Powell Warns: High Inflation to Delay Rate Cuts
Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.
Category : Search result: inflation warning
UK Inflation Stuck at 3.8% in August
New ONS data reveals UK inflation remained stubbornly high at 3.8% in August, dashing hopes of a drop and piling pressure on the Bank of England. We break down the key drivers and what it means for your wallet.
UK Inflation Holds Steady at 3.8% in July
UK inflation remained unchanged at 3.8% in July, defying expectations of a fall. The surprise hold puts pressure on the Bank of England and impacts household budgets amid the cost of living squeeze.
UK Inflation Plunges to 2.3%, Nearing BoE Target
In a dramatic shift, UK inflation has fallen to its lowest level in nearly three years, hitting 2.3% in April. This brings it tantalisingly close to the Bank of England's 2% target, putting a summer interest rate cut firmly on the table. Discover what thi
UK inflation holds at 3.8%, Reeves faces budget warning
UK inflation remains stubbornly high at 3.8% in September, posing significant challenges for Chancellor Rachel Reeves as she faces warnings of a £24 billion budget shortfall and tough economic decisions ahead.
RBA: Cost-of-living pain to continue through 2024
The Reserve Bank of Australia issues a sobering alert that the cost-of-living crisis is far from over, with persistent high inflation and interest rates set to continue pressuring family budgets well into the new year.
UK Food Inflation Could Hit 15% This Summer
Shoppers across the UK face a severe cost of living squeeze as new analysis warns grocery inflation could surge to 15% this summer, adding hundreds of pounds to annual food bills.
UK Food Inflation Soars Above Germany and Spain
Exclusive analysis reveals UK food inflation is significantly higher than in Germany, Spain, and France, placing immense strain on British households and raising questions about post-Brexit trade impacts.
New York's $475m Inflation Refund: Claim Your Payment
Thousands of New York residents are eligible for a one-off inflation refund payment from a $475 million pot. Find out if you qualify for the cash boost and how to claim it.
Jamie Dimon's Chilling Economic Warning
JPMorgan Chase CEO Jamie Dimon has delivered a sobering assessment of the global economy, warning of a 'hard landing' and potential stagflation. The banking titan's comments signal turbulent times ahead for markets, interest rates, and government spending
US Inflation Outpaces Wages, Census Data Reveals
Fresh US Census data reveals a concerning economic trend: while median household income has dipped, inflation continues to erode purchasing power, creating a financial strain for American families.
Foreign Office Issues Travel Warning for 20 Destinations
The UK Foreign Office has updated its travel advice for a significant number of countries, including holiday favourites Spain, Italy, and France. Here's the full list of destinations and the specific risks you need to know about before you book.
London's Food Inflation Soars to 9.6%, Outpacing UK Average
Exclusive data reveals London's food inflation is significantly higher than the UK average, with major supermarkets facing accusations of profiteering. Discover which boroughs are hardest hit and why.
Met Office Amber Warning: 70mph Storm Threatens UK
The Met Office has escalated its weather warning to amber as a severe storm packing 70mph winds threatens widespread travel chaos, power cuts, and structural damage across the UK. Residents are urged to prepare for disruption.
UK Summer Air Fares Soar Amid Inflation Surge
Official figures show a dramatic surge in UK air fares this summer, with prices skyrocketing due to persistent inflation and soaring jet fuel costs. Discover what's driving the increase and how it's affecting holidaymakers.
UK Food Inflation Crashes to 18-Month Low
In a major relief for households, UK food inflation has dropped to its lowest level since January 2023. We break down which grocery prices are falling fastest and what it means for your weekly shop.
UK Retail Sales Crash Amid Soaring Inflation
New data reveals a sharp decline in UK retail sales, with like-for-like growth turning negative. Soaring food inflation and the cost-of-living crisis are forcing consumers to cut back severely on non-essential spending.
UK Amber Weather Warning: 'Danger to Life' as Storms Hit
The Met Office has escalated its weather warning to amber as a severe storm system threatens 'danger to life' from flying debris and coastal devastation across the UK. Travel chaos and major disruptions expected.
UK Food Inflation: The Shocking Reasons Prices Are Still High
New analysis reveals the complex mix of global and domestic factors, from climate change to Brexit, that are keeping UK food inflation stubbornly high and squeezing household budgets.
UK Inflation Rises, Halting Bank of England Rate Cuts
UK inflation unexpectedly jumped to 2.3% in July, dashing hopes for an August interest rate cut. Soaring air fares and rising clothing costs are blamed, putting the Bank of England's next move under intense scrutiny.
UK Inflation Rises to 2.5%, Dashing Rate Cut Hopes
In a fresh blow to household budgets, UK inflation rose to 2.5% in April, driven by soaring energy bills and stubborn service costs. The surprise jump dashes hopes for an imminent Bank of England interest rate cut, prolonging the cost-of-living squeeze fo
Freddo chocolate prices leap 400% since the 1990s
The iconic Freddo chocolate bar, once a childhood staple, has seen its price skyrocket over the years. Discover the surprising history behind this sweet treat's inflation.
A-Level grade inflation drops as exams return to normal
This year's A-Level results show a significant drop in grade inflation, with pass rates returning to pre-pandemic levels. Find out how students and schools are reacting.
Trump tariffs boosted inflation, Yale study finds
A new Yale analysis shows that Donald Trump's trade tariffs failed to boost US manufacturing jobs and instead raised consumer prices, contributing to inflation.
Christmas dinner costs soar due to inflation
Rising food prices are making this year's festive feast the most expensive yet, with families facing steep increases for traditional Christmas dinner staples.
Supermarkets cut prices on 1,000+ essentials
Major UK supermarkets are cutting prices on over 1,000 everyday items in a fierce battle for shoppers. Find out which essentials are getting cheaper and how this could affect your weekly shop.
NI tax hike could drive up food prices, warns Rachel Reeves
Shadow Chancellor Rachel Reeves raises alarm over potential food price surges due to National Insurance tax changes, urging government action.
UK families face £290 annual food bill increase
New research reveals that UK households could see their annual food bills rise by £290 as inflation and supply chain issues push prices higher. Experts warn of growing financial strain on families.
BoE holds rates at 5.25% amid inflation fight
The Bank of England's Monetary Policy Committee has voted to keep interest rates unchanged at 5.25%, as inflation remains stubbornly high. Governor Andrew Bailey signals caution despite economic pressures.
Bank of England holds rates at 5.25%
The Bank of England has kept interest rates unchanged at 5.25% for the sixth consecutive time, as policymakers weigh persistent inflation against economic growth risks.
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