Tagged: inflation

April 4, 2024 @ 7:54 am By Omar Faridi  |  

Karim Haji, Global and UK Head of Financial Services at KPMG, comments on the recent Money and Credit data from the Bank of England. Karim noted that mortgage approvals rising for the fifth month in a row shows the housing market recovery “is still moving… Read More

January 31, 2024 @ 2:47 pm By JD Alois  |  

The US Federal Reserve announced that it has decided to hold benchmark rates steady at a rate of 5.25% to 5.5% today, as the Wall anticipated. The statement issued by the Federal Open Market Committee (FOMC) indicated that job gains have moderated since early last… Read More

January 22, 2024 @ 10:51 pm By Omar Faridi  |  

Despite a December rise, inflation is expected “to continue falling this year” says Yael Selfin, Chief Economist at KPMG UK. The KPMG UK team noted that the expected fall in the energy price cap in April “could see inflation returning to target by spring. Nevertheless, disruptions… Read More

January 10, 2024 @ 8:40 am By Omar Faridi  |  

The Royal Bank of Scotland Report on Jobs survey signalled a fresh decline in permanent staff appointments across Scotland during December. The pace of reduction was reportedly “the strongest since April, as growing economic uncertainty weighed on hiring decisions and discouraged workers from seeking new… Read More

December 31, 2023 @ 1:39 pm By Omar Faridi  |  

Central banks will likely keep interest rates higher for longer in economies with persistently elevated core inflation (excluding food and energy prices), according to an update shared by the International Monetary Fund (IMF). The IMF noted that the high-interest-rate environment, which recently “triggered banking sector… Read More

December 18, 2023 @ 7:54 am By Tony Zerucha  |  

M1, an investing platform that allows users to invest, borrow, spend, and earn in one place, this week released findings from its 2023 holiday shopping and saving survey, gleaned from insights from nearly 700 M1 users. The findings provide a comprehensive look into the significant… Read More

November 29, 2023 @ 8:07 am By Omar Faridi  |  

Lower inflation levels around the globe should allow central banks to slash rates, according to a recent repot which also noted that US equities could potentially reach a record level of 5000 on the S&P by year-end. Few have experienced today’s macro uncertainty in their… Read More

November 21, 2023 @ 10:26 pm By Omar Faridi  |  

For SMEs, the year 2023 could mark a “turning point.” They have shown resilience “despite persistent inflation and the war in Ukraine, but they are now having to face rising interest rates which is making life tough for them for three reasons,” according to iBanFirst,… Read More

November 3, 2023 @ 3:14 pm By Omar Faridi  |  

KPMG UK has announced the promotion of over a thousand partners and colleagues, as the professional services firm “continues to invest in the development of its talent. ” The latest round of promotions “includes 56 new partners and 116 directors.” A further 833 colleagues have also… Read More

November 1, 2023 @ 3:49 pm By JD Alois  |  

The US Federal Reserve held rates steady today following a meeting of the Federal Open Market Committee (FOMC). While inflation remains stubbornly high and economic activity robust, the Fed decided it was better to wait and see if the following months of rapid rate increases… Read More

October 26, 2023 @ 9:15 am By JD Alois  |  

The Governing Council of the European Central Bank (ECB) has decided to hold rates steady today. The Council indicated that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at… Read More

October 23, 2023 @ 10:39 pm By Omar Faridi  |  

Nucleus Financial Platforms, one of the UK’s independent adviser platform groups, explains the impact of today’s inflation figures “on triple lock calculations for state pensions from April 2024 and calls for a sensible discussion around the future of the triple lock and the state pension… Read More

October 23, 2023 @ 11:10 am By Omar Faridi  |  

The vast majority of SME finance professionals expect the Government to miss its target of halving inflation by the end of the year, iwoca’s Q2 2023 SME Expert Index finds. The new research, carried out with over one hundred SME finance brokers “who collectively submitted… Read More

October 18, 2023 @ 10:21 am By JD Alois  |  

The UK Consumer Prices Index (CPI) rose by 6.7% in the 12 months to September 2023, the same rate as in August, according to the UK Office for National Statistics. The CPI rose by 0.5% in September 2023, the same rate as in September 2022…. Read More

October 15, 2023 @ 10:19 pm By Omar Faridi  |  

A market report has highlighted some key developments from the past week, including the following updates: Bank of England’s chief economist highlights challenge ahead for policymakers Hotter-than-expected US inflation leads to mixed trading ahead of bank results Microsoft takeover of Activision approved by regulator Middle… Read More

September 30, 2023 @ 4:31 pm By Omar Faridi  |  

U.S. retail investors remain optimistic about reaching their investing goals even as student loan payments resume and the threat of a recession looms, according to data from the latest Retail Investor Beat from trading and investment network eToro. In the short term, investors are still… Read More

September 29, 2023 @ 1:58 pm By Omar Faridi  |  

A report has looked into how consumers are managing higher mortgage rates and adapting their spending due to inflation. This along with other key insights are shared in the KPMG UK’s latest Consumer Pulse research. KPMG’s Consumer Pulse survey “tracks how over 3000 consumers across… Read More

September 28, 2023 @ 11:32 am By Omar Faridi  |  

The number of first-time buyers in Scotland reportedly “fell by 14% between January and August 2023, compared to the same period in 2022,” according to the latest Bank of Scotland First-Time Buyer Review. This fall is not as sharp as the picture “for the UK… Read More

September 26, 2023 @ 9:01 am By Omar Faridi  |  

High interest rates, continued uncertainty and low productivity could see the UK struggle to keep its head above water “in the second half of the year – with GDP growth forecast at 0.4% in 2023 and 0.3% in 2024,” according to KPMG’s latest UK Economic… Read More

September 19, 2023 @ 7:33 pm By Omar Faridi  |  

A survey from Xero, the global small business platform, has revealed that over half (53%) of small businesses in Canada “cited inflation as impacting their cash flow management in the last six months.” Some businesses have been so heavily impacted “that nearly one-third (31%) of… Read More