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Showing stories tagged #inflation — clear filter
🌰 Fresh stash
The Bank of England is expected to hold interest rates despite forecasts of rising inflation, while the US Federal Reserve raised rates by 0.25% against President Trump's opposition. Japan's central bank increased rates to a 31-year high of 1.25% to combat global inflation.
🐿️ Squirrels should stash nuts now because rising rates mean higher mortgage costs and better savings returns, so adjust your financial burrow accordingly.
Global stock markets advanced ahead of the U.S. Federal Reserve's interest rate decision, while the International Monetary Fund urged Australian governments to cut spending due to rising debt and inflation. The IMF also downgraded Australia's economic growth forecast, warning.
🐿️ Central banks are still fighting inflation, and markets are pricing in more tightening despite recent relief rallies.
The US Federal Reserve raised interest rates for the first time in three years in a unanimous decision, overruling President Trump's call for a cut. UK wage growth slowed to 3.9% amid an Iran-driven cost of living squeeze, ahead of the Bank of England's next rate decision.
🐿️ The Fed's hike is a bold stash move, but the UK's slowing wage growth suggests the Bank of England might hold off on its own nut-gathering for now.
The US 10-year Treasury yield reached 5.04%, its highest level since 2007, before easing back. This surge in borrowing costs reflects market concerns about inflation and government debt.
🐿️ This yield spike is a warning that the era of cheap money is over, and consumers will feel the pinch through higher mortgage and auto loan rates.
Oil prices surged to $105 a barrel, with Brent crude exceeding $106, as Middle East hostilities escalate and Houthi forces threaten the Bab el-Mandeb strait. Borrowing costs also rose amid fears of prolonged conflict impacting global supply chains.
🐿️ Hoard sunflower seeds now because $5 gas is coming and your winter nut budget will crack.
Brent crude rose 2.1% above $100 per barrel for the first time since July 2026, following renewed US-Iran attacks in the Gulf and Houthi strikes on Saudi cities. The Guardian reports the milestone was triggered by escalating Middle East war fears disrupting global supply.
🐿️ At the pump, expect a painful jolt as this conflict-driven jump in crude prices rolls into retail gas costs.
Investors are watching new Fed chair Kevin Warsh at the Jackson Hole summit as markets look for guidance on inflation and interest-rate policy. Analysts say his first major speech could reset expectations for bonds and equities through the rest of 2026.
🐿️ Warsh's first Jackson Hole is a high-wire act: one hawkish word could spook markets already jittery about Trump's tax cuts and spending.
Prime Minister Andy Burnham is pushing to reduce the Treasury's control over economic policy while pledging to end rough sleeping by Christmas. Meanwhile, UK inflation rose to 2.9% in July, threatening his cost-of-living plans.
🐿️ Burnham's promise to end homelessness by Christmas is audacious, but rising energy bills and Treasury resistance could derail his entire agenda.
