Newsnero
No Result
View All Result
  • Home
  • Business
    The sell-off could be headed for another leg down as too bullish analysts are forced to cut numbers

    The sell-off could be headed for another leg down as too bullish analysts are forced to cut numbers

    Top Wall Street analysts say buy Costco & Cigna

    Tips to get your scooter driving license as quick as possible

    These materials were meant to revolutionize the solar industry. Why hasn’t it happened?

    Tips for the best Movers

    Former Miami Heat all-star Dwyane Wade shares his advice on managing money

    Former Miami Heat all-star Dwyane Wade shares his advice on managing money

  • Economy
    Time trickles away for a success at the WTO

    Time trickles away for a success at the WTO

    Portugal pledges to cut debt as borrowing costs rise

    Portugal pledges to cut debt as borrowing costs rise

    Pessimism engulfs the Chinese economy as foreign investment fades

    Pessimism engulfs the Chinese economy as foreign investment fades

    BoE chief economist warns on UK’s strong ‘inflationary momentum’

    BoE chief economist warns on UK’s strong ‘inflationary momentum’

  • Entertainment

    Kim Kardashian sues for protection order over threats

    ‘It only gets better’: Sylvester Stallone and his wife Jennifer Flavin celebrated their 25th wedding anniversary

    Kim Kardashian appeared in front of fans in a dressing gown and without makeup

    Travis Scott contributes $1 million to black students after deadly stampede

    Travis Scott contributes $1 million to black students after deadly stampede

  • Health
    Polygon raises $3.6M for virtual learning difference evaluations

    Polygon raises $3.6M for virtual learning difference evaluations

    Sleepio becomes first digital therapeutic to receive NICE guidance

    Sleepio becomes first digital therapeutic to receive NICE guidance

    Doximity reports nearly $344M in revenue for fiscal 2022

    Doximity reports nearly $344M in revenue for fiscal 2022

    Sidekick and Pfizer launch digital therapeutics solution for Atopic Dermatitis

    Sidekick and Pfizer launch digital therapeutics solution for Atopic Dermatitis

  • Life Style
    Kimone Peart Fast-Rising Fashion Model And Influencer

    Kimone Peart Fast-Rising Fashion Model And Influencer

    How Bitcoin mining devastated this New York town

    Scooter Driving License and the change of the rules in area

    Do you want to sell used Designer Bags?

    Do you want to sell used Designer Bags?

    Why Should A House Owner Choose An Eco-Friendly Painting?

    Why Should A House Owner Choose An Eco-Friendly Painting?

  • Politics
    Putin Fuels Ruble Illusion As Forecasters Say Biden Sanctions Push Russia Toward Deep Recession

    Putin Fuels Ruble Illusion As Forecasters Say Biden Sanctions Push Russia Toward Deep Recession

    Pathological Liar Kellyanne Conway Claims Trump Thought About Quitting After Access Hollywood Tape

    Pathological Liar Kellyanne Conway Claims Trump Thought About Quitting After Access Hollywood Tape

    WSJ Editorial Notes The Danger Of Having Trump Involved In Primary Process, But Ignores Danger To Democracy

    WSJ Editorial Notes The Danger Of Having Trump Involved In Primary Process, But Ignores Danger To Democracy

    House Republicans Claim They Only Offered Family Tours On The Eve Of 1/6 Attack

    House Republicans Claim They Only Offered Family Tours On The Eve Of 1/6 Attack

  • Sports
    ‘One of the most dangerous plays I’ve ever seen’

    ‘One of the most dangerous plays I’ve ever seen’

    Lakers legend Magic Johnson ‘speechless’ after uninspiring loss to shorthanded Trail Blazers

    Lakers legend Magic Johnson ‘speechless’ after uninspiring loss to shorthanded Trail Blazers

    Odell Beckham Jr. reveals how close he was to signing with the Patriots after Bill Belichick recruitment

    Odell Beckham Jr. reveals how close he was to signing with the Patriots after Bill Belichick recruitment

    WTA still have ‘concerns’ for Peng Shuai, call for sexual assault investigation

    WTA still have ‘concerns’ for Peng Shuai, call for sexual assault investigation

  • Technology
    The hype around DeepMind’s new AI model misses what’s actually cool about it

    The hype around DeepMind’s new AI model misses what’s actually cool about it

    The baby formula shortage has birthed a shady online marketplace

    The baby formula shortage has birthed a shady online marketplace

    These materials were meant to revolutionize the solar industry. Why hasn’t it happened?

