American government office
The Dow is hesitating as the Fed announces it may delay rate cuts due to inflation
qz.com/dow-jones-rate-cuts-inflation-federal-reserve-1851414249
High interest rates, rising inflation: The economy still isn’t normal: The improbable picture seems to guarantee that the Federal Reserve won’t be ready to lower ...
washingtonpost.com/business/2024/04/11/fed-inflation-economy-rates/
How immigration is helping the economy defy expectations: Policymakers are increasingly pointing to an immigration influx and a bolstered U.S ...
thehill.com/homenews/4581122-how-immigration-is-helping-the-economy-defy-expectations/
The Dow recovers after the Fed hints at interest rate cuts: AI, oil, and energy stocks rise as investors regain some excitement
qz.com/stock-market-dow-fed-cut-rates-1851385271
Paid articlePaid
Junk Market Flashes Warning as Fed Eyes Higher Rates for Longer: Junk-rated US companies have seen their interest costs rise after the Federal Reserve’s ...
bloomberg.com/news/articles/2024-03-25/junk-market-flashes-warning-as-fed-eyes-higher-rates-for-longer
Paid articlePaid Rates in 2024: Markets React as Powell's Fed Stays Course: The Fed chief has been reluctant to make a call on how the US economy has changed since the ...
bloomberg.com/news/articles/2024-03-17/rates-in-2024-markets-react-as-powell-s-fed-stays-course
Paid articlePaid Fed Reluctant to Say How the US Economy Has Changed: Big Take
bloomberg.com/news/newsletters/2024-03-18/fed-reluctant-to-say-how-the-us-economy-has-changed-big-take
Amid forecast shift, Fed's Powell flags uncertainty over longer-run outlook: Federal Reserve officials on Wednesday nudged up the level estimated for their ...
reuters.com/markets/us/amid-forecast-shift-feds-powell-flags-uncertainty-over-longer-run-outlook-2024-03-20/
Powell Is Scaring No One on Wall Street as Market Gains Broaden: Anyone betting that a hawked-up Jerome Powell would strike fear on Wall Street this week was ...
bloomberg.com/news/articles/2024-03-08/powell-is-scaring-no-one-on-wall-street-as-market-gains-broaden
US wholesale prices picked up in February in sign that inflation pressures remain elevated
apnews.com/article/inflation-wholesale-prices-consumer-federal-reserve-rates-b0456bd9bdc0cfdb5945f443ff75d865
Quick Glance: Inflation Decline and Consumer Impact
- Inflation in Germany continues to decline, primarily due to cheaper energy prices. Experts predict a further decrease in the year ahead, but with potential challenges. Higher inflation rates diminish consumer purchasing power.
- In February, energy and fuels decreased in price, while food prices increased. Services also became more expensive. Consumer prices rose by 0.4 percent compared to the previous month.
- The German government forecasts rising consumer prices and wage increases above the inflation rate. The expectation is that employees will spend the money and boost private consumption. However, the Bundesbank President warns against premature interest rate cuts.
- Despite the decline in inflation, the Bundesbank cautions against premature interest rate cuts. The European Central Bank aims for price stability in the medium term. Higher interest rates can curb demand but also burden the economy.
As Hershey battles cocoa costs, chocolate lovers may help cool inflation: The company’s response to the historically high cost of cocoa, the main ingredient in ...
washingtonpost.com/business/2024/03/12/inflation-chocolate-prices-grocery-cost/
Rent is driving inflation. But there’s something off in the data.: There’s a growing disconnect between what shows up in official reports and what’s happening on ...
washingtonpost.com/business/2024/03/03/rent-cpi-housing-fed/
Stocks stay in neutral as investors anxiously await the Fed: There was some recovery on indexes, but not enough to offset the losses
qz.com/stock-market-nervous-eyes-on-the-fed-1851384268
Paid articlePaid
Inflation isn't really the problem. Housing is: The Federal Reserve is keeping interest rates high to tame price growth. But it's a shortage of homes in ...
latimes.com/opinion/story/2024-03-08/inflation-housing-shortage-economy-cpi-fed-interest-rate
Quick Glance: Housing Market: Powell Warns of Persistent Shortage
- Speaking before the Senate Banking Committee, Federal Reserve Chair Jerome Powell stated that the U.S. housing market is undersupplied and will continue to be so in the years to come.
