Raising fuel duty in Budget will lead to spike in inflation, Rachel Reeves warned
RACHEL Reeves is being warned not to raise fuel duty in the Budget as it would lead to a spike in inflation, campaigners say.The Chancellor…
US Fed cuts rates by larger than usual half-percentage point | Inflation News
Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this yearThe United States Federal Reserve has…
State pension to rise by £460 for millions next year as UK inflation rate stays at 2.2%
THE UK's rate of inflation remained at 2.2% in August meaning the state pension will rise by £460 for millions next year.The Office for National…
Here’s what economists had to say about the latest inflation numbers
Breadcrumb Trail LinksNewsEconomyThe reading was the slowest increase in the CPI since February 2021Published Sep 17, 2024 • 5 minute read You can save this…
I tested all the Weetabix dupes as brand leader becomes ‘too expensive’ and winner was nearly HALF the price
BREAKFAST lost a little of its shine this week with the news that Weetabix has axed the popular Lyle’s Golden Syrup flavour.The sweeter version of…
Yellen: Inflation Reduction Act resources aided collection $1.3B from wealthy tax delinquents
Treasury Secretary Janet Yellen said in prepared remarks Friday that the IRS has collected $1.3 billion from wealthy non-filers due to assistance from Inflation Reduction…
I’ve got no money for food, no gas and just 20p of electricity left on my meter – I go without so my CAT can eat instead
A WOMAN says she has to go without food so she can feed her cat and pay for the cost of energy.Katy, from Leeds, says…
U.S. releases jobs report for August, key data for Fed and candidates
WASHINGTON — Job growth picked up in August from the sluggish pace of hiring the previous month, providing a bit of relief after sharp declines earlier…
ECB rate cut looking more likely as Eurozone growth downwardly revised
Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong…
Trump says he’ll boost economy by cutting U.S. spending, corporate taxes
NEW YORK — Former President Trump told a group of executives and industry leaders on Thursday that he wants to lead a “national economic renaissance” by…
New Zealand’s young leaving in record numbers as cost of living bites | Migration
Wellington, New Zealand – When Jessica Chong started sending out invitations for a recent party to celebrate her and her partner’s birthdays in Auckland, New…
Bank of Canada cuts rates, indicates bigger cut possible | Inflation News
Wednesday marked the third consecutive cut, with the central bank citing continued easing in broad inflationary pressures.The Bank of Canada (BoC) has trimmed its key…
Mortgage approvals at highest since Liz Truss’s mini-Budget cratered market two years ago
Mortgage approvals are at their peak since Liz Truss’s mini-Budget cratered the market nearly two years ago.There were nearly 62,000 in July, up 29 percent…
Weekly markets recap: Good week for European stocks as Dax hits fresh high
The European stock markets maintained their upward trajectory as cooling inflation bolstered hopes for more significant rate cuts by the European Central Bank. The DAX…
Is the fight against inflation turning a corner? | Inflation
The US Fed has signalled rate cuts are coming, while other leading central banks have started lowering borrowing costs.Inflation is no longer on fire. The…
UK house prices mapped: locations where values are rising and falling revealed – what’s happening in your area?
HOMEBUYERS are making the most of falling mortgage rates as market activity jumps higher than the same point last year.Buyer demand is now 20% higher…
Markets look ahead: EU inflation data in focus as ECB considers rate move
The Eurozone is set to release its first estimate of inflation for August, offering clues about the ECB's interest rate decision in September. Nvidia's earnings…
US Fed’s Powell says ‘time has come’ to lower interest rates | Inflation News
Fast rise in prices led the Fed to increase its benchmark policy rate from near zero to the highest range in a quarter of a century.United…
Fed Chair Jerome Powell indicates interest rate cuts are coming amid lowered inflation
Federal Reserve Chairman Jerome Powell Friday indicated interest rate cuts are coming amid positive economic data on inflation dropping to an annual rate of 2.5%.…
Fed leader tees up interest rate cuts in search of soft landing
After a near-textbook campaign to rein in inflation by raising interest rates, the head of the Federal Reserve, Jerome H. Powell, all but promised Friday…