UK inflation holds steady at Bank of England’s 2% target, above expectations
Read Time:3 Second
The Office for National Statistics released inflation figures for June on Wednesday.
Consumer spending held up in September, underscoring a resilient economy.
Economists polled by Reuters expected the headline rate to come in at 1.9% in its first dip below the Bank...
In fact, economists at Goldman Sachs think the Fed may already be there.
While tax hikes are focused on big corporations and high earners, the budget also contains politically-controversial measures.
The producer price index was expected to show a 0.1% increase in September, according to the Dow Jones consensus.
The U.K. economy had previously recorded modest but steady expansion in almost every month this year, but flatlined recently.