- Powell emphasized that the housing shortage is due to structural issues such as zoning difficulties and challenges in obtaining labor and materials for builders.
- He further explained that even as mortgage rates normalize, there will still be a nationwide housing shortage as many individuals are not moving due to low mortgage rates, resulting in a limited supply of available homes.
- Powell also addressed the challenges in the commercial real estate sector, specifically in the office segment, and how this could impact banks. He highlighted the likelihood of more bank failures in the coming years, particularly among small and medium-sized banks grappling with issues in the commercial real estate sector.
U.S. inflation sees slight decline but remains above Fed target: The costs of physical goods, including clothing, used cars and prescription drugs ...
pbs.org/newshour/economy/u-s-inflation-sees-slight-decline-but-remains-above-fed-target
DAX celebrates Jerome Powell - Airbus, BASF, BMW, Infineon, Heidelberg Materials and Zalando in check - Douglas with IPO
deraktionaer.de/artikel/maerkte-forex-zinsen/dax-feiert-jerome-powell-airbus-basf-bmw-infineon-heidelberg-materials-und-zalando-im-check-douglas-mit-ipo-20353460.html
How the Fed's war on inflation has frozen the housing market: The Federal Reserve aggressively hiked interest rates to lower inflation during the pandemic ...
businessinsider.com/how-do-interest-rate-hikes-impact-housing-market-rent-mortgages-2024-3
Paid articlePaid Municipal-Bond Funds See Biggest Weekly Inflow in Two Years: Investors are rushing back to the municipal-bond market after many spurned it over the past two ...
bloomberg.com/news/articles/2024-02-02/muni-investors-with-fomo-chase-returns-ahead-of-fed-rate-cuts
Federal Reserve on track to cut rates this year, Powell says: Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on ...
apnews.com/article/federal-reserve-powell-inflation-prices-rates-cuts-e2d17c4ef6502e95d52f78759fa512b4
Quick Glance: Federal Reserve Plans Interest Rate Cuts Amid Lower Inflation and Strong Economy
- Federal Reserve plans to cut interest rates three times this year, starting as early as May
- Chair Jerome Powell emphasizes strong job market and economy, with no signs of a recession
- Nearly all 19 members of the Fed's policy-setting committee agree on rate cuts due to cooling inflation
- Powell admits the Fed misjudged the duration of inflation and moved too slowly to respond
Wall Street braces for commercial real estate timebomb: Remarks last week by Federal Reserve Chair Jerome Powell about a spate of coming bank failures related to ...
thehill.com/business/4526847-wall-street-braces-for-commercial-real-estate-timebomb/
Tech Reels From the Hangover of Market's Great Expectations About AI: T. Rowe’s Page leans ‘against the wind’ with a tilt to value stocks
bloomberg.com/news/newsletters/2024-01-31/tech-reels-from-the-hangover-of-market-s-great-expectations-about-ai
What’s to blame for high home prices? Fed Chair Powell says ‘there hasn’t been enough housing built’
fastcompany.com/91021584/housing-market-home-prices-fed-chair-powell
Gold extends record run as rate cut bets gain ground: Gold rallied to a record on Wednesday, building on stellar momentum driven mostly by bets for U.S ...
reuters.com/markets/commodities/gold-holds-above-2100-near-record-high-focus-powell-testimony-2024-03-06/
US economic expansion likely hinges on a nimble Fed this time: It took a stock market crash, a housing crash and a pandemic to kill the last three U.S ...
reuters.com/markets/rates-bonds/us-economic-expansion-likely-hinges-nimble-fed-this-time-2024-01-29/
Stock Market Today: Dow Drops 404 Points Ahead of Powell's Testimony: The main indexes sold off sharply as anxiety ramped up ahead of tomorrow's congressional ...
kiplinger.com/investing/stocks/stock-market-today-dow-drops-404-points-ahead-of-powells-testimony
The risk of premature central bank celebrations on inflation: Fed should look through any temporary weakness in price growth arising as supply chain distortions ...
ft.com/content/509fee87-3c4b-46c1-9765-c0e0a5e2b0da
CPI Inflation Comes In Hot, Denting Fed Rate-Cut Hopes: The Fed's key inflation rate won't match the hot CPI reading after PPI data showed tame health ...
investors.com/news/economy/cpi-inflation-comes-in-hot-in-setback-for-fed-rate-cut-hopes-sp-500-futures-waver/
Quick Glance: Inflation and Your Money: What You Need to Know
- Inflation continues to slow, straining US households since early 2021.
