UK Inflation Jolts Up, Puts Pressure on Households and Policymakers.
TL;DR Summary
Markets are betting on one last US interest rate hike later on Thursday, with an 85% chance of a quarter-point increase, but no further rate rise is fully priced for the cycle and at least one rate cut by yearend still remains in the futures strip. Recent banking stress and failures have left the Federal Reserve and other major central banks in the unenviable position of choosing between stabilising financial systems and fighting still historically high inflation. The Bank of England's policy decision on Thursday has been complicated by the shocking news of a re-acceleration of UK inflation last month.
- Morning Bid: Leaning back to Fed hike, UK inflation jolt Reuters
- UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4% CNBC
- Inflation rise puts NI households and businesses under more pressure BBC
- Why is inflation going back up? The Spectator
- Surprise rise in inflation puts households and policymakers alike in a tough spot Evening Standard
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
3 min
vs 4 min read
Condensed
87%
744 → 100 words
Want the full story? Read the original article
Read on Reuters