Economics Financial News

27.07 / 14:35

economics US Fed GDP Global 'Remarkably robust' US economy grows 2.4%

'As long as the labour market remains tight and inflation remains above the central bank’s 2% target, we can expect to see further rate increases in coming months.'

27.07 / 14:35

Europe economics inflation Interest rates ECB European Central Bank record high ECB hikes rates to match record high as inflation set to remain 'too high for too long'

Eurozone inflation sat at 5.5% in June, down from 6.1% the month before but still substantially above the ECB’s target of 2%.

26.07 / 12:21

economics UK IMF Global UK outlook upgraded by IMF but remains second slowest G7 economy

The IMF said the improvement was a result of 'stronger-than-expected consumption and investment from the confidence effects of falling energy prices'.

26.07 / 07:59

markets economics inflation Bank of England UK Interest rates bonds Treasury faces £150bn bill over BoE QE losses

The bonds were bought as part of the bank’s financial stability mandate to reduce the danger of «fire-sale» dynamics.

25.07 / 08:41

economics UK Recession recession worries Weakest rise in UK private sector output for six months 'reignites recession worries'

The degree of positive sentiment regarding growth prospects among businesses for the year ahead is now the weakest since December 2022.

20.07 / 21:41

economics Bank of England MPC Monetary Policy Committee Bank of England's Ramsden reflects on QT and suggests when more may be needed

Sir Dave Ramsden, deputy governor for markets & banking at the Bank of England. Image: Bank of England

20.07 / 10:53

economy economics Federal Reserve Bank of America Recession Commodities Global fund managers remain bearish despite bets on a soft landing

Long Big Tech was the most crowded trade in July (59%).

19.07 / 20:19

business Blockchain economy economics Science FinTech Quantum Computing Scientists warn the ‘quantum revolution’ may stagnate economic growth

Quantum computing technologies are slowly beginning to trickle out of the laboratory setting and into commercial industries. While it remains to be seen when mainstream adoption will occur, a number of companies are currently engaged in experiments and trials with paying clients to develop quantum computing solutions.

19.07 / 10:33

economics inflation Bank of England UK Interest rates CPI Inflation comes in under expectations at 7.9% but UK remains 'drastic outlier'

'We would not push back against market pricing of a 6% terminal Bank Rate and think rate cuts are unlikely until late 2024.'

18.07 / 10:51

economics Aldi Food UK Drop UK grocery price inflation sees biggest drop since March 2023 peak

'It is clear that shoppers have dramatically changed their behaviour to combat inflation,' said Fraser McKevitt, head of retail and consumer insight at market researcher Kantar

14.07 / 12:29

Europe economics Bank of England UK Bank of America BofA: Europe to dodge recession as UK fate looks glum

“If you want to worry about wages, worry about the UK,” the bank said.

13.07 / 14:17

economics UK Recession COVID National Debt OBR OBR warns of 'significant' risks to public finances

The OBR has warned that the UK’s national debt could hit 300% of GDP by the 2070s.

13.07 / 07:49

economics UK GDP ONS UK GDP dips 0.1% in May

'This weakness in May should be understood as a one-off, and a reversal can be expected in next month’s data.'

12.07 / 13:43

economics Federal Reserve inflation US Interest rates Fed Global US inflation falls below expectations to 3% in June

The US Federal Reserve

11.07 / 08:05

economics inflation UK end NOT UK wage growth hits 7.3%: 'We have not reached the end of the hiking cycle'

However, all of the metrics remain below inflation, which failed to fall last month and remains stuck at a CPI rate of 8.7%.

11.07 / 08:05

economics inflation Bank of England UK Mansion House Andrew Bailey and Jeremy Hunt vow to bring inflation down

Chancellor Jeremy Hunt

10.07 / 07:39

economics inflation UK industry Pensions Chancellor unveils 'golden rules' for long-term sustainable growth

Chancellor Jeremy Hunt Credit: UK Parliament

05.07 / 16:43

economics inflation Bank of England UK Monetary Policy Committee Bank of England accused of ignoring inflationary 'red flags'

There were second rounds effect the Bank of England 'has chosen not to acknowledge quite early on'.

05.07 / 07:47

economics inflation UK Interest rates Sunak UK sits as outlier on inflation as Sunak admits it is 'more persistent' than expected

Prime Minister Rishi Sunak

23.06 / 09:23

Adoption economy economics financial literacy BRICS BRICS: History, objectives and an overview of the global alliance

BRICS is an acronym that represents an alliance of five major emerging economies: Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the phrase in 2001 to emphasize the combined potential of these countries in the global economy.

12.06 / 19:27

Adoption economy economics inflation Hyperinflation National Debt The first-world debt crisis means you can expect more pain ahead

The huge volume of sovereign debt in developed countries (particularly the United States) is often exploited to promote questionable theories about imminent financial collapse.

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