- Estimate: Annual inflation rate to rise from 3.1% to 3.2% in December.
- Consumer price index well above the Federal Reserve’s 2% goal.
- Income and purchasing power have kept pace with inflation, according to Mark Zandi, chief economist of Moody’s Analytics.
Central banks should not rush into rate cuts: IMF | kuwaittimes: Central banks should not rush into rate cuts: IMF - Business - WASHINGTON: The IMF sees a ...
kuwaittimes.com/article/10813/business/central-banks-should-not-rush-into-rate-cuts-imf/
Mainstream Economics’ Medieval Inflation Medicine | by James K. Galbraith - Project Syndicate
project-syndicate.org/commentary/receding-inflation-exposes-deficits-in-economic-thinking-by-james-k-galbraith-2023-12
Central Banks Saved the World and Will Do It Again: Money mandarins can’t compete with aircraft carriers or tanks for visceral appeal, but when vital national ...
bloomberg.com/opinion/articles/2024-01-02/central-banks-saved-the-world-and-will-do-it-again
Fed Interest Rate Cuts Will Be Good for Biden, Tricky for Powell: Federal Reserve Chair Jerome Powell’s pivot toward interest-rate cuts is spreading holiday ...
bloomberg.com/news/articles/2023-12-17/fed-interest-rate-cuts-will-be-good-for-biden-tricky-for-powell
Stocks Are Hot—But Here’s Why Some Experts Think A Recession May Be Coming: The inverted yield curve, historic impact of rate-hiking cycles and weaker GDP growth ...
forbes.com/sites/dereksaul/2024/01/03/stocks-are-hot-but-heres-why-some-experts-think-a-recession-may-be-coming/
Fed’s ‘Doomsday Book’ shows Congress has given it too much leeway: What this internal ‘Doomsday Book’ reveals is the Fed’s institutional hubris and its ...
thehill.com/opinion/finance/4379049-feds-doomsday-book-shows-why-congress-needs-to-make-monetary-policy/
Powell's Battle Against Inflation Defies His Dire Warning: This is Washington Edition, the newsletter about money, power and politics in the nation’s ...
bloomberg.com/news/newsletters/2023-12-12/powell-s-battle-against-inflation-defies-his-dire-warning
Fed Inflation Fight Enters Last Leg Without ‘Pain’ It Feared: Federal Reserve Chair Jerome Powell said pain would be necessary to quell inflation ...
bloomberg.com/news/articles/2023-12-12/fed-enters-last-leg-of-inflation-fight-without-pain-it-feared
Richmond neighbors: Obituaries for January 21: Read through the obituaries published today in Richmond Times-Dispatch.
richmond.com/news/local/richmond-neighbors-obituaries-for-january-21/collection_32f662ea-c6f9-58f5-b465-24b1edf199b1.html
The Fed gives in to the clamour for looser money: Its doveish policymaking looks premature—and leaves Europe’s central banks in an awkward spot
econ.st/481xUez
Fed Chair Jerome Powell's warning of economic pain from the fight against inflation largely hasn't been realized as job market stays strong. Show more
Fed chief: Powell hints at a pause on interest rates: Before the last interest rate meeting of the American Federal Reserve, Fed Chairman Jerome Powell indicated ...
faz.net/aktuell/finanzen/fed-chef-powell-deutet-zinspause-an-19355305.html
Federal Reserve On Cusp Of What Some Thought Impossible: Defeating Inflation Without Steep Recession
huffpost.com/entry/ap-us-federal-reserve-inflation-beaten_n_657e0abbe4b0e142c0bde3e1
The Recession That Never Came: How the U.S. Economy Avoided the Foretold Downturn in 2023
finanzen.net/nachricht/aktien/starke-verbrauchernachfrage-die-rezession-die-nie-kam-wie-die-us-wirtschaft-2023-den-angekuendigten-abschwung-verhinderte-13150039
Did pandemic central banking work? Fed review to eye inflation, jobs tradeoffs: The U.S. Federal Reserve's pledge in 2020 to sustain "broad-based and inclusive" ...
reuters.com/business/finance/did-pandemic-central-banking-work-fed-review-eye-inflation-jobs-tradeoffs-2023-12-01/
Exclusive: Over 2,500 young adults signal interest in part of Biden's "Climate Corps"
axios.com/2023/12/01/biden-climate-corps
US consumer inflation eased in October as cheaper gas slowed overall price increases
apnews.com/article/inflation-prices-interest-rates-economy-federal-reserve-1f83d45fc6e30c6864d1b02913ec60c6
Quick Glance: Surprising Drop in US Producer Prices in October
- Last month saw the largest decrease in the producer price index for final demand since April 2020 at 0.5%.
