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Showing posts with the label Inflation

The Bank of England Raised Rates for the First Time in Three Years — Because Energy Prices Left It Little Choice

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NEWJIN MEDIA Monday, November 9, 2026 Economy · United Kingdom Bank Rate 4% Bank of England Raises Rate to 4% as Energy Drives Inflation Bank Rate is now 4%. Inflation, at 3.5% in September, is heading for about 5% by the middle of 2027 — and the January energy bill is the next test. NEWJIN MEDIA · November 9, 2026 01 The Bank of England on Threadneedle Street, London. Archive photo. DAVID ILIFF · Original · CC BY-SA 3.0 Bank Rate 4.00% Up from 3.75% on November 5, 2026. First rise since August 2023; MPC voted 8–1. UK inflation 3.5% Consumer prices, September 2026. The Bank’s target is 2%. Projected peak ~5% Expected by mid-2027, driven by energy. Return to 2% projected for Q3 2028. Bank of England, November 2026 Monetary Policy Summary. 01 The decision The decision The Bank of England raised Bank Rate to 4% on 5 November 2026, its first rise since 2023, as energy prices push UK inflation toward 5%. Its Monetary Policy Committee voted 8–1 ...

September PCE: Americans Spent More Dollars, but Bought Barely More

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ECONOMY / THE PURCHASING-POWER ISSUE September PCE: More dollars. Barely more. September PCE The receipt is not the basket. NEWJINMEDIA · October 31, 2026 A shopper checks her phone beside grocery shelves in Washington, D.C. Archival USDA photograph. USDA Food and Nutrition Service · Source · Public domain +0.5% dollar spending · less than +0.1% real consumption · −0.3% real disposable income The receipt grew faster than the basket Americans’ consumer spending rose 0.5 percent in September 2026, but the increase looked very different after inflation. Real personal consumption expenditures rose by less than 0.1 percent, while inflation-adjusted disposable income fell 0.3 percent. The Bureau of Economic Analysis released those estimates on October 29. The important contrast is not between a good number and a bad number. It is between paying more dollars and receiving a larger volume of goods and services. The PCE price index increased 0.5 percent from August and 3.6 percent from a y...

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