Tagged: inflation

June 22, 2025 @ 5:43 pm By Tony Zerucha  |  

From AI energy hypocrisy to predicting future Fed movement and serious risks to Bitcoin from quantum computing, Web3 minds had plenty to share over the past few weeks. Those burning more energy on AI once panned crypto miners “Big tech can’t keep up with the… Read More

June 19, 2025 @ 9:53 am By JD Alois  |  

The Bank of England decided to hold rates steady today, mainly due to concerns about sticky inflation. The Monetary Policy Committee (MPC), by a six-to-three vote, decided to hold the bank rate at 4.25%. The three dissenters preferred to lower rates by 25 basis points. The… Read More

June 19, 2025 @ 3:09 am By Omar Faridi  |  

In a statement addressing the latest inflation figures, Yael Selfin, Chief Economist at KPMG UK, highlighted the growing uncertainty surrounding the UK’s inflation trajectory, driven by escalating geopolitical tensions in the Middle East. The recent surge in energy prices, with oil prices climbing over 13%… Read More

June 1, 2025 @ 9:50 pm By Omar Faridi  |  

As consumers grapple with rising costs and high interest rates, recent studies have revealed an increased reliance on credit products to help make ends meet. Despite the seemingly rapid growth in balances, a new analysis by TransUnion (NYSE: TRU) uncovers a more complex reality. According… Read More

May 20, 2025 @ 11:15 am By JD Alois  |  

Tomorrow (May 21st), the UK government will release its monthly inflation numbers. As of March, the annual rate of inflation is trending at 2.6%. The Bank of England holds a mandate to move inflation down to 2% but last month the Bank decided to cut… Read More

April 3, 2025 @ 8:03 am By Omar Faridi  |  

The European Central Bank (ECB) released the results of its Consumer Expectations Survey (CES) for February 2025, offering a look into how euro area households perceive inflation, economic growth, and their financial prospects. Conducted monthly across 11 euro area countries with around 19,000 adult participants,… Read More

March 21, 2025 @ 10:41 am By JD Alois  |  

The Bank of England’s Monetary Policy Committee (MPC) has decided to hold its benchmark rate steady at 4.5%. This follows the US Federal Reserve’s decision not to change its rates. The MPC voted 8 to 1, with one member preferring to cut rates by 25 basis… Read More

March 20, 2025 @ 6:52 am By Omar Faridi  |  

Yesterday, the US Federal Reserve issued its FOMC statement regarding interest rates and the committee voted to keep benchmark rates exactly the same. The announcement was anticipated by markets, the bigger question is when the next rate cut will take pace. The Federal Reserve noted… Read More

March 9, 2025 @ 10:34 pm By Omar Faridi  |  

On March 6, 2025, Brazil’s Central Bank, the Banco Central do Brasil, released a statement following the 259th meeting of its Monetary Policy Committee (Copom), announcing that the Selic rate—the country’s benchmark interest rate—would remain unchanged at 10.50% per year. This decision reflects a unanimous… Read More

February 24, 2025 @ 7:28 am By Omar Faridi  |  

In a speech delivered on February 21, 2025, at the European Parliament plenary debate on the ECB Annual Report, ECB President Christine Lagarde provided an update on the euro area’s economic situation and the European Central Bank’s monetary policy direction. The address from Christine Lagarde… Read More

February 1, 2025 @ 6:03 pm By Omar Faridi  |  

Bank of Ireland’s latest economic forecasts for Ireland have been revised upwards. The bank has revised upwards projections “for GDP (4.3%), modified domestic demand (4%) and employment (2.2%) growth in 2025.” This reflects stronger than expected data for H2 2024, showing the Irish economy had… Read More

January 30, 2025 @ 8:45 am By JD Alois  |  

The European Central Bank (ECB) has lowered its benchmark rate by 25 basis points (bps) to 2.75%. The Bank issued a statement explaining that the “disinflation process is well on track” as price increases are said to align with staff expectations. Similar to the US,… Read More

January 15, 2025 @ 11:07 pm By JD Alois  |  

UK inflation (Consumer Prices Index including owner occupiers’ housing costs – CPIH) declined slightly in an unexpected development. Inflation was measured at an annual rate of 2.5% in December, down from November at 2.6%. On a monthly basis, the consumer price index rose by 0.3%… Read More

January 10, 2025 @ 6:22 am By Tony Zerucha  |  

Nigel Green sees, at most, one rate cut in 2025. The deVere Group CEO said that is based on a mounting realization that inflation remains dangerously sticky, and the interest rate needed to bring it fully under control needs to remain higher than many previously… Read More

January 8, 2025 @ 3:50 pm By Omar Faridi  |  

As the UK looks ahead to more growth in 2025, the year may potentially bring renewed challenges from a relatively higher pace of inflation, increased trade frictions, and a “heightened state of economic uncertainty.” This, according to an update from KPMG. The ultimate impact will… Read More

January 7, 2025 @ 10:30 am By JD Alois  |  

EU area inflation is on the rise, with Eurostat reporting that annual inflation is expected to be 2.4% in December 2024, up from 2.2% in November. Services are expected to have the highest annual rate in December at 4.0%, compared with 3.9% in November. Energy… Read More

December 31, 2024 @ 11:28 am By Omar Faridi  |  

With the inflation rate expected to increase again in December after October and November’s surges, SumUp conducted a survey, asking US business owners about their understanding of inflation and its impact on their business, past, and future. The survey focused on 4 key areas: the… Read More

December 17, 2024 @ 9:15 pm By Tony Zerucha  |  

Results of a new survey from online mortgage marketplace EveryRate.ca show that most Canadians would struggle with a 15% increase in their housing expenses. The survey was conducted with polling firm Leger in mid-November and asked 1,526 Canadians: “If your mortgage or rent increased by… Read More

December 15, 2024 @ 9:28 am By Tony Zerucha  |  

Should the US Federal Reserve cut rates in December, it’ll be based on market pressure—not sound economic reasoning—and there will be no rate cuts in the first half of 2025, deVere Group CEO Nigel Green believes. His warning comes as the US Consumer Price Index… Read More

November 25, 2024 @ 4:01 pm By Omar Faridi  |  

Inflation is taking a financial toll on state and local government workers in the U.S. according to new research. A Harris Poll, commissioned by DailyPay, finds that the majority or 73% of government workers say inflation has had a “negative impact on their finances in… Read More