- The PPI increased by 1.3% in the 12 months through October, following a 2.2% rise in September.
- Goods prices experienced a 1.4% decline in October, with a 15.3% decrease in gasoline prices being responsible for over 80% of the drop.
- Food prices fell by 0.2%, while prices for light motor trucks decreased.
Meet The New Bond, Same As The Old Bond?: The rally in bonds to close out 2023 reflects the US Federal Reserve's validation of beginning a rate-cutting cycle in ...
seekingalpha.com/article/4659412-meet-the-new-bond-same-as-the-old-bond
Paid articlePaid The Fed’s Remarkable Feat | by J. Bradford DeLong - Project Syndicate: J. Bradford DeLong argues that the US central bank has managed to humble hawkish and ...
project-syndicate.org/commentary/fed-monetary-policy-near-perfect-humbling-for-commentators-on-all-sides-by-j-bradford-delong-2023-12
The Fed isn't confident it's done enough to curb inflation—here's what could happen next
cnbc.com/2023/11/09/jerome-powell-fed-isnt-confident-its-done-enough-to-curb-inflation.html
Quick Glance: Powell's Pushback Impacts Market Reaction
- Federal Reserve Chairman Jerome Powell holds a press conference in Washington
- Market reacts to Powell's resistance against early rate cuts
- Minimal change in market pricing after Powell's precautionary measure
- 30-year auction closes with higher yield than expected, signaling investor concerns
Gold dips as Powell speech takes centre stage; palladium hits 5-yr low: Gold fell for a third straight session on Wednesday, with markets focusing on Federal ...
reuters.com/markets/commodities/firmer-dollar-weighs-gold-spotlight-shifts-powells-speech-2023-11-08/
The daily business briefing: December 14, 2023: The Fed signals three rate cuts in 2024, the Dow jumps to a record high, and more
theweek.com/business/the-daily-business-briefing-december-14-2023
Fed’s Powell warns market must be flexible with forecasts, ‘dynamic’ economy: Federal Reserve Chair Jerome Powell urged the central bank’s forecasters Wednesday ...
thehill.com/business/4299763-feds-powell-warns-market-must-be-flexible-with-forecasts-dynamic-economy/
Productivity adds the anesthetic to Powell's pain-free disinflation: A recent surge in U.S. productivity has underscored Federal Reserve Chair Jerome Powell's ...
reuters.com/markets/us/productivity-adds-anesthetic-powells-pain-free-disinflation-2023-11-03/
U.S. may need slower economic growth to beat inflation, Fed chair says: Federal Reserve Chair Jerome Powell said inflation remains too high and that bringing it ...
pbs.org/newshour/economy/u-s-may-need-slower-economic-growth-to-beat-inflation-fed-chair-says
Quick Glance: Fed Chair Powell: Bond Market Restraining Strong US Economy
- Powell agrees that rising yields tighten financial conditions and may reduce the need for further rate increases.
- Interest rates on Treasury bonds rose during Powell's remarks.
- Powell and colleagues consider the market-driven tightening of credit as a possibility.
- Labor market cooling and decreasing inflation are observed.
"We are prepared to tighten policy further if it becomes appropriate to do so."
While speaking at Spelman College ... Show more trib.al/Gncd9z6
Market participants are waiting for a comment from US Federal Reserve Chairman Powell on the further course of interest rates. When it comes to tech stocks ... Show more www.handelsblatt.com/finanzen/maerkte/marktberichte/dow-jones-sp-500-nasdaq-wall-street-startet-schwunglos-pfizer-fallen-nach-rueckschlag/100001933.html
The daily business briefing: November 10, 2023: Powell says the Fed is "not confident" it has contained inflation, feminist media site Jezebel shuts down ...
theweek.com/business/the-daily-business-briefing-november-10-2023
The yield on the benchmark 10-year US Treasury note rose above 5.0% on Monday, hitting the July 2007 milestone that it briefly attempted to scale last week ... Show more yhoo.it/3tJOxfy
Quick Glance: US Treasury Yield Hits 5%, Highest Since 2007
- The benchmark 10-year Treasury yield rose above 5% and reached its highest level since 2007.
