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UK public sector borrowing starts the new fiscal year on a slightly brighter note

Borrowing in the new fiscal year is so far running lower than forecast. But unrealistic spending plans going forward mean the next government faces a fiscal 'pandora's box' of tax rises and/or borrowing more if already creaking public services are not to be cut back further.

21 Jun 2024, 14:11
UK public sector borrowing starts the new fiscal year on a slightly brighter note

US inflationary pressures continue to weaken in May

Today's CPI numbers will encourage the markets to believe that inflationary pressures are once again on a weakening path. But the Fed is still likely to signal this evening that more such data will be needed before it will counter cutting interest rates.

12 Jun 2024, 14:10
US inflationary pressures continue to weaken in May

US employment report once again surprises on the topside

Today's US employment report once again painted a picture of enduring strength. But signs of weakness are growing, leaving open the prospect for one or more interest rate cuts to still be delivered this year.

7 Jun 2024, 15:18
US employment report once again surprises on the topside

PCE numbers confirm easing inflation, but the Fed remains cautious on rate cuts

But while providing assurance to the Fed that inflationary pressures remain on a downwards path, further evidence of this will be needed before the FOMC will commit to cutting interest rates.

31 May 2024, 15:17
PCE numbers confirm easing inflation, but the Fed remains cautious on rate cuts

UK April CPI: Stubborn services inflation delays BoE rate cuts

Despite both the headline and core rates moving lower, stubborn services sector pricing derails hopes of a June interest rate cut.

22 May 2024, 11:54
UK April CPI: Stubborn services inflation delays BoE rate cuts

Ethereum price skyrockets amid spot ETF approval speculation

Ethereum's price surged to a two-month high of $3,700 as analysts significantly increased the likelihood of U.S. approval for spot Ethereum ETFs amidst potential political pressure on the SEC.

21 May 2024, 13:54
Ethereum price skyrockets amid spot ETF approval speculation

Softer CPI and retail sales numbers from the US put a September rate cut back in play

A sigh of relief in the markets as the CPI numbers came in on the soft side, although the weak retail sales numbers will be of concern.

15 May 2024, 14:56
Softer CPI and retail sales numbers from the US put a September rate cut back in play

Bank of England continues to lean towards a more dovish stance

Despite today's decision to keep interest rates on hold, numerous signals were presented to suggest monetary easing may not be far away.

9 May 2024, 13:46
Bank of England continues to lean towards a more dovish stance

UK consumers still reluctant to spend despite improving economic background

Despite rising disposable incomes, UK consumers remain reluctant spenders, possibly in anticipation of an expected higher tax burden to come.

7 May 2024, 09:41
UK consumers still reluctant to spend despite improving economic background

FOMC message is that rate cuts remain on the table, but with less certainty on when they will ultimately be delivered

In the meantime, market 'buy-in' to the Fed's message is showing signs of weakening

2 May 2024, 11:21
FOMC message is that rate cuts remain on the table, but with less certainty on when they will ultimately be delivered