The Federal Reserve will make its monetary policy statement and announce the official rate on December 19, at 21:00 MT time.
British households are squeezed again
UK households are currently facing the tightest squeeze on their finances for the last three years, while the BoE’s signal that it’s about to lift interest rates will probably make things worse, a poll disclosed on Monday.
IHS Markit revealed in its monthly statement that in September Household Finance Index went down to 42.8 from 43.4 in August, although it’s still above a three-year minimum of 41.6 observed in July.
Assessing the third quarter in general a conclusion arises that the index's average reading turns to be its lowest outcome since 2014.
UK households have been affected by rapidly soaring inflation since the previous year's Brexit vote as well as dismal surges in wages.
Monday's poll disclosed the amount of cash available to spend kept going down at one of the steepest rates observed for the last three years.
The previous week the BoE told it actually expected to lift interest rates in the nearer months if inflation pressure kept building. That statement shocked many market participants.
Find out the main market movers for today and the reasons behind the risk-off sentiment!
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
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