US inflation: Upside surprise ‘very uncomfortable’ for the Fed
US CPI rose to 3% in January, while core inflation also ticked up to 3.3%
Macro News
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Bank of England cuts interest rates to 4.5%
FTSE rose to a record high this morning on expectations of the 25 basis points cut
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Global markets fall as Trump tariffs spark trade war concerns
Equity markets have fallen in the wake of US tariffs on China, Canada and Mexico
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ECB cuts interest rates to 2.75% as central banks diverge
Follows the Federal Reserve’s decision to hold the Fed Funds rate at 4.25-4.5%
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US bond market to ‘stay under pressure’ as US Federal Reserve holds rates
The decision to hold interest rates at 4.25-4.5% comes one week after US President Trump demanded a rate cut
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Chancellor labels net zero the ‘industrial opportunity of the 21st century’
In a major speech to business leaders, Reeves reiterated the government’s backing for net zero schemes
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Bank of Japan raises interest rates to 0.5%
Core inflation rose 3% in December, compared to the previous year
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Core US inflation undershoots expectations in ‘relief’ to policymakers
Headline inflation rose to 2.9% in December
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Bank of England holds interest rates at 4.75%
Industry commentators turn their focus to the possible trajectory for interest rates in 2025
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Fed lowers expectations to two rate cuts in 2025
Federal Reserve lowered interest rates by 25 basis points at the latest FOMC meeting
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Inflation rises to 2.6% as fuel prices mount
The Consumer Price Index rose yet again in November as fuel costs increased, making an interest rate cut unlikely
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UK unemployment rates remains unchanged at 4.3%
Salaries excluding bonuses increased by 5.2% between August and October this year