UK inflation jumps to 3% as transport and food prices surge
UK inflation surged to 3% in January, surpassing forecasts, with rising transport and food costs fueling the increase, according to the Office for National Statistics....
Tag : Inflation
Fed faces tough choices as egg prices soar amid shortages
Egg prices have surged 53% in a year, fueling inflation fears and complicating the Fed’s strategy as consumers react to the sharp increase amid an ongoing avian flu outbreak....
UK firms to slash jobs as tax hikes and costs squeeze margins
UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an uncertain economic climate....
Bitcoin drops 7.3% since Trump’s inauguration amid weak sentiment
Bitcoin slipped 0.8% to $96,197 on Monday, extending its 7.3% decline since Trump’s inauguration as investors watch for U.S. policy shifts and Federal Reserve decisions....
EU to resist US tariffs as Trump pushes for reciprocal trade policy
The European Commission opposes Trump’s reciprocal trade policy, warning it could disrupt markets, fuel inflation, and harm businesses, vowing to protect EU industries from unfair tariffs....
U.S. Treasury yields drop despite stronger-than-expected inflation data
Treasury yields declined despite inflation data exceeding forecasts. Investors focused on upcoming Fed signals as markets awaited the PCE index to gauge inflation trends and policy shifts....
Wall Street tumbles as CPI report dampens interest rate optimism
U.S. stocks tumbled Wednesday after inflation data exceeded forecasts, raising fears of delayed rate cuts. The CPI report fueled uncertainty, sending the Dow, S&P 500, and Nasdaq lower....
Gold price hits new all-time high amid macro uncertainties
Gold hits a record high at USD 2,607/oz, reflecting over 25% gains YTD, driven by geopolitical tensions, USD diversification, and macroeconomic uncertainty....
Chinese Yuan hits record lows against surging US dollar
The yuan has hit new record lows against the surging US dollar, with the internationally-traded yuan reaching its lowest point since 2011 and China’s domestic currency hitting its weakest level since the 2008 global financial crisis. This depreciation comes as the dollar continues to rise against other major currencies due......
Gold prices hold steady near one-year high as Fed rate pause looms
Gold prices remained close to one-year highs on Friday, fueled by recent US economic data that suggested the Federal Reserve may be nearing the end of its rate-hiking cycle. This drove non-yielding bullion towards a second consecutive weekly increase. Spot gold was last down 0.78% at $2,023.77 per ounce, with......