BoE raises Bank rate by 50bps to 2.25% as widely expected. The voting was not unanimous, with five MPC members Andrew Bailey, Ben Broadbent, Jon Cunliffe, Huw Pill, and Silvana Tenreyro, voted for the decisions. Three members, Jonathan Haskel, Catherine L Mann and Dave Ramsden voted for 75bps hike. One member, Swati Dhingra, voted or […]
The post BoE hikes 50bps, 3 members want 75bps, one want 25bps appeared first on Action Forex.
US inflation data for January presented a mixed picture, with price pressures remaining firm even as the headline annual pace eased slightly. The headline PCE price index rose 0.3%om, while the core measure—which excludes food Read more…
Canada’s labor market suffered a sharp setback in February, with employment plunging by -83.9k, far worse than expectations for a modest gain of around 10k. The decline marks a significant deterioration in labor conditions. The Read more…
Wegovy costs $1,350 a month without insurance, and Zepbound runs $1,086. If you’re on Medicare, you’ve either been paying those prices out of pocket or going without. This is because federal law has barred Medicare Read more…