- A strong US economy leads investors to expect high interest rates for an extended period.
- The surge in bond yields is driven by global bond sell-off and increasing government debt supply.
- The Federal Reserve indicates it will likely maintain its current policy at the upcoming meeting.
Why an economic soft landing may prove elusive: Consensus opinion suggests the U.S. economy is on course for a soft landing. This explains why the S&P 500 Index ...
reuters.com/breakingviews/why-an-economic-soft-landing-may-prove-elusive-2023-10-13/
DAX loses almost one percent - Shares of Commerzbank, Bayer and Rheinmetall in focus
boerse-online.de/nachrichten/rohstoffe/dax-schmiert-ab-ist-die-erholung-vorbei-aktien-von-bechtle-und-ionos-im-fokus-20343105.html
Fed chief Powell has warned of economic pain. In York, Pa., he heard all about it
reuters.com/markets/us/fed-chief-powell-has-warned-economic-pain-york-pa-he-heard-all-about-it-2023-10-02/
Fed's Powell: Economy still working through the impact of the pandemic: The U.S. economy is still dealing with the aftermath of the COVID-19 pandemic ...
reuters.com/business/feds-powell-economy-still-working-through-impact-pandemic-2023-10-02/
Investor Fears of 'Zombies' Create Bubble in Companies With High Cash Flow
bloomberg.com/news/articles/2023-11-01/fear-of-zombies-creates-bubble-in-companies-that-can-pay-bills
US Jobs Payroll Blowout Highlights Unending Debt Binge by Companies: Big Take: For the past 18 months, Fed Chair Jerome Powell has frantically been trying to ...
bloomberg.com/news/newsletters/2023-10-06/us-jobs-payroll-blowout-highlights-unending-debt-binge-by-companies-big-take
Rate Anxiety: The Bloomberg Open, Asia Edition: Good morning. Bond selloff deepens on Fed comments. The RBA is set to stand pat. And Taylor Swift sparks a ...
bloomberg.com/news/newsletters/2023-10-02/rate-anxiety-the-bloomberg-open-asia-edition
Powell at Jackson Hole: Economy's solid growth could require additional Fed hikes to fight inflation
apnews.com/article/inflation-federal-reserve-rates-economy-jackson-hole-9a720711618c0cfd851b51b0786af4f0
Quick Glance: Powell: Economy's Strength May Require More Interest Rate Increases
- Economic growth may require more interest rate increases, says Powell
- Higher loan rates make it harder to afford homes and cars
- Fed believes its key rate is high enough to restrain growth
- Even without further rate hikes, the Fed may keep its benchmark rate elevated to contain inflation
Just a moment...: 403: 64eed845b79e6
economist.com/finance-and-economics/2023/08/22/what-chinas-economic-troubles-mean-for-the-world
Fear of Stock Market Dive Creeps Back as Hedging Costs Climb: The S&P 500 Index’s surprise 16% rally this year is rewarding traders who bought in early and ...
bloomberg.com/news/articles/2023-09-10/fear-of-stock-market-dive-creeps-back-as-hedging-costs-climb
DAX starts fourth quarter with losses: Fresenius in focus.: The Dax is treading water at the start of the week, despite temporary relief that a U.S ...
boerse-online.de/nachrichten/rohstoffe/boerse-so-gut-startet-der-dax-in-die-neue-handelswoche-ausserdem-im-fokus-die-aktien-von-deutsche-boerse-und-ca-immo-20340344.html
Jobs Report: We May Finally Be Witnessing a Normal Labor Market: More people are entering the workforce and participation rates are back to pre-pandemic levels.
bloomberg.com/opinion/articles/2023-09-01/jobs-report-we-may-finally-be-witnessing-a-normal-labor-market
Good News for the Fed as Job Market Cools Without Delivering Pain: This is Washington Edition, the newsletter about money, power and politics in the nation’s ...
