The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

We’re still on track, says Hunt despite surge in food prices

Today’s disappointingly small drop inflation sent economists scrambling to revise their forecasts

The shock figure also raised questions about Rishi Sunak’s promise to halve inflation by the end of the year

UK inflation failed to drop into single-digit levels last month as food prices kept soaring, meaning central bank expected to raise borrowing costs again

The rate had unexpectedly risen in February

Annual rate as measured by consumer prices index dropped to 10.1% in March, says ONS

UK inflation fell to 10.1% in March - this is down from the 10.4% and surprise jump that was recorded in February, the Office for National Statistics (ONS) said this morning

The stock market is expected to stay volatile due to persistent concerns about high inflation, interest rate hikes, and a recession. While top investors have been buying FedEx (FDX) and RumbleON (RMBL), we think only FDX is worth investing. Read on.

Annual inflation may drop when official figures are released on Wednesday but UK rate still higher than eurozone

Lingering macroeconomic headwinds have stoked fears of an impending recession. Against this backdrop, it could be wise to avoid fundamentally weak stocks with poor quality and growth, Li-Cycle Holdings (LICY), Greenidge Generation Holdings (GREE), and Singularity Future Technology (SGLY) now. Read on….

City comment: Inflation is the wildfire that simply cannot be put out