November 15, 20240 Comments

UK economy slows between July and September

The UK’s economy grew by 0.1% between July and September, according to the latest official figures. Growth was lower than expected and the Office for National Statistics said activity was subdued across most industries during the three months. Labour made boosting economic growth its top priority when it came into power but Chancellor Rachel Reeves said she was “not satisfied” with these latest figures. This week she announced plans to

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November 9, 20240 Comments

PCE inflation September 2024:

Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. The Fed uses the PCE reading as its primary inflation gauge, though policymakers also follow a variety of other indicators. Fed

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