Pound sterling slumps after US inflation beats expectations Markets Figures from the Bureau of Labor Statistics showed that US inflation came in at 3.0 per cent in January, up from 2.9 per cent and ahead of economists' expectations.
US economy grows less than expected but households remain resilient Economics Figures from the Bureau of Economic Analysis (BEA) showed that the world's largest economy grew at an annualised rate of 2.3 per cent in the final three months of the 2024.
Fed holds interest rates despite pressure from Donald Trump Economics The pause comes after three consecutive interest rate cuts and means the federal funds rate stands in a range of 4.25-4.5 per cent.
US inflation rises slightly but core prices weaker than expected January 15, 2025 US inflation rose at a slightly weaker pace than expected last month, but it is unlikely to be enough to prompt the Federal Reserve into cutting interest rates in the near future. The latest figures from the Bureau of Labor Statistics showed that the headline rate picked up to 2.9 per cent in December, up [...]
Gilt yields stable ahead of crucial UK inflation data January 14, 2025 The yield on the 10-year gilt crept lower on Tuesday afternoon, leaving it on track to break six days of consecutive rises.
US inflation ticks up as market holds breath for Fed cut December 11, 2024 US inflation ticked up to 2.7 per cent in November, a rise from 2.6 per cent in October and matching analyst expectations. This was the highest level of inflation that the US has experienced since July, after dipping to as low as 2.4 per cent throughout September. Inflation has not been below its 2 per [...]
Fed cuts rates by 25 basis points just days after Donald Trump’s victory November 7, 2024 The decision, the second in the cutting cycle, was widely anticipated by markets and means the federal funds rate stands in a range of 4.50-4.75 per cent.
US inflation comes in above expectations following hot jobs report October 10, 2024 US inflation came in slightly above expectations in September, bolstering the case for a slower pace of rate cuts over the coming months. Figures from the Bureau of Labor Statistics showed that the headline rate of inflation fell to 2.4 per cent in September, down from 2.5 per cent last month but slightly ahead of [...]
US inflation to take centre stage after bumper jobs report October 6, 2024 Economists expect the headline rate to fall to 2.3 per cent from 2.5 per cent, which would leave inflation at its lowest level since February 2021.
Fed lowers interest rates by 50 basis points in first cut since 2020 September 18, 2024 Today's rate decision was the most uncertain in years, with investors torn in the run-up to the decision about whether the Fed would cut rates by 25 or 50 basis points.