U.K. inflation falls to Bank of England’s 2% target rate
Conservative Party seizes on news as proof its economic plan is working
- By: Pan Pylas, The Associated Press
- June 19, 2024 June 19, 2024
- 07:48
Conservative Party seizes on news as proof its economic plan is working
Wages still rising despite waning labour demand, StatsCan reports
Retail sales rose below the pace that economists projected
Trend could reverse given lower interest rates
Services inflation is running hot, while goods disinflation is set to slow, NBF says
Offshore investing in bonds hit highest level since pandemic
Rate cuts remain data dependent as growth cools, recession avoided
Macro and sector-specific factors favour a rebound in North American deals
Research suggests that further slack is needed to bring inflation back to target
Total account assets hit $2.8 billion in 2023, based on CRA data
The central bank is working to rebuild trust with the public and be transparent in how it works
The four-week average of claims, which softens some of the week-to-week volatility, rose to 227,000
There was $1.76 in credit market debt for every dollar of household disposable income in Q1
Bonds, foreign equities and infrastructure offset weakness in real estate
Officials say there's been “modest further progress” toward the 2% inflation target
About 24% of people surveyed said there are substantial problems or even private market failures
The longer the Fed keeps borrowing costs high, the more it risks weakening the economy too much
Bets are now leaning toward a first cut in September in the U.S.
Strength of U.S. economy will support global growth of 2.6% this year
Weakening economy and high interest rates push businesses to rein in hiring
Corporate and government borrowing hits highest level since pandemic