Fed’s rate cut in the balance ahead of US inflation figures September 8, 2024 The figures come out a crucial time with the Fed preparing to cut interest rates for the first time since the pandemic.
Traders up bets on 50 basis point cut as US labour market continues to loosen September 5, 2024 August's rate of job growth was the slowest since January 2021 and was down from 110,000 the month before.
Construction sector ‘turns a corner’ as housebuilding jumps September 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said the recovery in housebuilding was the "most notable development" in August.
Bank of England should take ‘measured approach’ to interest rate cuts after balanced survey September 5, 2024 The Bank of England’s survey covers prices charged across the whole economy, not just in consumer-facing firms.
UK unlikely to move into ‘fast lane’ despite surprisingly strong growth this year September 5, 2024 The British Chambers of Commerce (BCC) has lifted its growth forecasts for the economy this year, but remained doubtful that the UK would move into the “fast lane” any time soon. The business group’s latest quarterly projections suggest the UK will grow 1.1 per cent this year, an upgrade on its previous estimate of 0.8 [...]
Are the super-rich running out of road? September 4, 2024 As more western governments look at ways to increase taxes for the ultra-rich, Ali Lyon asks whether it will work
UK set to be the ‘standout performer’ among major economies September 4, 2024 Analysts at Panmure Liberum think the UK will be the “standout performer” among major economies in the months to come with firms set to benefit from strengthening domestic demand. In a note published this morning, the City brokerage discussed its early cycle indicator (ECI), a tool for predicting how economies are likely to perform over [...]
Services firms benefit from post-election stability and rosy economic outlook September 4, 2024 The survey put activity in the services sector at its fastest pace since April, extending the current period of growth to ten months.
Labour can’t resist flirting with economic populism September 4, 2024 Keir Starmer’s closest advisors spent last week briefing journalists that this government would be straight with people, and that it would reject the “fake populism” of the Tories which, they claim, raised people’s hopes before disappointing them. Labour figures said that the Prime Minister’s doom-laden introduction to the country was more responsible than attempting to [...]
Why home working might be damaging London’s economy September 4, 2024 Londoners have been slower to return to the office after the pandemic than workers in many large cities around the world. This really matters, and not just for London.