UK inflation falls below rate in US
UK inflation has fallen to its lowest level since September 2021 and, for the first time in two years, dropped below rates in America.
UK inflation has fallen to its lowest level since September 2021 and, for the first time in two years, dropped below rates in America.
On this side of the Atlantic, there is a very real threat of knock-on effects.
The current mood in Britain wouldn’t suggest so. But an excessive focus on short-term indicators may obscure the bigger picture.
While the Federal Reserve is now expected to pause its monetary tightening, the picture isn’t so rosy this side of the Atlantic.
Still, inflationary pressure remains – and the US growth outlook for 2023 is worrying.
Cebr expects the Federal Reserve to implement just one more rate hike, before halting its course of monetary tightening.
The centre of attention will be the US dollar itself which you might recall is on the retreat from its October highs.
Daily Briefing: Price rises have eased for the seventh consecutive month but America’s inflationary dragon is far from slain.
US inflation and a Chinese real estate crisis are threatening the world’s two largest economies.
Subscribe to Reaction and receive unlimited access to the site, our daily email with analysis every evening and invites to online events.
© Copyright 2024 Reaction Digital Media Limited – All Rights Reserved. Registered Company in England & Wales – Company Number: 10166531.