European stocks close higher after UK CPI release and positive US CPI data
Investing.com – European stock markets closed higher Wednesday, as investors digested cooling UK inflation data, with sentiment improved after the release of CPI data showing a 0.4% increase in December. This increase slightly exceeded November’s 0.3% increase. On an annual basis,
Macquarie expects FOMC to cut rates after US CPI data
Macquarie has reaffirmed its expectation that the Federal Open Market Committee (FOMC) will implement a single 25 basis points rate cut following the latest U.S. consumer price index (CPI) data. The headline CPI in December remained robust, increasing by 0.4% month-over-month,
Latest US sanctions on Russia more serious says Macquarie
Macquarie strategists assessed the latest round of US sanctions, emphasizing their severity compared to previous measures. The sanctions, which target individuals, corporate entities, and assets, including unregistered vessels transporting hydrocarbons, are considered comprehensive and far-reaching in both depth and scope. The
Bank of England official urges swift rate cut amid economic slowdown signs
Investing.com — Alan Taylor, the most recent appointee to the Bank of England’s (BoE) interest rate-setting body, has called for a swift reduction in interest rates in response to indications of an economic slowdown in Britain, according to Reuters, citing
Bank of England’s Taylor says it’s time to cut interest rates
By Andy Bruce LEEDS, England (Reuters) -The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain’s economy, Alan Taylor, the BoE’s most recently appointed interest rate setter, said on Wednesday. Taylor, an economics