Economics Financial News

09.11 / 17:11

economics inflation UK Interest rates MPC BoE's Huw Pill: Economic slowdown will require softer monetary policy - reports

Huw Pill (pictured), said that 'sustaining rates at their current restrictive level will continue to bear down on inflation'. Credit: Bank of England

08.11 / 16:23

economics Bank of England UK Andrew Bailey warns of risks to world economy posed by 'fragmentation'

Andrew Bailey (pictured), said that within financial services, fragmentation damages financial markets by reducing its size and making them 'inherently less stable'.

03.11 / 14:45

economics Federal Reserve US Macroeconomics Evelyn Partners US economy 'finally showing signs of cracks' with lacklustre October jobs numbers

The unemployment rate ticked up from 3.8% in September to 3.9%, up by 0.5 percentage points from its low point in April.

03.11 / 08:55

economics UK MPC Macroeconomics Monetary Policy Committee AJ Bell UK enters 'new phase of suspended animation' after Bank of England holds rates

Inflation is now projected to return to 2% at the end of 2025, compared to Q2 2025 as expected at the MPC’s previous September meeting.

02.11 / 12:53

economics inflation Bank of England UK Interest rates Macroeconomics Monetary Policy Committee Bank of England meets expectations by holding rates at 5.25%

The central bank's move to hold had been widely expected by markets.

02.11 / 10:57

economics Federal Reserve inflation Bank of England US Interest rates Jerome Powell All eyes on the BoE as Federal Reserve holds rates at 22-year high

The Fed's rate-setting committee said The committee said leaving rates unchanged would give the central bank to continue to assess additional information and its implications for monetary policy.

01.11 / 11:37

economics Federal Reserve Bank of England UK US Interest rates week end Federal Reserve and BoE expected to end hiking cycle this week despite persistent inflation

Andy Burgess, fixed income investment specialist at Insight Investment, explained that further rate hikes were looking 'increasingly unlikely'.

31.10 / 11:35

economics European Union inflation European Central Bank GDP Euro area inflation falls to lowest level in two years as GDP shrinks

The economy of the euro zone shrank by 0.1% in the third quarter, as per initial calculations, falling short of the expected consensus that the GDP would remain stable compared to the previous quarter.

31.10 / 09:41

economics UK Jobs IG Group Costs Brooks Macdonald and IG Group scale back staff to cut costs

Brooks MacDonald said its job cuts are expected to result in an annualised staff cost reduction of around £4m.

26.10 / 14:01

economics US Macroeconomics Global Neil Birrell Premier Miton Investors Q3 US GDP beats expectations at 4.9% in Q3

The jump from 2.1% last quarter has left the US economy ‘flying high’, according to Neil Birrell, CIO of Premier Miton Investors.

26.10 / 14:01

economics inflation Interest rates ECB Macroeconomics Global ECB meets expectations as rates held at 4%

The ECB is widely viewed to have ended its hiking cycle.

24.10 / 11:07

economics inflation Bank of England UK Interest rates MPC 2024 Economists forecast BoE to hold rates at 5.25% through to spring 2024

Most economists in the survey said they did not expect the Bank to cut rates until at least July next year.

24.10 / 08:35

economics Bank of England UK Interest rates ONS Unemployment Rate job vacancies 'Experimental' UK unemployment rate ticks up slightly as hiring slows

Vacancies are continuing to fall as firms put hiring on hold.

20.10 / 07:39

economics UK Interest rates Cost of Living UK inflation Office for National Statistics UK retail sales fall UK retail sales fall more than expected as consumer confidence drops

Non-food stores sales volumes fell by 1.9% last month, which retailers attributed to continuing cost of living pressures.

18.10 / 14:43

markets economics UK Bank of America Cash Recession Global investors remain set on Goldilocks soft landing despite bearish stance

One out of four investors expect that there will be no recession in the next 18 months, but the share of those expecting a recession in the first half of 2024 is rising.

18.10 / 10:05

economics inflation Bank of England UK Macroeconomics UK inflation Office for National Statistics UK inflation remains steady at 6.7% in September

The largest downward contributor to inflation was a drop in prices in food and beverages, which fell for the first time since September 2021

17.10 / 08:13

economics inflation Bank of England UK CPI Office for National Statistics job vacancies fall UK wage growth eases at 7.8% as job vacancies fall

In real terms, adjusted for inflation using the Consumer Prices Index (CPI) and including housing costs, total pay rose year-on-year between June and August by 1.3%.

16.10 / 08:07

economics inflation Bank of England UK Interest rates International Monetary Fund BoE's Andrew Bailey: 'There is an awful lot still to do' to bring inflation down to 2% - reports

Andrew Bailey (pictured) said the 'last mile' in the fight against inflation will be the toughest yet.

12.10 / 15:41

economics Federal Reserve inflation US Fed US inflation Global US inflation remains steady at 3.7% in September

Industry commentators have said the Federal Reserve's job is not done yet, given the stubbornly high inflation rate.

12.10 / 13:27

economics UK GDP Office for National Statistics UK economy UK economy bounces back in August as GDP ticks up 0.2%

In the three months to August, GDP increased by 0.3% when compared with the three months to May 2023, with growth in all sectors.

11.10 / 14:02

economics Bank of England UK kpmg Jobs Low Pay growth eases as UK starting salary inflation drops to two-and-a-half-year low

According to the report, companies remained hesitant to commit to new permanent hires due to ongoing economic uncertainty and efforts to control costs.

Economics Financial News

popular questions about economics

What is economics and why is it important?

Where can I find the latest updates on economics?

How can I verify the accuracy of information on economics?