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Jul 4, 2024
BoE DMP Survey: UK companies’ inflation expectations fall further in June
The latest Bank of England (BoE) Decision Maker Panel (DMP) survey for June showed on Thursday that “one-year ahead expected CPI inflation fell by 0.1 percentage points to 2.8% in June.” Key takeaways “Year-ahead own-price inflation was expected to remain unchanged at 3.9% in the three months to June, the same level firms reported in the three months to May.” “Expected year-ahead wage growth fell by 0.3 percentage points to 4.2% on a three-month moving-average basis in June.” “Annual wage growth was 6.0%
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Jul 4, 2024
FOMC Minutes: Seeking more evidence of easing inflation amidst rising growth and labour concerns – UOB Group
The key takeaway from the US Federal Reserve’s (Fed) minutes of its 11/12 Jun 2024 Federal Open Market Committee (FOMC) meeting, was the Fed policymakers’ concern over the slower progress on inflation than what they had expected last Dec (2023), UOB Groups Senior Economist Alvin Liew notes.
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