FTSE 100 climbs into the green on the back of weaker pound January 2, 2025 The shaky start comes amid widespread uncertainty about the path for the global economy in the new year.
Bank of England may be forced to prioritise growth in 2025 December 19, 2024 Despite inflation continuing to be a headache for the Bank of England, leading it to hold interest rates today, the central bank may end up being forced to make more cuts than it would like in 2025 to salvage the UK economy. While today’s decision from Andrew Bailey’s Monetary Policy Committee to hold rates had [...]
US markets tumble as Fed signals fewer interest rate cuts in 2025 December 19, 2024 US markets plunged last night after the Federal Reserve signalled that it would take a more cautious path to interest rate cuts next year. Following the Fed’s announcement, the Dow Jones fell 2.6 per cent, the S&P 500 fell three per cent, and the Nasdaq fell 3.6 per cent. This was the biggest decline in [...]
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 [...]
US likely to fall into recession under Trump, top economist warns December 9, 2024 The US is likely to fall into recession during Donald Trump’s second term if he makes good on his campaign promises, a leading economist has predicted. Paul Mortimer-Lee, a research fellow at the National Institute of Economic and Social Research (NIESR), said growth in the world’s largest economy could slump if the president-elect follows through [...]
Fed gets ‘green light’ for another interest rate cut following jobs report December 6, 2024 The latest jobs report showed that the world's largest economy added 227,000 jobs last month, slightly ahead of the 200,000 expected by economists.
In defence of Band Aid (kind of) November 26, 2024 Arguments about whether Band Aid is patronising are as old as the song itself, but they map oddly onto contemporary political divides, says Will Cooling If the Americans have film bros arguing over whether Die Hard is a Christmas movie, then we Brits have debating the merits of Band Aid as an alternative festive pastime. [...]
Bank of England’s Lombardelli supports ‘gradual’ interest rate cuts November 25, 2024 In her first speech as one of the Bank's deputy governors, Lombardelli said she supported a "gradual removal" of monetary policy restriction.
Trump taps Scott Bessent for Treasury, capping long drama over choice November 23, 2024 President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Wall Street has been closely watching who Trump would choose, especially given his plans to [...]
MPs flag ‘major concerns’ over errors in labour survey November 21, 2024 An influential group of MPs has taken aim at the UK’s national numbers body today amid fears that errors in its labour survey are hamstringing “accurate” economic policy making. The chair of the Treasury Select Committee, Meg Hillier – a Labour MP – wrote to the boss of the UK Statistics Authority, Professor Sir Ian [...]