The Labour Party has claimed that since it was elected to Government, the Bank of England has cut interest rates “five times in a row”. The party said: “Interest rates have now been cut five times in a row since Labour came into power.” The message was also shared in a social media graphic which…
A version of this post first appeared on TKer.co After hitting a few bumps over the past month, the bull market resumed and stocks hit record highs last week. This happened despite some notable headwinds intensifying in recent months. Long-term interest rates, while off their highs, remain above levels we’ve experienced in recent years. This…
Even the most pessimistic economic forecasters did not anticipate the sharp downturn in economic momentum reflected in the Gross Domestic Product (GDP) estimates for the July-September quarter. From a five-quarter low of 6.7% in the first quarter (Q1), most independent economists expected GDP growth of 6.5% in Q2, citing slackening urban demand indicators such as…