Latest in Bank of England rate setter warns of higher UK inflation risk driven by wages
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Bank of England rate setter warns of higher UK inflation risk driven by wages
Deputy governor Dave Ramsden says interest rate cuts must be gradualFinancial Times - 8h -
Share of jobs paid below UK living wage rises at record rate
Data from Living Wage Foundation reflects pressures facing employers even before Budget tax risesFinancial Times - 1d -
UK banks risk an outbreak of boardroom exuberance
Three cheers for a steady 2024 but this is no time for complacencyFinancial Times - 1d -
No ‘golden age’ is coming. Trump’s tariffs will hit Americans with higher interest rates and more inflation.
Protectionism won’t make us rich — especially if tariffs launch a trade war.MarketWatch - 2d -
UK’s Leading Management Consultants 2025: the ratings
Consultancies recommended by clients and peers, rated by sectors and servicesFinancial Times - 1d -
Japan's inflation rate climbs to a 2-year high of 4% in January, supporting rate hike calls from BOJ members
Core inflation — which excludes prices of fresh food — rose to 3.2% from 3% in the prior month and beat economists' expectations of 3.1%, according to a Reuters poll.CNBC - Feb. 21 -
Fed Flags Rising Inflation Risks and Rising Uncertainty About Trump’s Policies
Rates cuts are still on the menu, but like many businesses, Fed officials are having a tough time judging the impact of Trump’s tariff and immigration plans.Inc. - Feb. 20 -
Can UK banks stay the course on their climate pledges?
Lenders warn that slow government action may force a rethinkFinancial Times - 4d -
Sen. Elizabeth Warren: DOGE's FDIC firings put banking system at risk
Sen. Elizabeth Warren said she is "pleased" the FDIC will evaluate whether the decision to layoff workers at the agency puts the banking system at risk.CNBC - Feb. 20 -
Fed’s Schmid warns against rate cuts in response to weaker outlook
Schmid, a voting member of the Fed’s interest-rate committee this year, pointed to two lasting lessons from history.MarketWatch - 1d -
Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show
Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.The New York Times - Feb. 20 -
Fed’s Barkin says interest rates may have to rise to combat inflation headwinds
Barkin said he understands that the fight against inflation has been long, but that “it is critical that we remain steadfast.”MarketWatch - 3d -
The Fed’s favorite tool to track inflation unlikely to offer ammo for reducing U.S. interest rates
The latest look at U.S. inflation is unlikely to ease the worries on Wall Street, but it probably won’t add to the jitters.MarketWatch - 1d -
Four banks fined by UK regulator over gilt information sharing
Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to pay over £100mnFinancial Times - Feb. 21 -
Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast
The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.CNBC - 3d -
ECB faces risk of ‘sleepwalking’ into too many rate cuts, says top official
Rate-setters need to stand ready to pause further monetary easing, Belgian central bank governor saysFinancial Times - 4d -
Africa’s medical system risks ‘collapse in next few years’, warns health leader
Focusing foreign aid on infectious diseases has allowed a rise in cancer and diabetes that African governments don’t have resources to fight, says Dr Githinji Gitahi. Health services in Africa are ...The Guardian - 1d -
Long-term effects of Gaza war could quadruple Palestinian death toll, warn UK doctors
Surgeons who worked in Gaza fear disease, malnutrition and eradication of healthcare will reverberate for decades . British doctors who worked in Gaza during the war have issued dire predictions ...The Guardian - 6d -
UK steelmakers face £150mn annual bill from carbon charges, industry warns
Decision to wind down free emission allowances is an ‘earthquake moment’ for producersFinancial Times - 5d -
Who still makes the federal minimum wage of $7.25?
Some states have raised minimum wage for employees as the federal level has stayed at $7.25 an hour since 2009. The Trump administration has not signaled plans to boost the minimum wage, so what ...NBC News - 6d -
EPA to make higher-ethanol gas available year round beginning in April
The Environmental Protection Agency (EPA) will proceed with Biden-era plans to allow the year-round sale of higher-ethanol E15 fuel, a longtime ask of midwestern lawmakers and the biofuels ...The Hill - 4d -
Oil prices end higher as U.S. imposes more sanctions on Iran
Oil futures finished higher on Monday, with prices finding support after a nearly 3% decline Friday, as the U.S. imposed fresh sanctions on Iran, impacting its crude sector.MarketWatch - 3d -
Texas Gov. Abbott wages immigration operation in community targeted by conservatives
Gov. Gregg Abbott stated he'd been planning the immigration operation in Colony Ridge for months to target criminals and immigrants. Observers said some people who were stopped were on to their way ...NBC News - 3d -
California May Boost Its Controversial $20 Fast-Food Minimum Wage
Less than a year after it came into effect, the state’s alternatively decried and hailed $20 fast-food pay law may get a 3.5 percent boost—reviving clashes during its rollout.Inc. - 1d -
California Could Push Fast Food Minimum Wage Above $20
Business owners say it hasn’t been long enough since the $20 minimum wage went into effect to know its impact.Inc. - 18h -
Three catalysts have driven S&P 500 corrections since 1964. Here’s what could spark one now.
Piper Sandler’s Michael Kantrowitz has dug into big corrections since 1964 and finds they all need a catalyst. Here’s what he sees coming in 2025.MarketWatch - 1d -
Dead woman's body found in trunk of car driven by her son after police chase
Police in California found the body of a 51-year-old woman in the trunk of a car being driven by her 24-year-old son following a pursuit where he tried to escape police.ABC News - 7h -
Trump and Musk risk radicalizing veterans
President Trump and Elon Musk's efforts to cut funding for programs and fire thousands of federal workers, including veterans, have raised concerns and may negatively impact the Republican Party's ...The Hill - 5h -
A Trump DOGE Dividend Could Raise Inflation
President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.The New York Times - Feb. 20 -
Is the Fed’s preferred measure of inflation set to fall?
Market Questions is the FT’s guide to the week aheadFinancial Times - 5d -
Trump’s tariffs spook consumers weary of inflation
The high spirits that greeted the US president’s election triumph in November have fadedFinancial Times - 2d -
Majority of Americans say income not matching inflation: Poll
A majority of Americans say their income is not matching pace with inflation, a new survey found. According to the CBS News/YouGov poll released Thursday, 77 percent of respondents say their income ...The Hill - 15h -
Inflation Is Rising. What Will That Mean for Trump’s Tariffs?
Consumer sentiment has turned south as high prices weigh on households. Could that crimp big pieces of the president’s economic agenda, including tariffs?The New York Times - 5h -
January inflation eases in Fed’s preferred measure
Inflation in the Federal Reserve’s preferred price gauge eased in January after making steady increases throughout the fall. The personal consumption expenditures (PCE) price index increased by 0.3 ...The Hill - 3h -
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PCE Report Showed Inflation Eased Slightly in January
But consumer spending unexpectedly slowed, complicating the central bank’s plans for interest rates.The New York Times - 3h -
Nationalisation will buckle England’s railways
Shutting out private business will mean less money for the creaking sectorFinancial Times - 4d -
Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access
Eli Lilly is offering higher-dose vials through its direct-to-consumer website, LillyDirect, which started offering lower doses in vials in August.CNBC - 3d -
Oil prices settle higher after Trump moves to end Venezuela crude deal
Oil futures settled higher Thursday, finding support a day after President Trump said he was revoking a license issued by the Biden administration that had allowed Chevron to produce oil in Venezuela.MarketWatch - 22h -
EastEnders gets ratings bump for 'flawless' live episode
The show, which saw viewers vote for two storylines for the first time, received praise from critics.BBC News - Feb. 21
