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A rapid interest rate rise seems inevitable – and households are expected to pick up the tab

Raising borrowing costs too far risks laying waste to whatever growth there is in the economy A head of steam is building up behind the Bank of England raising interest rates again. With the latest forecasts by the central bank showing inflation rising to 5% next spring, another increase in the cost of borrowing seems inevitable, and may come as soon as next…

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Fed's Jefferson says he is taking his policy cues from inflation

Federal Reserve Vice Chair Philip Jefferson emphasized inflation as the main factor in determining monetary policy. He highlighted that economic growth and a stable labor market have been observed. Jefferson indicated that upcoming adjustments to policy should rely on data trends and the evolving economic outlook. Concerns about artificial intelligence displ…

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The US consumer may be hitting a wall. A look at eight indicators

The old addage is: Never underestimate the spending power of the US consumer. That stance has been a remarkably good one for traders. Time after time, Americans have dug into their pockets and kept the economy churning. But never say never. San Francisco Fed President Mary Daly was just out with a comment, highlighting that she's "just starting to hear the c…

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investingLive European session wrap: Wall Street eyes a rebound but rising Treasury yields keep traders on edge

Headlines: Wall Street steadies despite Nvidia drama but dip buyers are still walking a tight rope US bond market cracks resurface as higher for longer fears return to haunt Wall Street Higher real yields and stronger US dollar weigh on gold as Trump puts Iran deal in jeopardy Japan prime minister Takaichi fires another verbal warning as USD/JPY flirts with…

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Eurozone Q3 GDP unchanged in second estimate as uneven growth clouds the outlook

Eurozone Q3 GDP second estimate +0.4% vs +0.4% q/q prelim Prior +0.6% Eurozone Q3 GDP second estimate +1.3% vs +1.3% y/y prelim Prior +1.2% There are no changes to the initial estimates as the euro area economy holds up in Q3. As a reminder, expectations were for a growth of just 0.2% on the quarter on the initial report. So, the second estimate here mainly…

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