    These materials were meant to revolutionize the solar industry. Why hasn’t it happened?

    5G private networks enable business everywhere

    5G private networks enable business everywhere

  • World
    Vladimir Putin underwent successful cancer surgery last week, it is claimed

    Vladimir Putin underwent successful cancer surgery last week, it is claimed

    Ukraine war. Ex-Russian commander says it is ‘meaningless to hope for victory’ in Donbas

    Ukraine war. Ex-Russian commander says it is ‘meaningless to hope for victory’ in Donbas

    President Zelensky says Russian forces have ‘completely destroyed’ Donbas region of Ukraine

    President Zelensky says Russian forces have ‘completely destroyed’ Donbas region of Ukraine

    Animals covered in gaping wounds lie in filthy cages in shocking footage from Bulgarian mink farm

    Animals covered in gaping wounds lie in filthy cages in shocking footage from Bulgarian mink farm

Contact Us
  • Home
  • Business
    The sell-off could be headed for another leg down as too bullish analysts are forced to cut numbers

    The sell-off could be headed for another leg down as too bullish analysts are forced to cut numbers

    Top Wall Street analysts say buy Costco & Cigna

    Tips to get your scooter driving license as quick as possible

    These materials were meant to revolutionize the solar industry. Why hasn’t it happened?

    Tips for the best Movers

    Former Miami Heat all-star Dwyane Wade shares his advice on managing money

    Former Miami Heat all-star Dwyane Wade shares his advice on managing money

  • Economy
    Time trickles away for a success at the WTO

    Time trickles away for a success at the WTO

    Portugal pledges to cut debt as borrowing costs rise

    Portugal pledges to cut debt as borrowing costs rise

    Pessimism engulfs the Chinese economy as foreign investment fades

    Pessimism engulfs the Chinese economy as foreign investment fades

    BoE chief economist warns on UK’s strong ‘inflationary momentum’

    BoE chief economist warns on UK’s strong ‘inflationary momentum’

  • Entertainment

    Kim Kardashian sues for protection order over threats

    ‘It only gets better’: Sylvester Stallone and his wife Jennifer Flavin celebrated their 25th wedding anniversary

    Kim Kardashian appeared in front of fans in a dressing gown and without makeup

    Travis Scott contributes $1 million to black students after deadly stampede

    Travis Scott contributes $1 million to black students after deadly stampede

  • Health
    Polygon raises $3.6M for virtual learning difference evaluations

    Polygon raises $3.6M for virtual learning difference evaluations

    Sleepio becomes first digital therapeutic to receive NICE guidance

    Sleepio becomes first digital therapeutic to receive NICE guidance

    Doximity reports nearly $344M in revenue for fiscal 2022

    Doximity reports nearly $344M in revenue for fiscal 2022

    Sidekick and Pfizer launch digital therapeutics solution for Atopic Dermatitis

    Sidekick and Pfizer launch digital therapeutics solution for Atopic Dermatitis

  • Life Style
    Kimone Peart Fast-Rising Fashion Model And Influencer

    Kimone Peart Fast-Rising Fashion Model And Influencer

    How Bitcoin mining devastated this New York town

    Scooter Driving License and the change of the rules in area

    Do you want to sell used Designer Bags?

    Do you want to sell used Designer Bags?

    Why Should A House Owner Choose An Eco-Friendly Painting?

    Why Should A House Owner Choose An Eco-Friendly Painting?

  • Politics
    Putin Fuels Ruble Illusion As Forecasters Say Biden Sanctions Push Russia Toward Deep Recession

    Putin Fuels Ruble Illusion As Forecasters Say Biden Sanctions Push Russia Toward Deep Recession

    Pathological Liar Kellyanne Conway Claims Trump Thought About Quitting After Access Hollywood Tape

    Pathological Liar Kellyanne Conway Claims Trump Thought About Quitting After Access Hollywood Tape

    WSJ Editorial Notes The Danger Of Having Trump Involved In Primary Process, But Ignores Danger To Democracy

    WSJ Editorial Notes The Danger Of Having Trump Involved In Primary Process, But Ignores Danger To Democracy

    House Republicans Claim They Only Offered Family Tours On The Eve Of 1/6 Attack

    House Republicans Claim They Only Offered Family Tours On The Eve Of 1/6 Attack

  • Sports
    ‘One of the most dangerous plays I’ve ever seen’

