Economy News
Economic news covering Fed interest rate decisions, inflation data, jobs reports, GDP growth, and macroeconomic trends affecting the stock market.
UK Wage Growth Cools, but Gilt Yields Stay Elevated on Oil Spike
UK private-sector pay growth slowed to 2.9%, but 10-year gilt yields near 5.4% on oil-driven inflation concerns ahead of BoE decision.
Mortgage Rate Divergence: Daily Index Hits 7.22%, Weekly Average at 6.76%
Mortgage shoppers face conflicting rate headlines: daily index at 7.22% vs weekly average 6.76%. Here's why both are accurate and what it means for borrowers.
NY Energy Rebate Checks Mailing Sept. 21; Not Utility Credits
New York will mail $1 billion in energy-rebate checks starting Sept. 21, with up to $200 for eligible households. The state-funded payments are not utility credits and won't directly reduce past-due balances at Con Edison (ED).
UK PIP Caseload Hits 4.1M, Adding Pressure on Autumn Budget
Britain's PIP caseload hit 4.1 million in July, up 2% in three months, intensifying pressure on the autumn budget and gilt market sentiment.
France Weighs €6B Pension Savings but No Final Plan Yet
France aims for €6 billion in pension savings but hasn't decided how. Bond market pressure grows as fiscal challenges persist.
UK State Pension Set for £9.40 Weekly Boost as Earnings Growth Hits 3.9%
The UK State Pension is projected to increase by 3.9% to £250.70 per week from April 2027, based on latest earnings data, though inflation could still alter the final amount.
RBA Faces Inflation Puzzle as CPI Data Delayed Until After Rate Decision
Australia's RBA holds rates at 4.35% as July CPI slows to 3.5%, but trimmed-mean inflation stays sticky at 3.6%. August CPI arrives after the Sept. 29 decision.
Retail Sales Data and Fed Decision Collide on Wednesday
August retail sales data and the Fed's rate decision land on the same day, creating a high-stakes session for markets.
Social Security 2027 COLA Estimate Climbs to 3.5% Ahead of Final Inflation Report
The 2027 Social Security COLA is now projected at 3.5% to 3.6%, pending September inflation data due Oct 14. A 3.5% raise would add about $72 monthly to average benefits.
UK Rents Projected to Surge 5% by Year-End as Landlord Exodus Deepens
Zoopla now expects UK rent growth to hit 4-5% by December, up from its June forecast of 2-3%, as landlord supply tightens despite subdued demand.