Bank of America forecasts no rate cuts for UK until 2025 due to ‘entrenched inflation’
Bank of America has predicted the Bank of England will not be able to cut…
Browsing: Markets
US consumer confidence wanes with prices still high and signs of a cooling job market
Americans are feeling less confident financially as summer comes to a close and high prices…
Eurozone inflation slows and other economics stories to read this week
1. Eurozone inflation slows further The latest data from Eurostat has shown that Eurozone inflation…
Biden defends Inflation Reduction Act, dares critics to name a failure in anniversary speech
President Biden defends achievements and challenges critics during one-year anniversary speech for Inflation Reduction Act,…
Retail sales rose solidly last month in a sign that consumers are still spending freely
Americans increased their purchases at retailers last month – for clothing, dining out, online goods…
US inflation has steadily cooled. Getting it down to the Fed’s target rate will be the toughest mile
Over the past year, inflation in the United States has tumbled from 9% all the…
Americans continue to feel better about inflation and the economy
Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior…
US Fed should watch inflation. It could follow current economic upswing with a lag
Moderating core inflation shouldn’t, on its own, be enough to give Fed officials confidence that…
Federal Reserve interest rate hike – what happens next?
Mortgage rates expected to go on a downward slide Another month, another rate hike by…
A year out from peak inflation, travel and leisure (mostly) cost less
Consumers have largely had their fill of “revenge spending” on big vacations and dining out,…