Spending on university students in England ‘back to 2011 low point’, says IFS Government’s underestimation of inflation has eroded teaching resources, according to thinktank The Guardian - UK · Dec 11, 2023
Falling behind: On Monetary Policy Committee and inflation The dissonance in messaging from the central bank, i.e. the Monetary Policy Committee, is telling The Hindu · Dec 10, 2023
Bank of England, Fed and ECB poised to leave interest rates on hold Stubbornly high inflation forces central banks to avoid cuts, but markets expect falls next year The Guardian - UK · Dec 10, 2023
Labour is on course for victory – but what kind of economy will it inherit? Inflation is coming down, but Keir Starmer will need to improve public services when there is a lack of ready cash The Guardian - UK · Dec 10, 2023
Sisi poised to win power again, but Egyptians’ minds are on Gaza There’s no chance of a fair election on Sunday, but Egypt president’s weakness on Gaza is showing in a country racked by poverty, corruption and inflation The Guardian - UK · Dec 10, 2023
US Fed Expected To Pause Again As Inflation Edges Closer To Target The US Federal Reserve is widely expected to hold interest rates at a 22-year high for a third consecutive meeting on Wednesday as it continues to fight elevated inflation. International Business Times · Dec 10, 2023
Milei Takes Office As Argentina Braces For Economic Reforms Javier Milei will on Sunday be sworn in as Argentina's president, as the country steels itself for harsh spending cuts and economic reforms aimed at curbing rampant inflation. International Business Times · Dec 10, 2023
Australia’s economy 2023 report: how it started v how it’s going Stronger than expected population growth made inflation hardier than most experts predicted and property prices defied successive rate rises The Guardian - AU · Dec 9, 2023
How club racing proved resilient in 2023 Stubbornly high inflation, a squeeze on incomes and weak economic growth. The UK’s financial situation during 2023 does not exactly sound like the ideal conditions for motorsport to thrive. And yet, there have been encouraging signs of resilience in the club racing world, with some impressive entries over the past… Autosport · Dec 9, 2023
The economy is a trouble spot for Biden despite strong signs. Here's why Despite job growth, low unemployment and record spending, Americans are in a sour mood about the economy — and that could spell trouble for President Biden's reelection chances. WEKU · Dec 9, 2023
Costly credit and a mortgage timebomb: five ways rising interest rates have hit the UK Two years on from the first in the Bank’s run of rate hikes, how have they changed the shape of Britons’ finances? The Guardian - UK · Dec 9, 2023
Stocks Finish Higher on U.S. Economic Optimism What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. Stocks on Friday settled moderately higher, with the S&P... Barchart · Dec 8, 2023
A 'soft landing' or a recession? How each one might affect America's households and businesses The solid hiring revealed in Friday’s jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft landing” next year rather than a widely feared recession The Independent UK · Dec 8, 2023
How a top economic adviser to Biden is thinking about inflation and the job market The latest numbers show a strong picture for the U.S. economy. Yet many Americans have a pessimistic view. Here's how an adviser to Joe Biden says they're addressing that. WEKU · Dec 8, 2023
Fortune · Dec 8, 2023 Unemployment rate drops to 3.7%, and experts say it’s another ‘soft landing’ signal that will leave the Fed in limbo “The recession that seemed so inevitable at the end of 2022 still hasn’t arrived and may not come anytime soon,” said Chris Zaccarelli, chief investment officer of the Independent Advisor Alliance.
Evening Standard · Dec 8, 2023 “Squeeze set to get worse” as rents set to outstrip housing benefits 14% by 2025 The Chancellor’s temporary measures will do little to help the rent, cost-of-living and homelessness crisis, warns action group
StockNews.com · Dec 8, 2023 Why is December 13th Important to Stock Investors? The S&P 500 (SPY) has been on quite a run since the Fed meeting on 11/1. Thus, it is important to note that the next meeting on December 13th will also be a catalyst for stocks. The main question is...will that be good or bad for stocks? To help out,…
Barchart · Dec 8, 2023 Stocks Rally as Soft-Landing Prospects Improve What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.22%. Stocks this morning are moderately higher, with the S&P...
The Guardian - US · Dec 8, 2023 US economy adds 199,000 jobs as unemployment rate falls slightly Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves
Evening Standard · Dec 8, 2023 Public thinks inflation will still be too high in late 2028, Bank of England survey reveals When asked what they expect the rate of inflation to be five years from now, respondents gave a median answer of 3.2%
Evening Standard · Dec 8, 2023 'Morally indefensible' TV licence fee prosecutions to be reviewed, Culture Secretary says A review will 'specifically look at the issue of criminal prosecution of the licence fee'
Fortune · Dec 8, 2023 ‘Greedflation’ study finds many companies were lying to you about inflation Companies like Exxon Mobil, Shell, and Kraft Heinz enjoyed bumper profits as consumers struggled with historic inflation.
The Guardian - UK · Dec 8, 2023 UK regulator examining Microsoft’s OpenAI ties; two-year mortgage rates lowest since June – as it happened Rolling coverage of the latest economic and financial news
The Independent UK · Dec 8, 2023 December dates for benefits, pensions and cost of living payments Many households still struggling and facing costly winter, even as inflation begins to ease
Dynamite News · Dec 8, 2023 RBI maintains status quo in policy rate for 5th time now The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time.