Pound recovers as ONS admits its recession forecast was wrong

Pound recovers as ONS admits its recession forecast was wrong

Ggood morning. The pound is recovering as its early rally on Friday erased all the losses it suffered since Kwasi Kwarteng opened his speech last Friday. It comes as the new government yesterday sought to calm markets after the mini-budget caused turmoil. Liz Truss and Chancellor Kwasi Kwarteng will meet the chair of the Office…

Can the Fed tame inflation without further crushing the stock market?  What’s next for investors?

Can the Fed tame inflation without further crushing the stock market? What’s next for investors?

The Federal Reserve isn’t trying to hit the stock market as it rapidly raises interest rates in an effort to slow inflation, still running in the red — but investors need to brace for more pain and volatility as policymakers are undaunted. by a deepening selloff, investors and strategists said. “I don’t think it’s necessarily…

Unemployment is the lowest since 1974 amid an “alarming” rise in long-term illnesses

Unemployment is the lowest since 1974 amid an “alarming” rise in long-term illnesses

Ggood morning. Unemployment in the UK has fallen to its lowest level in almost 50 years as more Britons leave the workforce. The latest ONS figures showed 3.6 per cent of adults were out of work and looking for work in the three months to the end of July, down from 3.8 per cent in…

Why ‘quantitative tightening’ is the wild card that could sink the stock market

Why ‘quantitative tightening’ is the wild card that could sink the stock market

Quantitative monetary easing is credited with cooling stock market returns and boosting the value of other speculative assets by flooding markets with liquidity as the Federal Reserve piled up trillions of dollars in bonds during the 2008 financial crisis and especially the 2020 coronavirus pandemic. Investors and policymakers perhaps they underestimate what happens when the…

German inflation has reached its highest level in almost 50 years

German inflation has reached its highest level in almost 50 years

Ggood morning. We begin another escalation of the energy crisis as Putin cuts gas supplies to France. Gazprom has informed the French company Engie that it is limiting gas supplies from today due to a disagreement in the implementation of some contracts. The move puts further pressure on Europe’s already strained energy supplies. France has…