Bank of England wrestles with stubborn inflation as U.S. eyes rate hikes

Bank of England wrestles with stubborn inflation as U.S. eyes rate hikes
фото показано с : cryptoslate.com

2023-10-18 12:00

Quick Take

Recent data reveals a significant development in global financial markets as inflation rates in the United Kingdom have exceeded consensus predictions. Notably, the headline inflation year-over-year for September stood at 6.7%, marginally surpassing the consensus of 6.6%, while the year-over-year core inflation landed at 6.1%, against the predicted 6%.

U.K. inflation data: (Source: Trading Economics)

These figures underscore the persisting challenge the Bank of England faced in its quest to stabilize the economic climate, especially given the sustained core inflation rate that has remained anchored at over 6% throughout the past year, three times the Bank Of England’s target.

U.K. Core inflation rate: (Source: Trading Economics)

The U.S. also grapples with similar concerns on the other side of the Atlantic. The potential for further interest rate hikes looms, with probabilities increasing to 40% for a decisive move in either December or January, which would take the federal funds rate to 5.50-5.75.

Meeting Probabilities Fed: (Source: CME group)

The post Bank of England wrestles with stubborn inflation as U.S. eyes rate hikes appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Royal Kingdom Coin (RKC) на Currencies.ru

$ 0.0012184 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0012184 - H: $0.0012184
Капитализация $3.29k Rank 99999
Доступно / Всего 2.7m RKC

inflation exceeded consensus kingdom united rates predictions

Источник: cryptoslate.com

inflation exceeded → Результатов: 7


Huobi fiat-to-crypto exchange may address Argentina’s inflation problem

Argentina, long a cornerstone economy for Latin America, and the world’s eighth-largest country, has been plagued by debt and diminished financial opportunities. While this troubling reality plays out in different ways, one of the most obvious ramifications is the country’s inflation rate, which exceeded 50 percent in August 2019.

2019-9-20 11:58


U.S. Treasury Yields Continue to Surge as Mnuchin Considers “Dangerous Temptation”

U. S. government debt yields rose on Thursday after core inflation exceeded analysts’ estimates, signaling that the economy is performing better than previously feared. The inflation report seemed to strike a delicate balance on Wall Street: Firming expectations about the domestic economy without compromising the Federal Reserve’s plans to lower interest rates next week.

2019-9-13 00:00


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Vitalik Buterin Baffles Crypto Twitter: Can You Solve His Math Puzzle?

Vitalik Buterin, the enigmatic co-founder of Ethereum, sent shockwaves through the crypto Twittersphere this past weekend with a series of seemingly nonsensical equations. The equations, which defied basic arithmetic (think 2 + 2 = 0), left many scratching their heads and fearing a break in the very fabric of mathematics. However, as it turns out, […]

Railgun Among Crypto Market Top Gainers: Why Is RAIL 53% Up?

Recently, the crypto market fluctuations have seen most cryptocurrencies exhibit red numbers. While many remain unfazed by the market dynamics, some sectors of the crypto community have turned more pessimistic, and their bags are seemingly going down instead of up.