The Latest Breaking News from Inflation

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -1.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.31%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.83%. June E-mini S&P futures (ESM25 ) are down -1.21%, and June E-mini Nasdaq futures...

The dollar index (DXY00 ) Wednesday rose by +0.37% and posted a 3-week high. Hawkish Fed commentary Wednesday pushed T-note yields higher and boosted the dollar. Chicago Fed President Goolsbee, Minneapolis Fed President Kashkari, and St. Louis Fed President Musalem all said that US trade policies could boost inflation and...

It came as the Government’s official forecaster cautioned that there was a ‘significant risk’ around meeting fiscal rules.

A fall in the cost of clothes was the main reason for a drop in the rate of inflation; however, imminent increases to the cost of services mean people may not feel any better off

The dollar index (DXY00 ) today is up by +0.19% on support from higher T-note yields. Also, hawkish comments today from Chicago Fed President Goolsbee boosted the dollar when he said the next Fed rate cut may take longer than anticipated because of economic uncertainty. In addition, weakness in the...

Figures from the Office of National Statistics show average private rent in the UK was £1,326 per month in February 2025

The Government’s official forecaster has also warned that interest rates are set to stay higher for longer

The Office for Budget Responsibility (OBR) said on Wednesday that it expects UK gross domestic product (GDP) to rise by 1% in 2025.

Federal Reserve Bank of Chicago President Austan Goolsbee said if long-term inflation expectations are raised by the market, this could become a self-fulfilling prophecy.