A Dec. UK Rate Cut May Hinge On Budget
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Tomorrow’s ONS inflation data release marks a key test of the Bank of England’s predictions for the course of inflation in the UK.
President Trump is stepping up his effort to try to counteract the unease Americans feel with rising prices and his own handling of the issue.
Core CPI (which excludes food, energy, alcohol, and tobacco) increased 0.3% MoM in October 2025, weaker than 0.4% MoM in October 2024, and the annual rate slowed from 3.5% YoY in September to 3.4% YoY in October. It is also worth noting that the monthly rate was slightly below the consensus estimate of 0.4% MoM.
Despite mounting pressure from tariffs and rising costs, small businesses remain “cautiously optimistic,” according to a Bank of America report.
Inflation in Canada cooled less than expected last month, supporting the Bank of Canada’s plan to move to the sidelines after back-to-back rate cuts.
Presidents have few tools to fight inflation. Trump himself seems reluctant to acknowledge that a problem even exists.
The U.S. Department of Agriculture says turkey production has dropped by 3 percent from 2024 across the nation, but a Connecticut store owner has the local scoop on Thanksgiving needs.
Some are drawn to side jobs because of instability in their workplace, or the perception that they may lose their income. Still others, reluctant to trust one employer to provide a steady job that lasts, are supplementing their main roles with gig work on apps such as Uber and Grubhub.
Nigeria’s annual inflation slowed more than expected in October, strengthening the case for another interest-rate cut when policymakers meet next week.
The odds of a 25 bps rate cut at the December 9-10 Federal Open Market Committee (FOMC) meeting have slimmed considerably in recent