Investors are far too pessimistic about the UK stock market’s long-term prospects. Certainly, inflation remains above target, interest rates stand at a 16-year high and the economy is experiencing a recession.
Inflation is coming down -- but it doesn't feel like it. Grocery stores are just as expensive, restaurants continue to raise prices, and the cost of living exactly the same way seems to go up, and up,...
US consumer inflation cooled more than expected last month, according to government data published Tuesday, providing welcome news for policymakers looking to control price increases without damaging the economy.The consumer price index (CPI) inflation gauge increased by 3.2 percent in the 12 months to October, down from 3.7 percent a month earlier, the Labor Department said.
Pity the members of the Monetary Policy Committee (MPC) who meet this week to decide what to do about interest rates. As usual, it is a delicate judgment. To make matters worse, there are now serious doubts about the reliability of key official statistics.