JPMorgan chief Jamie Dimon warns of ‘stickier inflation and higher rates’ as markets trim Fed bets April 8, 2024 Jamie Dimon, the long-serving chief executive of JPMorgan Chase, has warned that higher government spending could result in stickier-than-expected inflation and higher interest rates in the US.
Sunak insists he will bring down taxes when inflation cools May 18, 2023 Rishi Sunak has insisted he will bring down taxes when inflation cools and claimed the economy is defying expectations. It comes after economists warned one in five people will be paying the higher rate of tax under his policies. The Prime Minister said the nation’s finances are receiving boosts from the departure from the EU, [...]
FTSE finance chiefs: Rates, inflation and growth squeeze C-suite confidence July 17, 2023 Ratcheting up interest rate expectations and intense fears about sticky inflation has hobbled FTSE finance chiefs’ optimism, a closely watched survey out today shows. Confidence among chief financial officers (CFO) of FTSE-listed companies has tumbled over the last quarter, according to consultancy Deloitte. Optimism among money managers at Britain’s largest businesses has eroded to net [...]
Retailers put all their chips on inflation cooling during golden Christmas run-up September 22, 2023 A better than expected inflation reading, and growing consumer confidence and sales, have offered a glimmer of hope for the UK’s retail sector, as they turn their focus to the vital Christmas trading months. According to today’s ONS figures, retail sales volumes rose by 0.4 per cent in August 2023, partially recovering from a fall [...]
All Bar One owner still feeling the pinch from inflation May 17, 2023 Mitchells and Butlers, the UK’s largest listed pub group, saw a drop in profits this morning, but said that its cost outlook was improving amid ongoing inflationary pressure. The All Bar One and Toby Carvery owner made £100m in adjusted operating profit for the half year ending on April 8, down from £120m a year [...]
UK inflation shock was bad for the Bank of England – and disastrous for families March 22, 2023 These were not good inflation numbers for the Bank of England. They were even worse for families. Nearly everyone has been taken aback by the Office for National Statistics calculating the annual rate of headline inflation (the consumer price index) snapped a three month falling streak to climb to 10.4 per cent last month. That [...]
Gold holds on to heavy gains as Fed signals victory in battle against inflation July 14, 2023 Gold markets have consolidated this week's price rally, following encouraging inflation data from the US.
Crypto investors feeling the ups and downs as inflation figures set the tone May 11, 2023 The price of Bitcoin is settling around $27.4K this morning, in the red by a marginal 0.62%. Ethereum at $1.822 is down by 1.5%.
Federal Reserve governor says inflation declines in coming months could warrant rate cuts November 29, 2023 A US Federal Reserve governor said he is "increasingly confident" the central bank's interest rate will prove adequate to lower inflation.
Why markets still think the Fed will cut interest rates in June despite US inflation overshoot March 12, 2024 Looking longer term, there has been little progress on inflation since last summer, when inflation dropped to three per cent. Inflation has remained roughly stable since then.