Bank of England Set to Cut Rates Amid Rising Jobless Rate
Markets expect fifth cut as economy stalls The Bank of England is poised to lower interest rates this week in an effort to support a stalling UK economy under pressure from rising
Pound Falls as BOE Signals Faster Rate Cuts
Bailey Warns of Economic Slack and Job Market Weakness The British pound fell to a three-week low after Bank of England Governor Andrew Bailey indicated the central bank may accelerate interest rate
US Consumer Sentiment Falls in August
Inflation worries drive first decline in months Consumer sentiment weakened in August for the first time in four months as inflation concerns resurfaced. The University of Michigan’s latest survey showed year-ahead inflation
Fed May Reconsider Approach to Inflation and Jobs: Powell
The U.S. Federal Reserve is considering revising key elements of its monetary policy framework, especially regarding jobs and inflation, as it faces the possibility of more frequent and persistent supply shocks. This
April Consumer Confidence Plummets Amid Tariff Concerns
Consumer attitudes towards both the present and future took a significant downturn in April, as escalating tariffs dented sentiment and employment confidence hit levels reminiscent of the global financial crisis. Consumer Confidence
US Labor Market Holds Steady Amid Growing Tariff Fears
Strong Job Gains in March, But Uncertainty Looms The U.S. labor market showed resilience in March, adding a better-than-expected 228,000 jobs and continuing a historic streak of job gains. However, the data,
Wall Street lowers U.S. growth outlook for 2025
Economy cools but avoids collapse amid policy uncertainty After two years of outperforming forecasts, the U.S. economy is showing signs of cooling — though not cracking. Recent GDP revisions from the Federal
Jobless Claims Fall as Labor Market Shows Resilience
The number of new unemployment insurance applications fell to its lowest level since last April, signaling unexpected strength in the labor market even as broader employment conditions cool. For the week ending
Weekly Jobless Claims Hit Seven-Month Low Amid Noisy Data Trends
Weekly jobless claims in the U.S. reached a seven-month low last week, as the effects of labor strikes and severe weather have introduced noise into the data over recent months. According to
Eurozone Wages Surge to Highest Growth Since 1990s, Complicating ECB’s Rate Strategy
Wages in the Eurozone surged 5.4% year-on-year in the three months to September, marking the fastest growth since 1993, according to data from the European Central Bank (ECB). This significant rise in