the labour market are crucial for assessing whether inflation is under control, enabling the Bank to ease the cost of borrowing.
FTSE 100 today: London markets set for cautious open as U.S. inflation data looms large March 12, 2024 Asian stocks surged, and Oracle's shares soared over 14%. Bitcoin also broke records, surpassing $72,000. Market focus now shifts to forthcoming UK employment data and US inflation figures for key insights into economic trends.
Pound Sterling makes strong start to 2024 as UK recovery from recession to continue March 11, 2024 Paul Robson, head of G10 FX strategy at Natwest, also drew attention to the UK's increasingly supportive political background.
Vinyl records and air fryers enter ‘inflation basket’ – but Guinness is on the way out March 11, 2024 "The only problem is when you're grooving too hard to the excellent sound quality that your jiving makes the records go wonky," the person continued sheepishly.
London Stock Exchange to list crypto derivatives for institutional investors March 11, 2024 The London Stock Exchange has said it will be accepting applications for crypto exchange-traded notes (ETNs), after the Financial Conduct Authority lifted its ban on the instruments for institutional investors. ETNs are similar to exchange-traded funds (ETFs), but they rely on unsecured debt securities issued by a bank, meaning that they do not directly hold [...]
UK set for recession rebound as growth returns, GDP figures expected to show March 11, 2024 Rob Wood, chief UK economist at Pantheon Macroeconomics, said last year's minor recession was "already disappearing in the rear-view mirror".
