NIESR Urges Bank of England to Raise Key Rate to 5% to Tame Inflation
NIESR urged the Bank of England to raise interest rates to 5%, warning that a single further hike would leave inflation above target until late 2030.
NIESR urged the Bank of England to raise interest rates to 5%, warning that a single further hike would leave inflation above target until late 2030.
October CPI rose 0.4% month over month and core prices 0.3%, both above forecasts, BLS data showed. Markets opened lower as Fed December expectations shifted.
How CPI day moves stocks: expectation versus actual, sector reactions, and what traders and long-term investors should watch before and after the inflation prin
Weekly market regime: S&P 500 down 5.56% in a month, Consumer Staples up 10.26%, Technology down 18.20%, VIX at 25.64, 10-year yield 4.86%, CPI at 3.74%.
Bank of England raises interest rates to 4% on November 5, 2026, the first increase in three years, citing Middle East conflict and energy prices.
US GDP grew 3.4% annualized in Q3 2026, beating the 3.2% forecast, on strong consumer spending and AI investment, the Commerce Department said October 29.
Conference Board consumer confidence rose 7.5 points to 91.7 in October 2026 as gas prices eased; inflation expectations stayed elevated at 5.8%.
Weekly market regime review: S&P 500 down 1.48% in a month, Energy up 10.75%, Communication Services down 7.44%, VIX at 19.45, 10-year yield at 4.99%, WTI near $101 and CPI at 3.74%.
New York Fed President John Williams said one more 2026 rate hike may be appropriate but sees no reason for more in 2027, diverging from market pricing.
Fed minutes from September 2026 show officials expect another rate hike, but timing remains uncertain after weak September jobs data.