bloomberg.com/news/newsletters/2023-08-29/good-news-for-the-fed-as-job-market-cools-without-delivering-pain
Powell warns strong economy could lead to new interest rate hikes: The continued strength of the U.S. economy could require further interest rate increases ...
pbs.org/newshour/politics/powell-to-comment-on-economy-in-jackson-hole-as-new-interest-rate-hikes-feared
CNBC Daily Open: Jackson Hole anxiety overshadows Nvidia : Even Nvidia’s blockbuster earnings couldn’t quell investor anxiety over Jackson Hole.
cnbc.com/2023/08/25/stock-markets-jackson-hole-anxiety-overshadows-nvidia-.html
Quick Glance: Nvidia earnings could shake up Wall Street
- Real-time data snapshot
- Data delayed by at least 15 minutes
How the Federal Reserve uses higher interest rates to tame inflation: Interest rates are headed higher again, as the Federal Reserve resumes its fight with ...
pbs.org/newshour/show/how-the-federal-reserve-uses-higher-interest-rates-to-tame-inflation
Quick Glance: US Economy Stays Strong: GDP Grows by 2.4% in Q2
- The Commerce Department announced that the gross domestic product, adjusted for inflation, increased by a 2.4 percent annual rate in the second quarter.
- Business investment rebounded in Q2 following a slump in the previous quarter, and growth was also supported by increased spending from state and local governments.
- According to Patrick Weiler, President and CEO, the company will initially utilize only a quarter of the available space.
Jerome Powell Has a Chance to Be a Legend: If you like chatting with us, check out the Odd Lots Discord, where you can hang out and talk with us and with other ...
bloomberg.com/news/newsletters/2023-07-28/jerome-powell-has-a-chance-to-be-a-legend
Why inflation is losing its punch — and why things could get even better: Annual inflation fell to 3% in June, the lowest since March 2021. That probably won't ...
npr.org/2023/07/12/1187230556/inflation-consumer-prices-interest-rates-federal-reserve-economy
Quick Glance: US Inflation Rises at Slowest Pace in Two Years
- Inflation rose 3% in June compared to the previous year, according to data, down from 4% in May.
- Inflation has significantly decreased from its peak of over 9% in June 2022, and the latest reading represents the slowest pace since March 2021.
- The increase in US inflation in June was driven by higher housing costs, as reported by the Labor Department.
- The figures highlight the relatively fast progress the US has made in controlling price increases, especially compared to the UK, where inflation reached 8.7% in May despite multiple interest rate hikes.
Job openings fall to lowest level in 2 years as demand for workers cools: The Federal Reserve is seeking to cool hiring because if companies are less desperate ...
bostonglobe.com/2023/08/01/business/job-openings-fall-lowest-level-2-years-demand-workers-cools/
Quick Glance: US job openings at two-year low; labor market remains tight
- US job openings fell to the lowest level in more than two years in June, but remain at levels consistent with a tight labor market.
- Low job openings could lead the Federal Reserve to maintain high interest rates for an extended period.
- Job openings dropped 34,000 to 9.582 million in June, the lowest level since April 2021.
- The quits rate, a measure of labor market confidence, fell from 2.6% in May to 2.4%.
US banks gird for dose of post-stress-test trauma: For the biggest U.S. banks, the nerves this year come after the exam. Large lenders just breezed through ...
reuters.com/breakingviews/us-banks-gird-dose-post-stress-test-trauma-2023-06-29/
Morning Bid: Fed turns screw, Micron pops: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2023-06-29/
Rental prices are finally starting to drop from pandemic highs: Rent is starting to drop. But housing costs are still by far the main factor driving inflation.
washingtonpost.com/business/2023/06/26/rent-prices-drop-2023-housing-market/
Inflation Has Eased, but Economists Are Still Worried: Inflation has come down from its 2022 heights, but economists are worried about its stubbornness.
nytimes.com/2023/06/21/business/economy/us-inflation-fed.html
Quick Glance: Bank of England under fire as Rees-Mogg calls for review of inflation target
- Politicians across parties criticize Bank of England as it prepares to raise interest rates again this week.
- Bank is legally bound to target a 2% inflation rate and has been raising interest rates at every meeting since late 2021 to achieve this.
- Sir Jacob, the former business secretary, suggests that revision of the inflation target is 'probably overdue'.
- How much will my mortgage increase? Implications of next Bank of England interest rate decision on payments.
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