Londoners face £1,000 hike in monthly mortgage bills as BoE fights runaway inflation The average two-year rate continued to surge today, hitting 6.19% Evening Standard · Jun 22, 2023
Interest rates – live: UK ‘set for recession’ as under-fire bank chief attacks businesses Bank raises UK interest rate to 5 per cent from 4.5 per cent The Independent UK · Jun 22, 2023
Turkish central bank faces key test on economic turnaround after Erdogan's reelection Turkey's central bank faces a key test on turning to more conventional economic policies to counter sky-high inflation after President Recep Tayyip Erdogan’s recent reelection The Independent UK · Jun 22, 2023
Bank of England is set to hike rates to battle inflation. That means pain for borrowers The Bank of England is poised to raise borrowing costs again to combat stubbornly high inflation, which has failed to come down from its peak as quickly as expected The Independent UK · Jun 22, 2023
Bank of England set to raise interest rates again as high inflation sticks Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon Evening Standard · Jun 22, 2023
Why does the RBA want unemployment to go up? And what has it got to do with inflation? The Reserve Bank deputy governor’s assessment that unemployment was ‘too low’ to tame inflation drew anger from unions. But was it correct? The Guardian - AU · Jun 22, 2023
Arla warns of further price rises unless labour shortage addressed ‘urgently’ The UK’s largest dairy cooperative said the industry labour shortage was fuelling food price inflation. The Independent UK · Jun 21, 2023
Majority Of Americans Maintain Or Increase Eco-Friendly Habits Despite Inflation Costs New survey reveals popular environmentally-friendly behaviors adopted by Americans in 2023 Zenger · Jun 21, 2023
Rishi Sunak says he feels ‘deep moral responsibility’ to cut inflation Prime minister to say it is imperative he ‘hold his nerve’ in commitment to half inflation The Independent UK · Jun 21, 2023
Labour piles pressure on Sunak with plan to prevent ‘mortgage catastrophe’ Shadow chancellor Rachel Reeves says party would force banks to take a range of steps to protect borrowers The Guardian - UK · Jun 21, 2023
Labour would force banks to help struggling borrowers to diffuse ‘mortgage bomb’ Chancellor Jeremy Hunt was accused by his Labour shadow Rachel Reeves of ‘standing by’ as millions struggle. The Independent UK · Jun 21, 2023
Stocks Fall as Fed Chair Powell Reiterates Hawkish Bias What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday fell -0.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) fell -0.30%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -1.35%. U.S. stocks on Wednesday fell after Fed Chair Powell, in his semi-annual... Barchart · Jun 21, 2023
Tories inflicting 'living nightmare' of rampant inflation and soaring mortgages on UK With another Bank of England rate hike predicted for today, the Government is accused of being out of ideas and clueless about people’s financial predicament Daily Mirror · Jun 21, 2023
Dollar Falls Despite Powell’s Hawkish Bias The dollar index (DXY00 ) on Wednesday fell -0.46% on bearish technical sentiment, with the dollar index knocking on the door of last week’s 5-week low. The forex market remains focused on monetary policy differentials, with the ECB and Bank of England continuing to raise interest rates while the Fed... Barchart · Jun 21, 2023
The New Daily · Jun 21, 2023 Alan Kohler: Time to revisit the Allan Fels system of price control – naming and shaming It’s time to revisit the Fels system of price control.That is – put some resources into price surveillance, and name and shame the gougers.
The Independent UK · Jun 21, 2023 Biden's 3 Federal Reserve nominees appear likely to win Senate approval President Joe Biden’s three nominees for the Federal Reserve’s Board of Governors pledged to fight inflation during a confirmation hearing that drew only modest pushback from Republican members of the Senate Banking Committee
Fortune · Jun 21, 2023 5 reasons why top economist Mark Zandi says ‘this time is different’ and he’s ‘betting against’ a U.S. recession “This time is different,” Moody’s Analytics’ chief economist wrote in a CNN op-ed Tuesday. “Odds are that we will buck history and avoid recession.”
The Independent UK · Jun 21, 2023 Rishi Sunak warned of ‘serious shock’ for mortgage holders as Bank of England poised to raise interest rates Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates
Barchart · Jun 21, 2023 Markets Doubt FOMC Will Follow Through on its Forecast for +50 bp Rate Hike Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...
Barchart · Jun 21, 2023 Stocks Lower as Fed Chair Powell Reiterates Hawkish Bias What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.08%. U.S. stocks are lower today after Fed Chair Powell,...
Evening Standard · Jun 21, 2023 OPINION - The problem: Britain’s economy cannot grow without generating inflation “I ask the court to judge which is worse,” urges the handsome but painfully earnest Dylan McDermott. “A lie that draws a smile or a truth that draws a tear?” This rhetorical flourish is problematic even by Hollywood’s standards, given that Kris Kringle’s lawyer in Miracle on 34th Street appears…
Evening Standard · Jun 21, 2023 Bank of England interest rates hit 5% as Andrew Bailey says ‘We know this is hard’ Jumbo hike of half a percentage point is the 13th consecutive rise, cost of borrowing to its highest since 2008
Fortune · Jun 21, 2023 In a summer of Ticketmaster scandals, 'revenge spending' and inflation, Robert Smith of The Cure is the hero we need The goth icon speaks for all of us: "I AM AS SICKENED AS YOU ALL ARE."
GamesRadar · Jun 21, 2023 Zelda: Tears of the Kingdom is getting (partial) blame for the UK's record inflation Zelda gets her very own 'Beyonce Effect'
Evening Standard · Jun 21, 2023 OPINION - Bank of England acted too late on inflation and now homeowners will pay This morning’s UK inflation data can be described in just two words: truly horrible. With headline inflation stuck at 8.7 per cent and core underlying inflation rising from 6.8 per cent to 7.1 per cent, the Bank of England is facing a huge problem. Most thought the Bank’s key policy…