    ‘One of the most dangerous plays I’ve ever seen’

    Lakers legend Magic Johnson ‘speechless’ after uninspiring loss to shorthanded Trail Blazers

    Lakers legend Magic Johnson ‘speechless’ after uninspiring loss to shorthanded Trail Blazers

    Odell Beckham Jr. reveals how close he was to signing with the Patriots after Bill Belichick recruitment

    Odell Beckham Jr. reveals how close he was to signing with the Patriots after Bill Belichick recruitment

    WTA still have ‘concerns’ for Peng Shuai, call for sexual assault investigation

    WTA still have ‘concerns’ for Peng Shuai, call for sexual assault investigation

  • Technology
    The hype around DeepMind’s new AI model misses what’s actually cool about it

    The hype around DeepMind’s new AI model misses what’s actually cool about it

    The baby formula shortage has birthed a shady online marketplace

    The baby formula shortage has birthed a shady online marketplace

    These materials were meant to revolutionize the solar industry. Why hasn’t it happened?

    These materials were meant to revolutionize the solar industry. Why hasn’t it happened?

    5G private networks enable business everywhere

    5G private networks enable business everywhere

  • World
    Vladimir Putin underwent successful cancer surgery last week, it is claimed

    Vladimir Putin underwent successful cancer surgery last week, it is claimed

    Ukraine war. Ex-Russian commander says it is ‘meaningless to hope for victory’ in Donbas

    Ukraine war. Ex-Russian commander says it is ‘meaningless to hope for victory’ in Donbas

    President Zelensky says Russian forces have ‘completely destroyed’ Donbas region of Ukraine

    President Zelensky says Russian forces have ‘completely destroyed’ Donbas region of Ukraine

    Animals covered in gaping wounds lie in filthy cages in shocking footage from Bulgarian mink farm

    Animals covered in gaping wounds lie in filthy cages in shocking footage from Bulgarian mink farm

No Result
View All Result
Newsnero
No Result
View All Result
Home Economy

Will UK inflation hit the highest level in a decade?

admin by admin
November 14, 2021
Reading Time: 3 mins read
0
Will UK inflation hit the highest level in a decade?


RELATED POSTS

Time trickles away for a success at the WTO

Portugal pledges to cut debt as borrowing costs rise

Pessimism engulfs the Chinese economy as foreign investment fades

Will UK inflation hit its highest level in a decade?

UK inflation is expected to hit its highest level in a decade in October as supply chain disruptions, soaring energy prices and a tight labor market drive up the cost of consumer goods.

According to a Refinitiv poll of economists, consumer price growth will hit an annual rate of 3.9 percent in October, up from 3.1 percent in September. George Buckley, an economist at Nomura, said ahead of a report by the Bureau of National Statistics on Wednesday that he expects inflation to climb further to 4.5 percent in November and hit a high of 5 percent by the spring of next year, in line with expectations the Bank of England.

After the spring, the BoE expects inflation to decline as the effects of higher oil and gas prices wear off, demand for goods fades, and some commodity shortages subside.

BoE Governor Andrew Bailey said, however, that the “crucial” element in assessing the extent to which inflation would be transitory, and therefore the magnitude and pace of the bank’s response, will be the development of the labor market after the end of the vacation program in September. Valentina Romei

Will US retail sales accelerate into the holiday season?

U.S. retail sales are expected to grow faster in October than the previous month as the industry prepares for what is likely to be a strong holiday season while addressing supply chain bottlenecks and labor shortages.

Many Americans do their Christmas shopping earlier this year in hopes of avoiding sell-off warnings before the holidays. Coupled with robust demand for Halloween items, the early Christmas rush likely gave fall sales a boost.

According to a refinitive poll of economists ahead of the monthly numbers released on Tuesday, sales are well on the way to up 1.4 percent from the previous month, up from the 0.7 percent increase in September.

Retailers are scrambling to meet rising demand as port congestion and a shortage of truck drivers have created delays in the supply chain, increasing the chances that gifts will be hard to find.

Mahir Rasheed, US economist at Oxford Economics, said that tighter inventory – especially clothing and accessories – is “the greatest risk to vacation spending as consumers may find fewer items and shift consumption to services or withhold spending until theirs.” preferred items are available ”. in stock.”

