UK inflation set to fall ‘dramatically’ as energy prices ease A slowdown in gas and electricity inflation is expected to drive a drop in Consumer Prices Index inflation in October. The Independent UK · Nov 15, 2023
Flood protection plans for English homes cut by 40% Quarter of new flood defence projects will also not go ahead, NAO finds, as Environment Agency blames cuts on inflation The Guardian - UK · Nov 15, 2023
Here’s a Construction Biz to Buy Up 7% and Hitting a 52-Week High The market’s been on fire Tuesday after inflation news sent the S&P 500 to a two-month high. Hiding amongst all the green today is an Alabama construction company that’s up 7% and hitting a 52-week high for the 23rd time in 2023. Barchart · Nov 14, 2023
What’s pushing inflation down? More goods, workers and housing But many economists say a key reason why so many Americans hold a gloomy view of the economy is that prices — on items that they buy regularly — remain much higher than they were three years ago. Chicago Sun-Times · Nov 14, 2023
Stock Market Today: Dow Spikes 489 Points After Encouraging Inflation Data Tuesday's cooler-than-expected CPI report lit a fire under stocks. Kiplinger · Nov 14, 2023
Stocks are soaring as Wall Street celebrates a cooler-than-expected inflation report that could signal the end of the Fed's rate hikes: ‘The immaculate disinflation continues’ “The Fed is increasingly likely to be in a position to cut rates in the second quarter of 2024,” Lazard's chief market strategist says. Fortune · Nov 14, 2023
Bank of England chief economist Pill warns UK pay growth ‘stubbornly high’ Pay growth remained close to record highs at 7.7%, official figures revealed today Evening Standard · Nov 14, 2023
UK inflation expected to slow sharply, easing interest rate pressure Economists expect October’s reading to fall almost two points to 4.8%, helped by drop in energy prices The Guardian - UK · Nov 14, 2023
October CPI Report: What the Experts Are Saying About Inflation A softer-than-expected CPI report could mean the Fed is done raising interest rates this cycle. Kiplinger · Nov 14, 2023
German union calls on train drivers to strike this week in a rancorous pay dispute A union representing German train drivers says it is calling its members out on a 20-hour strike later this week as a rancorous round of pay negotiations with the country’s main rail operator gets under way The Independent UK · Nov 14, 2023
Nasdaq, S&P 500 Futures Edge Up Ahead Of Key Inflation Data; Analyst Says Week’s Main Street Events Could Awaken Market The mood on Wall Street relays cautious optimism as stock futures traded modestly higher ahead of the open on Tuesday Zenger · Nov 14, 2023
Cost-Conscious Consumers are Boosting the Earnings of Discount Retailers With higher interest rates and sticky inflation undercutting the purchasing power of most consumers, value retailers are holding up against a broader spending pullback as anxiety over the economy prompts shoppers to seek discounts and deals. Many of the off-price retailers, such as TJX Cos (TJX ), Ross Stores (ROST... Barchart · Nov 14, 2023
Interest, cost blowouts threaten SA budget surplus High inflation, rising interest rates and cost overruns may wipe out the South Australian government's projected budget surplus, the auditor-general has found. AAP · Nov 14, 2023
UK inflation set to fall ‘dramatically’ to two year low as energy prices ease Price rises in the UK are set to have fallen sharply last month in an encouraging sign for the Prime Minister and his pledge to halve inflation by… The National (Scotland) · Nov 14, 2023
The Guardian - US · Nov 14, 2023 US inflation cools to 3.2% as fuel prices drop and rise in housing costs slows Consumer price rises were down from 3.7% in September continuing a downward trend from high of 9.1% in June 2022
WEKU · Nov 14, 2023 As gasoline prices fall, U.S. inflation cools to 3.2% Consumer prices last month were 3.2% higher than the month before — a smaller annual increase than the previous month. A sharp drop in gas prices in October helped to offset rising rents.
Zenger · Nov 14, 2023 October CPI Could Signal Crucial Shift In Economic Landscape The stability of the inflation remains complex that could affect future rate adjustments.
The Independent UK · Nov 14, 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
France 24 · Nov 14, 2023 US delays APEC trade deal due to domestic pushback At the Asia-Pacific Economic Cooperation (APEC) Forum on Tuesday, US treasury secretary Janet Yellen said a trade deal that would cover some 40 percent of the global economy "looks not to be complete". Her comments came after Democrat senator Sherrod Brown voiced his opposition to the text over labour standards…
Barchart · Nov 14, 2023 Stock Index Futures Tread Water as Investors Await U.S. Inflation Data December S&P 500 futures (ESZ23) are up +0.07%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.20% this morning as market participants geared up for a key U.S. consumer inflation report that could provide additional insight into the Federal Reserve’s monetary policy outlook.
Barchart · Nov 14, 2023 Stock Index Futures Climb as Investors Await U.S. Inflation Data December S&P 500 futures (ESZ23) are up +0.16%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.32% this morning as market participants geared up for a key U.S. consumer inflation report that could provide additional insight into the Federal Reserve’s monetary policy outlook.
The Independent UK · Nov 14, 2023 November dates for benefits, pensions and cost of living payments Inflation very gradually easing but many households still struggling
The Guardian - UK · Nov 14, 2023 UK jobs market dodges hit from economic slowdown ONS finds unemployment rate broadly unchanged and real wages rising thanks to falling inflation
The Guardian - UK · Nov 14, 2023 Pound, shares and bonds rally as US inflation slows to 3.2% – as it happened US core inflation has dropped to a two-year low, cheering investors, while more firms fall into insolvency last month
Evening Standard · Nov 14, 2023 Wages and jobs data land as expected ahead of D-Day for Sunak's inflation pledge The prime minister will find out tomorrow if double-digit inflation has halved, in line with his pledge