Sharpest inflation increase since 2008 fails to drive Bitcoin demand July 14, 2021 The crypto markets are down again today, with both Bitcoin and Ethereum prices falling to levels not seen since late June.
FTSE opens up but investors keep watching brief on US inflation July 13, 2021 The FTSE 100 opened up this morning as investors indulged in a little optimism ahead of US inflation figures due out this afternoon. Global equities have had a good run over recent days with Wall St hitting record highs last night. The flagship FTSE 100 stood at 7,144 after an hour of trading, up 0.26 [...]
Once again the world’s economies prove that Bitcoin can be the answer to their problems February 3, 2023 Jason Deane has some telling observations from around the world and says the struggle with inflation has an obvious answer in Bitcoin.
The Bank of England appears to have learnt from earlier mistakes February 2, 2023 The Bank of England made a host of missteps in the early parts of the inflation spike. It has become more boring - and more effective - since.
Bank of England to cut interest rates in August before the Fed, economists predict April 28, 2024 The Bank of England is expected start cutting interest rates in August before the US Federal Reserve, a City A.M. poll of top economists has revealed, as inflation edges back down to the government's two per cent target.
UK services sector continues recovery amid mounting inflation fears July 5, 2021 The UK services sector continues to rebound from the pandemic, but fears about inflation are gathering pace, show new figures published today. The latest IHS Markit/CIPS UK Services PMI reached 62.4 in June, down slightly from 62.9 in May, but still the second-highest reading since October 2013. A reading above 50 indicates an expansion in [...]
US inflation rate climbs at fastest pace since 2008 June 10, 2021 US inflation has soared to the fastest annual rate since the financial crisis, fuelling concerns of early policy tightening by the Fed. The Labor Department said its consumer price index (CPI) rose 0.6 per cent last month after surging 0.8 per cent in April. In the 12 months to May, CPI accelerated five per cent, [...]
Haldane: Rishi ‘played a blinder’ but inflation fears are very real June 9, 2021 The threat of inflation is very real for chief economist at the Bank of England Andy Haldane, who this morning said the UK could “overshoot” its inflation target for longer than planned. Speaking on LBC this morning Haldane said there are “punchy pressures on prices” across the UK economy. A combination of high prices on [...]
FTSE 100 today: London markets likely to mirror Wall Street’s rise in global tech rally January 25, 2024 Global markets rally on tech strength, while Tesla is down 6%, and oil prices rise. Focus shifts to pivotal indicators like U.S. Q4 GDP, PCE inflation, ECB policy, and Intel earnings.
US Fed chief Powell insists inflation will pull back despite casting doubt over central bank’s forecasts December 1, 2021 The chief of the US Federal Reserve today insisted price rises in America should pull back from a three-decade high in the middle of next year despite casting doubt over the central bank’s own inflation forecasts. Jerome Powell said the Fed expects inflation to fall “significantly” in the second half of next year, while in [...]