Gilt yields rose as expectations of fewer interest rate cuts intensified after the higher-than-expected UK inflation data, with headline inflation rising to an annual rate of 2.3 per cent in October from 1.7 per cent in September, above the consensus forecast of 2.2 per cent among economists polled by the Wall Street Journal. Richard Flacks, chief investment officer at Moneyfarm, said in a note: "This rise in inflation reduces the likelihood of a rate cut in December as policymakers remain cauti...
"Terror data" is higher than expected, the Federal Reserve is more likely to cut interest rates by 25 basis points tonight? Gold fell by nearly $30 at a high day on the day; conflicts in the Middle East continue, Israel detonates pagers in many places in Lebanon... What major events happened in the world yesterday and this morning?
On July 25, the preliminary annualized quarterly rate of real GDP in the second quarter of the United States recorded 2.8%, higher than the expected 2%.
On July 5th, the US non-farm payrolls recorded 206,000 after the June quarter adjustment, higher than market expectations, but slightly lower than last month's data.