Economics Financial News

24.11 / 17:14

economics Bank of England UK jp morgan Treasury Jeremy Hunt disbands Economic Advisory Council after a year

JPMAM's Karen Ward, who was a founding member of the Economic Advisory Council

23.11 / 13:53

business economy economics Opinion Central Bank South America Milei vowed to close Argentina’s central bank — But will he do it?

The image of a presidential candidate destroying a model of the central bank with a sledgehammer will not leave Argentines' memories for a long time. But once President-elect Javier Milei is seated on the throne on Dec. 10, will he still have the courage to follow a winding and risky path?

22.11 / 16:29

economics UK Autumn Statement 23 Autumn Statement 23: Jeremy Hunt cuts NI for 27 million people

The new measure will be implemented from 6 January 'so people can see the benefits in their payslips from the start of the New Year'.

22.11 / 15:31

economics inflation UK Macroeconomics GDP OBR Autumn Statement 23 Autumn Statement 23: GDP forecasts 'slashed' as inflation expectations climb

Inflation is expected to average 4.8% in the final quarter of this year, 1.9 percentage points higher than in the March forecast.

22.11 / 14:07

economics UK Unit trusts/OEICs Platforms ISA Autumn Statement 23: LTAFs to be included in ISAs amid sweeping regime overhaul

LTAFs will be «brought into the scope of Innovative Finance ISAs from April 2024», according to the Autumn Statement

22.11 / 14:07

economics UK Chancellor Jeremy Hunt OBR Autumn Statement 23: UK growth forecasts face significant downgrade

The OBR forecast saw an decline from its March numbers. Copyright HM Treasury

22.11 / 12:51

Europe economics Interest rates ECB European Central Bank Global ECB warns high rates are pushing economy towards fragility

Luis de Guindos, vice president of the ECB, said: 'While risks to financial stability may appear less acute, they remain elevated.'

22.11 / 08:39

economics Federal Reserve inflation US Interest rates Fed Macroeconomics Federal Reserve consensus set on keeping rates higher for longer

At the start of this month, the central bank held interest rates for the second successive meeting, seemingly bringing an end to the hiking cycle.

21.11 / 14:57

economics inflation Bank of England UK BoE's Bailey: Markets underestimating risk of higher-for-longer inflation

Andrew Bailey (pictured), governor of the Bank of England

21.11 / 11:21

economics inflation UK Interest rates UK inflation rate hikes Bank of England's Andrew Bailey: 'It is far too early to be thinking about rate cuts'

'Returning inflation to the 2% target remains our absolute priority.' credit: Bank of England

21.11 / 11:21

economics Tax UK Chancellor Jeremy Hunt Tax receipts tick up as chancellor pledges to 'boost business investment'

Central government's receipts were £76.9bn last month, according to the Office for National Statistics, £2.5bn more than in October 2022 and £1.5bn more than the £75.4bn forecast by the OBR in March 2023.

15.11 / 08:33

economics Federal Reserve inflation Interest rates Bank of America bonds global economy Global investor worries about inflation and central banks are 'rapidly diminishing'

The conviction that the Federal Reserve has reached the peak of its hiking cycle is now the strongest since investors began providing their view on the timing.

15.11 / 08:33

economics Climate change inflation Bank of England UK MPC BoE's Mann: Climate change inflation is a 'concern' for all central bankers

Catherine Mann (pictured) said it was important to recognise 'there is no no climate change scenario to fall back on' when it comes to monetary policy.

15.11 / 08:33

economics inflation Bank of England UK Macroeconomics BoE's Huw Pill hints at further rate hikes if inflation remains 'stubbornly high' - reports

Huw Pill (pictured), chief economist at the Bank of England

15.11 / 08:33

economics inflation Bank of England UK Macroeconomics Office for National Statistics UK inflation falls to 4.6% in October

Core inflation, which excludes energy, food, alcohol and tobacco, rose by 5.7%, down from 6.1% in September and its peak of 7.1% in May.

14.11 / 14:39

economics Federal Reserve inflation US Fed US inflation Markets begin pricing summer rate cuts as US inflation eases to 3.2% in October

Following the release of the inflation figures, markets solidified their belief the Fed had finished its hiking cycle.

14.11 / 08:59

economics inflation Bank of England UK Interest rates UK wage growth slows but figures still among highest on record

In its analysis of the data ING Group said the UK is on the right path to see interest rates fall from next summer.

13.11 / 17:45

markets business Investments economy economics Opinion History tells us we’re in for a strong bull market with a hard landing

While the United States Federal Reserve decided to hold interest rates at its November meeting, they remain at their highest level since well before the global financial crisis (GFC) of 2008-09. The Federal Funds rate stands at 5.25-5.5%, similar to the United Kingdom’s 5.25%, while in the European Union it is at a record high of 4%.

13.11 / 09:33

economics US Moody's Us Treasury government debt Moody's downgrades US government debt outlook to negative

A government shutdown remains a strong possibility for the US, Moody’s noted, as the deadline for funding to keep the government open is set to expire on 17 November.

10.11 / 13:47

economics Morningstar UK Macroeconomics Office for National Statistics Wealth Club UK dodges recession with surprise 0.2% September growth

September’s growth was driven by a 0.2% expansion in services output, largely from professional, scientific and technical activities, as well as human health and social work activities.

10.11 / 13:47

economics Bank of England UK bonds Global Bank of England begins bond market stress test

The SWES will model a ten-day scenario, with the first day witnessing yields on 10-year gilts increasing by about 45 basis points, exceeding the largest historical observations.

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