Economics Financial News

18.12 / 15:49

economics Bank of England UK Interest rates European Central Bank Unemployment BoE's Broadbent: More 'protracted and clearer' decline in inflation needed to confirm downward trend

He said a lot of economic metrics – such as GDP, employment and wages – may not be 'perfectly measured', which is why often the relevant information comes with a delay leading to revisions to several data sets.

16.12 / 15:18

economics inflation UK Interest rates UK consumer confidence UK consumer confidence hits three-month high but remains negative

The results come against the backdrop of flatlining economic growth, interest rates at a 15-year high and inflation above 4% in October.

16.12 / 15:16

economics Federal Reserve Bank of England Interest rates IMF European Central Bank IMF chief warns central banks against 'premature' interest rate cuts - reports

Kristalina Georgieva (pictured) is managing director of the IMF.

14.12 / 14:43

economics inflation Bank of England UK Interest rates monetary policy Monetary Policy Committee Bank of England meets expectations as rates held at 5.25%

The central bank's Monetary Policy Committee voted to hold interest rates at 5.25%.

14.12 / 14:42

economics Federal Reserve inflation US Interest rates Jerome Powell 2024 Federal Reserve sparks market rally as it signals rate cuts in 2024

Jerome Powell (pictured), chair of the US Federal Reserve

14.12 / 14:42

Europe economics inflation Interest rates ECB European Central Bank monetary policy European Central Bank holds interest rates steady at 4%

The ECB’s pause follows the decisions of the US Federal Reserve and Bank of England to also hold rates steady as inflation eases.

12.12 / 15:19

economics Federal Reserve inflation US Interest rates US inflation Global US inflation falls to 3.1% in November

Shelter costs continued to be the largest contributor to core inflation throughout the month, as prices increased 0.4% in November.

12.12 / 10:03

markets economics UK US Trade Cold War IMF official: World economy at risk of 'Cold War two'

The IMF's Gopinath added the economic costs of Cold War II 'could be large' because the world is now even more integrated.

12.12 / 10:03

economics inflation Bank of England UK Interest rates Unemployment UK wage growth slows as unemployment remains steady

The data comes in advance of the Bank of England's meeting to set interest rates later this week.

11.12 / 15:47

markets economics inflation Bank of England UK Interest rates GDP CBI forecasts no Bank of England rate cuts until at least 2026

The CBI predicted that GDP growth for the UK would average 0.6% this year, before growing 0.8% in 2024 and 1.6% in 2025.

11.12 / 11:23

markets economics inflation Bank of England UK Interest rates GDP NOT CBI forecasts interest rates will not be cut until at least 2026

The CBI predicted that GDP growth for the UK would average 0.6% this year, before growing 0.8% in 2024 and 1.6% in 2025.

08.12 / 15:59

economics Federal Reserve Global US economy Unemployment US economy beats expectations with 199,000 jobs added in November

'While job growth is falling compared to last year, it is holding up remarkably well in the face of a tough economic picture and slowing growth globally.'

06.12 / 15:55

economics Bank of England Interest rates hedge funds Alternatives private credit vulnerability Bank of England warns of private credit vulnerability in higher rates environment

The Bank of England said private credit and leveraged lending markets have roughly doubled in size in the last decade.

06.12 / 09:21

economics Global US economy job vacancies Low US job vacancies drop to two-year low in October

The sectors with the biggest falls in vacancies in October were healthcare and social assistance (236,000); finance and insurance (168,000) and real estate and rental leasing (49,000).

06.12 / 06:01

markets economics Cash Fidelity International Partner Insight: The dash for cash

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01.12 / 14:01

economics Federal Reserve inflation Bank of England European Central Bank Jerome Powell Deep Dive: Did central banks get it right in 2023?

While markets have begun pricing in rate cuts from key central banks in 2024, it is 'clear that higher interest rates are here to stay'.

01.12 / 13:23

economics inflation Bank of England Interest rates MPC monetary policy Unemployment BoE's Greene: Monetary policy will need to be restrictive 'for an extended period'

Megan Greene (pictured) was part of a minority group of three members who voted to increase interest rates to 5.5% during the recent MPC meeting.

30.11 / 17:11

economics inflation Global Eurozone Eurozone inflation drops to 2.4%

Daniele Antonucci, CIO at Quintet Private Bank, said he expects the ECB will hold rates during the first few months of 2024, before lowering them to 'stimulate growth around mid-year'.

29.11 / 16:35

economics Federal Reserve US Quilter Investors US revises strong Q3 GDP numbers upwards to 5.2%

Following the upwards revision today (29 November), market odds for a Federal Reserve rate cut as soon as its March meeting spiked, rising from 34.6% yesterday to 44.5%.

29.11 / 12:20

economics inflation Bank of England UK Interest rates MPC Monetary Policy Committee NOT BoE's Haskel: Rate cuts will not happen 'anytime soon'

The Bank of England's Jonathan Haskel (pictured). Credit: World Economic Forum/Jakob Polacsek

28.11 / 19:55

economics UK Budget Treasury Select Committee OBR OBR warns fiscal rules 'never require the chancellor to get debt falling'

Debt would have been £85bn in five years’ time if the chancellor had not taken any action at the Autumn Statement, OBR chair Richard Hughes said.

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