FTSE 100 Live: UK inflation holds at 3.8 per cent, Barclays share buyback Markets Good morning from the City AM liveblog team. The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also [...]
Hot US inflation figures ‘pretty much kill’ hopes of a June interest rate cut US economy The figures come amid a growing debate about the timing of the Fed's first interest rate cuts. Markets have steadily pushed back the timing of the first cut, reflecting stubborn inflation.