Summary The U.K. economy is displaying increasingly divergent trends. CPI inflation has continued to trend higher, reaching 5.4% year-over-year in December, and could peak as high as 6.5% to 7.0% before inflation begins to recede. In contrast, U.K. activity growth is likely to experience temporary softness around the turn of the year related to a […]
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The Federal Reserve’s preferred measure of inflation edged higher in October, data indicated Wednesday, thanks in part to an ongoing boom in consumer spending that is challenging the central bank’s effort to tame price pressures. Read more…
U.S. personal income grew by 0.6% mom in October, exceeding market expectations of a 0.3% mom rise, with a total increase of USD 147.4B. Personal spending also climbed, rising 0.4% mom or USD 72.3B, aligning Read more…