DATA PREVIEW: INFLATION SPECTER REAPPEARS EVERYWHERE BUT THE DATA
–CPI on Wednesday; UMich on Friday WASHINGTON (MaceNews) – The Consumer Price Index is reported on Wednesday by the Bureau of Labor Statistics and is not expected to exhibit any sudden acceleration, particularly since its driving force, the shelter index, has been moderating for five months. The consumer price measure plays a big role in […]
BANK OF ENGLAND RATE SETTER HINTS AT MPC DISAGREEMENT OVER NEGATIVE RATES
By Laurie Laird LONDON (MaceNews) – A top Bank of England official suggested Friday that rate setters have yet to agree on the merits of implementing negative rates in the UK. “Different members of the MPC will have a different take” on the efficacy of sub-zero interest rates, said Dave Ramsden, a member of the […]