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

U.K. inflation eased in November as gasoline and diesel prices rose more slowly than the previous month

Sky-high food and energy costs have kept up the pressure on households

A fresh squeeze on living costs is expected today when the Bank of England hikes interest rates by another 0.5%.

Inflation falls back from 41-year high as motor fuels price rises slow, but costs rise faster in restaurants, hotels, cafes and pubs.

Jeremy Hunt says rising costs are still ‘number one enemy’

The number is a fall from the October figure on 11.1%

The bigger than expected fall could slow the pace of interest rate hikes

Inflation figures are released each month by the Office for National Statistics (ONS) to show how much the prices of everyday goods and services have increased over the last year

Drop in consumer prices index had been forecast but costs continue to rise, adding to pressure on ministers to raise pay

The Federal Reserve's aggressive campaign against high inflation dominated global financial markets this year. Starting this week, the action shifts to Europe, where inflation could prove stickier and harder to tame. That shift is likely to reverse some of the key market dynamics of 2022, most significantly a superstrong dollar.

The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its benchmark short-term rate, which influences most other borrowing…