A MOVE by SNP ministers to push up the minimum unit price of alcohol this week to 65p was hailed last night by campaigners and political rivals. The Scottish Sun understands the 15p hike from the current 50p rate will be revealed on Thursday in a statement to Holyrood. 1 The minimum unit price of … Read more
Mumbai: Coming close on the heels of the interim budget which maintained the status quo on policy front, the Reserve Bank is likely to continue with the pause on the short-term lending rate in its upcoming bi-monthly monetary policy this week as retail inflation is still near the higher end of its comfort zone, say … Read more
Donald Trump, the likely 2024 presidential Republican nominee, said that if he were to be reelected, he would not reappoint Jerome Powell as chairman of the Federal Reserve, claiming the central bank’s plans to cut rates this year are only in President Joe Biden’s interest. “No, I wouldn’t,” Trump said when asked about keeping Powell … Read more
Bank of Canada governor Tiff Macklem says the central bank can’t solve the housing crisis with interest rates because the root cause is a supply shortage. Macklem faced multiple questions on housing affordability during an appearance before the finance committee on Thursday — one week after the bank yet again kept its key overnight interest rate at … Read more
Andrew Bailey, governor of the Bank of England (BOE), during the Monetary Policy Report news conference at the bank’s headquarters in the City of London, UK, on Thursday, Feb. 1, 2024. Bloomberg | Getty Images LONDON — Bank of England Governor Andrew Bailey on Thursday signaled that financial markets may be correct in their expectations for … Read more
The “Looking Glass” ponders economic and real estate trends through two distinct lenses: the optimist’s “glass half-full” and the pessimist’s “glass half-empty.” Buzz: Despite numerous financial challenges, California shoppers told pollsters that economic conditions were OK in January. Source: My trusty spreadsheet looked at January’s California consumer confidence index from the Conference Board to get … Read more
The price comparison firm Confused.com revealed that it had seen an insurance increase of more than 1,000 pounds amongst 17 to 20-year-old drivers in the past 12 months. The recent data showed that drivers have seen their car insurance increase by 58 per cent, on average, compared to this time last year. The comparison firm … Read more
The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. Friday’s government report showed that prices rose just 0.2% from November to December, … Read more
The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but “only gradually.” “In the short term any increase in population, particularly in an environment of constrained supply, is going … Read more
Holly D. Johnson | Bankrate.com (TNS) Overall inflation of consumer prices increased 3.4% over the 12 months leading up to December 2023, according to the latest Bureau of Labor Statistics data. the largest increase in over 40 years. After that, regular inflation numbers finally slowed, with the most recent figure coming in at 4.0% during the … Read more
