BoE MPC member Catherine Mann explained her notable policy shift during an interview with CNBC, revealing why she moved from backing a 50bps rate cut in February to voting for a hold at last week’s meeting. Mann cited the UK labor market’s resilience as a key factor in her reassessment. While recent data suggest some […]
The post BoE hawk Mann: Labor market resilient, and firms yet to lose pricing power appeared first on Action Forex.
Craft breweries have faced difficulties over the last two years generating profits and avoiding financial distress. A combination of increased labor and product costs driven by inflation, rising interest rates on debt, and consumers’ changing Read more…
Chicago Fed President Austan Goolsbee cautioned against overinterpreting April’s softer inflation data, noting on NPR that it’s still too early to gauge the true impact of rising US import tariffs. While recent consumer price figures Read more…
People who eat special diets seem to have a blind spot when it comes to what other people want to eat. For many years, for example, I ate gluten-free, thinking that gluten was causing me Read more…