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Neel Kashkari - 1 George Lagarias - 1 Lagarias - 1
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U.S . Federal - 1 Minneapolis - 1 CNBC - 1

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☆ 'They can't get it wrong again': Economists are increasingly uncertain about Fed rate cuts this year
  + stars: | 2024-04-08 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
All eyes will now be on Wednesday's consumer price index, after February's annual inflation rate of 3.2% came in slightly higher than expected. George Lagarias, chief economist at Mazars, told CNBC on Monday that rate cuts in the summer were now looking much less likely. "Personally, I wouldn't be surprised if we saw less rate cuts and pushed more towards the end of the year," he told "Squawk Box Europe" on Monday. Despite this, he said it remains "very likely" that there will be rate cuts this year. They do not want to be the Fed that cut rates as inflation kept beating expectations.
Persons: Neel Kashkari, George Lagarias, Lagarias Organizations: U.S . Federal, Minneapolis, CNBC
☆ UK inflation rate falls more than expected to 10.1%
  + stars: | 2023-02-15 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Henry NichollsLONDON, Feb 15 (Reuters) - British consumer price inflation fell by more than expected to 10.1% in January from December's 10.5% and there were also drops in underlying measures of price growth that are being closely watched by the Bank of England, official data showed. Investors expect another increase in borrowing costs next month by the BoE but Wednesday's data may add to the sense that a peak in Bank Rate is not far off. "While any fall in inflation is welcome, the fight is far from over," finance minister Jeremy Hunt said. The ONS said transport and hospitality prices helped to drag down inflation last month. All other things being equal, slowing inflation suggests further economic weakness ahead and, possibly, an uptick in unemployment."
☆ UK economy rebounds from royal funeral hit, outlook remains bleak
  + stars: | 2022-12-12 | by ( ) www.reuters.com   time to read: +2 min
Gross domestic product grew by 0.5% in October after September's 0.6% contraction, the Office for National Statistics said. A Reuters poll of economists had pointed to a 0.4% bounce-back. Despite the slight upside surprise, the figures are unlikely to change the view among investors and analysts that Britain's economy faces a bleak 2023. Even without further rate hikes, the economy would shrink in five of the six quarters until the end of 2023, it said. The ONS said the economy in October stood 0.4% above its pre-pandemic size.
☆ UK on the brink of recession after economy contracts by 0.2% in the third quarter
  + stars: | 2022-11-11 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
The Bank of England has warned that the U.K. is facing its longest recession since records began a century ago. LONDON — The U.K. economy contracted by 0.2% in the third quarter of 2022, signaling what could be the start of a long recession. The preliminary estimate indicates that the economy performed better than expected in the third quarter, despite the downturn. The ONS said the level of quarterly GDP in the third quarter was 0.4% below its pre-Covid level in the final quarter of 2019. Prime Minister Rishi Sunak has warned that "difficult decisions" will need to be made in order to stabilize the country's economy.
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