The Latest Breaking News from Inflation

FTSE 100’s early promise fades as Bank of England holds rates

The FTSE 100 Index closed down 11.14 points at 10,897.27.

Evening Standard · Jul 30

Why have interest rates stayed the same and what could happen next?

The Bank of England decided to keep rates unchanged at 3.75%, the fifth meeting in a row where rates have been held at this level.

Evening Standard · Jul 30

Interest rates held at 3.75% but Bank prepared to raise them if Iran war goes on

The Bank of England indicated that interest rates could be hiked in response to further re-escalation of the US-Israel’s conflict with Iran.

Evening Standard · Jul 30

US economy expands 1.5% in Q2, misses forecasts despite spending rebound

The US economy expanded at a slower 1.5% pace in the second quarter. Strong consumer spending and AI infrastructure investment supported overall economic activity. Imports surged, significantly weighing down the gross domestic product growth. Inflation showed signs of easing but remained above the Federal Reserve's target. The Federal Reserve kept…

The Economic Times · Jul 30

Drones Over Egypt

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Reason · Jul 30

US economy grows sluggish 1.5% in second quarter as inflation tops Fed target

Consumer spending remained resilient even as policymakers kept interest rates on hold

The Guardian - US · Jul 30

The Economy Grew Less Than Expected In Q2. Core Inflation Also Remained Above The Key 2% Target

The U.S. economy grew 1.5% in the second quarter, less than expected. Inflation stood at 3.3%, in line with estimations.

International Business Times · Jul 30

Bank of England policymakers keep rates on hold but more back hike

The Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possible hike amid rising tensions in the Middle East. With inflation expected to touch 3.2 percent later this year, projections indicate that rates will stay above target until…

The Economic Times · Jul 30

Inflation rose 3.7% last month – way above its target, fueling more public frustration

The Federal Reserve opted to keep its benchmark interest rate unchanged for the fifth consecutive meeting on Wednesday

The Independent UK · Jul 30

UK bond yields and sterling dip after BoE holds rates steady

In a move consistent with expectations, the Bank of England has kept interest rates steady at 3.75 percent. They noted domestic conditions are helping to alleviate inflationary pressures. Following this update, there were minor decreases in UK bond yields and the pound. Inflation is anticipated to climb to 3.2 percent…

The Economic Times · Jul 30