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The Latest Breaking News from Pantheon Macroeconomics

UK interest rates set to be held at 4.75% after inflation rises again

The Bank of England will announce the results of its next policy decision on Thursday.

Evening Standard

US Retail Sales Slow In October After Hurricanes

Analysts noted that devastating hurricanes in recent months likely disrupted consumption after the government data were released Friday.

International Business Times

UK economy flatlines in July for second month running

THE UK economy flatlined in July for the second month in a row, according to the latest official figures, as the Chancellor said she is “under no…

The National (Scotland)

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Consumers tapping out amid sticky inflation and slowing job market

The U.S. economy relies on a healthy consumer for the bulk of its growth, but spending is starting to slow into the summer months.

The Street

UK Consumer Inflation Rate Unexpectedly Decreases In November

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

International Business Times UK

US Home Sales Edge Up In November But Still Gloomy

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity.

International Business Times

Average UK house price £14,500 lower in September than a year earlier

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

The Independent UK

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Housing market affordability is so out of whack that 'the bulk of the drop in home prices is yet to come', says Pantheon Macroeconomics

Pantheon Macroeconomics: "We are baffled by the emerging narrative in the commentariat that housing is now recovering, because it isn’t."

Fortune

US private hiring up unexpectedly in April but pay gains slow: ADP

Washington (AFP) - US private sector employment heated up unexpectedly in April, according to data released by payroll firm ADP on Wednesday, although pay gains slowed rapidly as well.

AFP

Mortgage approvals to home-buyers increase for first time in six months

Some 43,500 mortgages were approved for house purchase in February, up from 39,600 in January, according to Bank of England figures.

People

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Office for National Statistics

Nationwide Building Society

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