BOE Set to Resume Rate Cuts After Inflation Drop
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Inflation, which measures the rate of price increases over time, remains above the Bank of England's 2% target.
Millions of Americans braced for runaway inflation in response to President Trump's aggressive import tariffs. They're still waiting.
After the Federal Reserve's December rate cut, investor attention is turning to inflation data, where CPI is expected to have risen by roughly 3%.
The U.K.'s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on Thursday. Economists had expected inflation to stand at 3.
American colleges & universities saw their costs inflate by 3.6% in FY2025, a slight uptick from a 3.4% increase in FY 2024, but a decline from the 4.0% rate in FY2023.
Fed officials have been divided about whether to boost the job market by further lowering interest rates, and a surprise uptick in the unemployment rate Tuesday wasn't enough to resolve the debate.
Lower food prices in November helped the UK inflation rate ease to 3.2% from 3.6% last month, according to new official data. Inflation - the rate at which prices rise - is now at its lowest level in eight months but remains above the Bank of England's target of 2%.
South African annual inflation unexpectedly softened in November, edging closer to the central bank’s new 3% target and boosting hopes for an interest-rate cut next month. Bonds rallied.