Debt ceiling bill prompts relief rally but comes with a long-term impact
The legislation raises the borrowing limit until January 2025
Macro News
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Weekly outlook: Ocado at risk of relegation to FTSE 250
Key events for UK wealth managers for the week starting 29 May
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US risks downgrade as debt ceiling ‘brinkmanship’ worries Fitch
Ratings agency highlighted governance as a weakness compared to ‘AAA’ peers
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Weekly outlook: ONS to reveal UK inflation numbers and Close Brothers report
Key events for UK wealth managers for the week starting 22 May
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Bank of England ‘in an increasingly tight spot’ as it raises rates again
The MPC lifted the base rate by 0.25% to 4.5% today, as expected
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Investors banking on last night’s Fed rate hike being the last
Jerome Powell is balancing inflation concerns with fears over banks and a recession
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Weekly outlook: US GDP growth set to slow
Key events for UK wealth managers for the week starting 24 April
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Weekly outlook: ONS to reveal UK inflation data and Netflix reports
Key events for UK wealth managers for the week starting 17 April
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Economic growth stalls in February as strikes take a toll
Flatlining economy adds to likelihood interest rates have peaked
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Case for Fed pause ‘strengthening’ as inflation slows to 5% in March
Though commentators warn its too early to declare victory with another 25bps rate rise likely
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Slowing wage growth complicates economic picture ahead of the Budget
Wages grew 5.7% over the three months to January versus 6% last month
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Weekly outlook: Chancellor to deliver spring budget
Key events for UK wealth managers for the week starting 13 March
