The upcoming UK GDP is expected to show no growth for the three months through May. The June US CPI will give the ammunition the Fed needs to justify a 75-bps hike. The BoC will likely raise rates by 75-bps.
The Bank of England has been issuing caution about the UK’s growth trajectory for several months now, and those fears are being close to realized as incoming UK GDP data appears to be disappointing. According to a Bloomberg News survey, the three-month growth rate is set to fall to 0%, while year-over-year reading is expected to decline from +3.4% in April to +2.7% in May.
According to a Bloomberg News survey, headline US inflation is due in at +8.8% y/y in June from +8.6% y/y in May, but the core reading is expected to ease from +6% y/y to +5.7% y/y. Fed funds futures suggest that there are 175-bps worth of rate hikes due between now and the end of 2022
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.K. Performers’ Union Equity Fights Back Against NDA OverreachU.K. performers’ union Equity is fighting back against the increasing use of non-disclosure agreements (NDAs) in the entertainment industry. NDAs are intended to prevent a participant or pros…
Read more »
Olympic Champ Mo Farah Says He Was Trafficked to the U.K. as a ChildFour-time Olympic gold medalist Sir Mo Farah explains he was likely eight or nine years-old when a stranger flew him from Djibouti to London, where he was forced to take care of another family’s children.
Read more »
Mo Farah Reveals He Was Taken to U.K. Using Another Child’s NameFour-time Olympic champion Mo Farah disclosed he was brought into Britain illegally from Djibouti under the name of another child
Read more »
Olympian Mo Farah reveals he was trafficked to U.K., given false nameMo Farah, the most successful British track athlete in modern Olympic history, revealed that he was trafficked to the United Kingdom as a child under a false name.
Read more »