Why interest rates have gone up - and what impact it will have on households Interest rates are at their highest point in 14 years after the ninth increase in a row by the Bank of England Wales Online · Dec 15, 2022
How 'independent' is the NHS pay review body? We look at the facts Nurses' union leaders have accused the Government of hiding behind the body, which made its recommendation in July - before energy bills rocketed and inflation hit its peak Daily Mirror · Dec 15, 2022
High inflation and efforts to tame it defined 2022 economy At times, 2022 felt like the 1970s or early ’80s The Independent UK · Dec 15, 2022
Major East Renfrewshire leisure centre and theatre plan delayed due to costs Councillors have made the decision due to rising inflation and volatile interest rates, but there are concerns the move could put the project at risk of further price increases. Glasgow Live · Dec 15, 2022
Working at 76: Inflation forces hard choice for older adults Higher prices throughout much of 2022 have taken their financial toll on older adults in particular The Independent UK · Dec 15, 2022
Retail spending dips as holiday sales bite into inflation Retail sales declined 0.6% in November compared to October, the biggest decline in almost a year. For once, declining prices seem to be part of the story. WEKU · Dec 15, 2022
5 takeaways from the front lines of the inflation fight Inflation may be slowing, but prices are still climbing much faster than Americans are used to. The Federal Reserve's dramatic steps to bring it to heel appear to be working - somewhat. WEKU · Dec 15, 2022
Three charts that explain why falling living standards could deepen the UK's north-south divide Living standards are set to fall by 7% in the UK over the next two years, according to the Office for Budget Responsibility (OBR) – the government’s independent economic forecaster – but some areas will be hit harder than others. The Conversation · Dec 15, 2022
3 Top Nasdaq Stocks to Buy for December While a remarkable improvement in inflation and a lower interest rate hike have boosted investors’ confidence, Fed’s recent comments indicate that rate hikes might continue. The Nasdaq Composite has witnessed a freefall amid market volatility this year. However, quality Nasdaq stocks PepsiCo (PEP), Broadcom (AVGO), and Comcast Corp. (CMCSA), which… StockNews.com · Dec 15, 2022
ECB: Euro zone economy probably contracting FRANKFURT: The euro zone economy may contract in the last quarter of this year and the first quarter of next year because of high energy prices, but it should still manage weak growth in 2023, the European Central Bank (ECB) said on Thursday. Bangkok Post · Dec 15, 2022
2 Strong Buy Stocks You Should Never Sell The Fed announced a 50-bps rate hike this week, stepping down from its 75-bps raises for four consecutive times. With cooling inflation and reduced interest rate hikes, the economy might succeed in avoiding a recession. However, as the market conditions are expected to remain uncertain with the Fed intending to… StockNews.com · Dec 15, 2022
Interest rates increased to 3.5% by Bank of England in 14-year high to tackle inflation The Bank has raised interest rates once again in a bid to meet its 2% inflation target, with figures this week showing that inflation is currently at 10.7% Chronicle Live · Dec 15, 2022
Federal Reserve slows pace of rate hikes, vows to fight on against inflation The US central bank has raised its benchmark rate to its highest level in 15 years, although at a slower clip than previously. Federal Reserve Chair Jerome Powell argues that while inflation has dipped, it is still too high to warrant a change in monetary policy. Also on the show,… France 24 · Dec 15, 2022
Swiss National Bank hikes key interest rate in line with Fed The Swiss National Bank has raised its key interest rate The Independent UK · Dec 15, 2022
Manchester Evening News · Dec 15, 2022 Bank of England hikes interest rates again to 3.5 percent in new 14 year high It comes as inflation dipped slightly last month to 10.7 percent
Axios · Dec 15, 2022 U.S. rents drop at the fastest rate in 7 years, per Zillow It's another sign that inflation is easing.
Insider UK · Dec 15, 2022 Bank of England raises interest rates to new 14-year high Warnings that further interest rate rises are likely in the coming months to stabilise the economy
Evening Standard · Dec 15, 2022 Bank of England raises interest rates to 3.5% Thousands of London families were dealt a new cost of living blow on Thursday when the Bank of England ordered a 0.5 per cent rise in interest rates to a 14 year high of 3.5 per cent.
The National (Scotland) · Dec 15, 2022 Bank of England raises interest rates to highest level for 14 years THE Bank of England has raised interest rates to their highest level for 14 years, putting further pressure on mortgage holders.
Wales Online · Dec 15, 2022 Mortgage payments up again as interest rates hiked to highest level in 14 years The Bank of England has raised interest rates to 3.5% from 3%
The Independent UK · Dec 15, 2022 Bank of England raises interest rates to 3.5% despite inflation easing Borrowers hit with higher costs as bankers signal UK not out of the woods yet
Daily Mirror · Dec 15, 2022 Interest rates hiked to 3.5% in 14-year high - what it means for your money The base rate - which was already at a 14-year high - has today been increased by 0.5 percentage points, up from 3% and the ninth time in a row the Bank of England has taken action
Daily Mirror · Dec 15, 2022 King Charles forced to increase price of Highgrove Christmas lunches as inflation bites This year the menu for the Highgrove Christmas lunch includes starters of celeriac and truffle soup, venison terrine and cured salmon, mains of roots and chestnut cake as well as braised rib of beef
Evening Standard · Dec 15, 2022 I cannot believe the government is playing politics with our nurses It was about this time last year that I recall saying cheerfully to colleagues at work: “Well at least 2022 can’t be any worse!” This year, I am not repeating that mistake.
Axios · Dec 15, 2022 Fed "straddles the line" between growth, inflation The Fed's predicament on rates can be summed up using an old Duran Duran lyric.