Nomura now sees no Fed rate cuts in 2026 as inflation pressure builds
Nomura no longer expects the Federal Reserve to cut interest rates in 2026, marking a hawkish shift from its earlier view that the central bank would deliver two reductions later…
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Category: Business
UK retail sales fall 1.3% in April amid consumer uncertainty
British retail sales volumes fell by 1.3% in April every month, official data published on Friday showed, underscoring continued pressure on consumers amid geopolitical uncertainty and rising energy costs. Economists…
UK borrowing hits its highest level amid Iran war concerns
Britain’s public finances recorded their biggest April shortfall since the COVID-19 pandemic, highlighting mounting fiscal pressures facing finance minister Rachel Reeves amid the economic fallout from the Iran war. Official…
UK PMI drops to 48.5 amid Iran war and political uncertainty
British companies are experiencing their most widespread decline in activity in more than a year as the economic effects of the Iran war and domestic political uncertainty weigh heavily on…
US jobless claims fall to 209,000 as US labour market remains relatively stable
The number of Americans filing new applications for unemployment benefits fell slightly last week, suggesting the US labor market remains relatively stable even as policymakers grow increasingly concerned about inflation…
IMF warns France on fiscal risks as deficit lingers
The International Monetary Fund warned on Thursday that France faces growing public finance risks as efforts to tighten the budget continue to lag while debt levels remain elevated. Following its…
Polymarket, Kalshi win big as Thomas Massie loses in Kentucky
Polymarket and Kalshi, two of the biggest players in the prediction market, were some of the biggest winners overnight as Thomas Massie lost his election primary. Thomas Massie loses in…
UK inflation slows to 2.8% despite Iran war energy shock
British consumer price inflation slowed to 2.8% in April from 3.3% in March, according to official data released on Wednesday. The reading came in lower than economists’ expectations. Analysts polled…