Still, the National Retail Federation predicts sales will hit a new record high during the holiday season. The retail group expects an increase of 8.5 to 10.5 percent compared to the previous year, after sales rose by 8.2 percent in 2020.

This would suggest that spending will remain resilient to a sharp rise in consumer prices, thanks in part to strong savings and an increase in household wealth from property values. Matthew Rocco

Will the Turkish central bank risk another rate cut?

The background to the next meeting of Turkey’s Monetary Policy Committee is not promising. The annual inflation rate is around 20 percent. The lira, which has already fallen 25 percent this year, is close to the symbolic threshold of 10 per dollar. Global fears of inflation have led other developed and emerging economies to either hike interest rates – or signal that rate hikes are on the way.

However, analysts mostly assume that the Turkish central bank will cut interest rates on Thursday for the third month in a row. According to a Bloomberg poll of economists, the bank, which has been under heavy pressure from President Recep Tayyip Erdogan, a vehement opponent of high interest rates, will cut its key interest rate by 1 percentage point to 15 percent. Such a move risks putting further pressure on the lira and accelerating inflation in a country that is heavily dependent on imported energy and goods.

Per Hammarlund, chief emerging market strategist at Swedish bank SEB, says it would make sense to pause the easing cycle and let inflation fall before it resumes. But he expects the bank to cut anyway. In this scenario he said: “There is only one way for the” [lira] go and that’s lower. “He added,” The only question is how quickly it gets weaker. “

One dissenting voice was HSBC, suggesting the central bank might opt ​​to pause its rate-cutting cycle temporarily given the lira’s sharp depreciation last week. She added, however, that she remains convinced that the central bank is “tolerant of further lira weakness” and will continue to cut rates in December and beyond. Laura Pitel



Source link

ShareTweetShare
admin

admin

Related Posts

Time trickles away for a success at the WTO
Economy

Time trickles away for a success at the WTO

May 23, 2022
Portugal pledges to cut debt as borrowing costs rise
Economy

Portugal pledges to cut debt as borrowing costs rise

May 22, 2022
Pessimism engulfs the Chinese economy as foreign investment fades
Economy

Pessimism engulfs the Chinese economy as foreign investment fades

May 21, 2022
BoE chief economist warns on UK’s strong ‘inflationary momentum’
Economy

BoE chief economist warns on UK’s strong ‘inflationary momentum’

May 20, 2022
FirstFT: Reality bites for US retailers
Economy

FirstFT: Reality bites for US retailers

May 19, 2022
FirstFT: Dimon suffers stinging rebuke over pay
Economy

FirstFT: Dimon suffers stinging rebuke over pay

May 18, 2022
Next Post
UK’s Queen Elizabeth to miss Cenotaph service due to back sprain

UK's Queen Elizabeth to miss Cenotaph service due to back sprain

RAF jets intercept Russian nuclear bombers over North Sea

RAF jets intercept Russian nuclear bombers over North Sea

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest

Putin Fuels Ruble Illusion As Forecasters Say Biden Sanctions Push Russia Toward Deep Recession

Putin Fuels Ruble Illusion As Forecasters Say Biden Sanctions Push Russia Toward Deep Recession

May 23, 2022

Kim Kardashian sues for protection order over threats

May 23, 2022
The sell-off could be headed for another leg down as too bullish analysts are forced to cut numbers

The sell-off could be headed for another leg down as too bullish analysts are forced to cut numbers

May 23, 2022

Categories

  • Business
  • Economy
  • Entertainment
  • Health
  • Life Style
  • Politics
  • Sports
  • Technology
  • Uncategorized
  • World
Newsnero

Here you get al the latest new about Business, Sport, Entertainmnet, Polotics Etc.

Categories

  • Business
  • Economy
  • Entertainment
  • Health
  • Life Style
  • Politics
  • Sports
  • Technology
  • Uncategorized
  • World

Recent News

  • Putin Fuels Ruble Illusion As Forecasters Say Biden Sanctions Push Russia Toward Deep Recession
  • Kim Kardashian sues for protection order over threats
  • The sell-off could be headed for another leg down as too bullish analysts are forced to cut numbers
  • Privacy Policy
  • Terms & Conditions
  • Contact Us

© 2021 Newsnero.All Right Reserved.

No Result
View All Result
  • Home
  • Business
  • Economy
  • Entertainment
  • Health
  • Life Style
  • Politics
  • Sports
  • Technology
  • World

© 2021 Newsnero.All Right Reserved.