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Bailey - 2 BoE - 2 Dave Ramsden - 2 Swati Dhingra - 2 Megan Greene - 2 David Milliken - 2 Hollie Adams - 1 Rishi Sunak - 1
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Search resuls for: "Kroll Institute"


7 mentions found


☆ Bank of England set to raise rates for 14th time in a row
  + stars: | 2023-08-02 | by ( David Milliken | ) www.reuters.com   time to read: +4 min
A pedestrian carrying an umbrella walks near the Bank of England in the City of London, Britain, July 30, 2023. Market expectations for peak Bank Rate reached 6.5% on July 11 after data showed record wage growth before falling back to 5.75% after a sharp decline in consumer price inflation. Investors see a two-in-three chance of the BoE raising Bank Rate to 5.25% on Thursday but for most economists polled by Reuters the BoE's decision is finely balanced. However, some BoE critics argue it risks causing an unnecessary downturn, and that higher rates are a poor tool to tackle inflation caused by higher food and energy prices. "The main winners are banks, whose profits have flourished thanks to higher rates," said Fran Boait, co-executive director of campaign group Positive Money.
Persons: Hollie Adams, Bailey, BoE, Rishi Sunak, James Smith, Smith, Andrew Bailey, Dave Ramsden, Swati Dhingra, Silvana Tenreyro, Megan Greene, Fran Boait, ING's Smith, David Milliken, William Schomberg, Giles Elgood Organizations: Bank of England, City of, REUTERS, U.S . Federal Reserve, European Central Bank, Mortgage, Investors, Reuters, ING, Kroll Institute, Monetary, Thomson Locations: City, City of London, Britain, Germany
☆ Bank of England set to raise rates to 5.25% as high inflation persists
  + stars: | 2023-07-28 | by ( David Milliken | ) www.reuters.com   time to read: +5 min
Expectations for peak BoE rates reached 6.5% on July 11 after data showed record wage growth. But they fell back after a bigger-than-expected decline in consumer price inflation. Still, that inflation rate is nearly four times the BoE's 2% target and double the rate in the United States. Following the end of Silvana Tenreyro's tenure on the BoE's Monetary Policy Committee, fellow external member Swati Dhingra is likely to be alone in making the case that producer price inflation - rather than wage growth - is a better guide to future consumer price inflation trends. Annual producer price inflation fell to 0.1% in June, its lowest since December 2020, down from a high of nearly 20% last July, which it hit just a few months before CPI peaked at 11.1%.
Persons: BoE, Andrew Goodwin, BoE Governor Andrew Bailey, Dave Ramsden, Ramsden, Peter Schaffrik, Cathal Kennedy, Silvana Tenreyro's, Swati Dhingra, Megan Greene, Bailey, Huw Pill, David Milliken, Kirsten Donovan Organizations: Bank of England, U.S . Federal Reserve, European Central Bank, Oxford Economics, Reuters, MPC, HSBC, RBC, Committee, Kroll Institute, Tenreyro, Monetary, Thomson Locations: Britain, United States, Germany
☆ Inflation is cooling — but many items aren’t cheaper. Here’s why
  + stars: | 2023-05-10 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +4 min
Instead, the pace of price increases slowed from a year ago. But they may be suffering from even bigger price increases for margarine, which was up 24%. Poorer households spend a greater portion of their income on unavoidable expenses like food and gas, which makes them more vulnerable to price increases. Not everything is responding well to interest rate hikesThe Federal Reserve spent the past year hiking interest rates in the interest of lowering inflation. When the Fed raises interest rates, it costs more for banks and other lenders to borrow money.
☆ Wages and Prices Slow Unevenly, Reflecting ‘Rocky and Bumpy’ Economy
  + stars: | 2023-04-28 | by ( Ben Casselman | Jeanna Smialek | ) www.nytimes.com   time to read: +1 min
Inflation isn’t as high as it was last year. The economy is slowing down. But none of this is happening as quickly or as smoothly as Federal Reserve officials would like. “We knew that inflation was going to be rocky and bumpy,” said Megan Greene, chief economist for the Kroll Institute. That was the slowest pace of inflation in nearly two years, down from a peak of 7 percent last summer.
☆ Fed's Powell says no rate cuts this year, and markets hear it differently
  + stars: | 2023-02-02 | by ( Ann Saphir Lindsay Dunsmuir | Ann Saphir | Lindsay Dunsmuir | ) www.reuters.com   time to read: +6 min
"It's going to take some time" for disinflation to spread through the economy, Powell said in a news conference following the Fed's latest quarter-point interest rate increase. He said he expects a couple more rate hikes still to go, and, "given our outlook, I just I don't see us cutting rates this year." Rate cuts, they expect, will start in September - a view Powell said Wednesday is driven by the expectation of fast-receding inflation. Since the 1990s, the interlude between rate hikes and rate cuts has varied from as long as 18 months in 1997-1998 to as short as five months in 1995. The Fed, Powell said Wednesday, cannot risk doing too little.
☆ Inflation struggles, China's Covid: What to watch for in the economy in 2023
  + stars: | 2022-12-31 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Shannon-Pettypiece-Circle-Byline-Template.Jpg | Shannon Pettypiece | ) www.nbcnews.com   time to read: +8 min
But economists and CEOs warn the economy will remain on shaky ground in 2023, which could mean another turbulent year for consumers. After months of strict lockdowns that caused rolling disruptions to supply chains and greatly stifled demand from Chinese consumers, China began lifting its Covid restrictions in recent weeks. “The most important thing for 2023 is by far China’s Covid policy,” Dan Klein, the head of energy pathways at S&P Global Commodity Insights. Covid infections have continued to shut down factories around the world, aggravated by China’s loosening of Covid restrictions. In the meantime, with demand outstripping supply, car prices are up by nearly 24% over the past two years.
☆ Why stocks aren't down even more on Friday's hot inflation report
  + stars: | 2022-12-09 | by ( Bob Pisani | ) www.cnbc.com   time to read: +2 min
Will this data point suddenly make the Federal Reserve raise 75 basis points next week, versus the 50 basis point hike expected? (1 basis point equals 0.01%.) The dollar, which has been in a notable downtrend for the last month, rallied initially, then fell back. The managers collectively expect earnings to rise by an average of 10% next year (71% expected earnings to rise). Blackrock, in a pessimistic 2023 outlook, said "We find that earnings expectations don't yet price in even a mild recession."
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