UK inflation up at 2.9%

UK inflation up at 2.9% According to the Office for National Statistics (ONS) UK inflation is 2.9% in August up from 2.6% in July. The UK inflation target is: 2% Visit The Office for National statistics (ONS) here.  


European Central Bank (ECB) September 2017 meeting

European Central Bank (ECB) September 2017 meeting Summary European Central Bank (ECB) leaves rates and bond-buying programme unchanged. Mario Draghi said Eurozone interest rates will remain at current levels for an extended period of time and well past the horizon of net asset purchases. It appears that now is not …


US data reduces chance of early rate rise

US data reduces chance of early rate rise Recent data released from the Commerce Department shows US consumer spending rose less than expected in July. Inflation increased at its slowest rate since 2015. Investors expectations are that the Federal Reserve may delay raising interest rates until December 2017. Will they, …


Central bankers head to Jackson Hole

Central bankers head to Jackson Hole. Federal Reserve chair, Janet Yellen and European Central Bank President, Mario Draghi et al, will be meeting this Friday to make their eagerly anticipated speeches at Jackson Hole. Debate about QE roll back, interest rates and inflation will presumably take centre stage. The US …


Markets fall

Markets fall Wall Street’s market fall yesterday was closely followed down by Asian stocks on Friday. A number of collective incidents have led to this current market fall. Markets were already under pressure on Thursday as news of Donald Trump’s handling of the unrest in Charlottesville became clear. Reactions to …


Inflation concerns drag on US stocks

Inflation concerns drag on US stocks. The DOW Jones Industrial Average is falling and is under pressure today. Investors are likely to be concerned about comments made by the Federal Open Market Committee (FOMC) in its July meeting. Minutes released recently cast some concern over rising inflation. Also, the fallout …


Super Thursday

Super Thursday At midday today the Bank of England (BOE) will announce its interest rate decision, latest inflation report and release minutes of the monetary policy meeting. I don’t intend to guess the outcome – I’ll leave that to the clever guys, you know – the analysts who never get …