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Wealth Design News

Interest Rate Cuts?

UK – no growth and cooling jobs market, but no change for rates

The UK’s economic growth from the first quarter evaporated in April as the size of the UK economy was unchanged. Growth in the services sector slowed but it was still enough
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Interest Rate Cuts?

ECB and Bank of Canada cut interest rates

This week brought the first interest rate cuts for developed economies as the inflation caused by pandemic-era shortages has slowed enough for central banks to begin easing. The shift to rate
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Interest Rate Cuts?

Markets turn less optimistic on rate cuts

This week a general sense of pessimism returned to bond markets as the prospect of central bank rate cuts has been pushed back, again. Leading the case for higher for longer
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Inflation falls

UK fall in core inflation more modest than expected

UK inflation fell sharply last month. CPI dropped to 2.3% from 3.2% in March as lower energy prices took effect. Core inflation, excluding volatile food and energy costs, also fell, although
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Unemployment rising

Further signs that UK jobs’ market is cooling

UK unemployment increased to 4.3% in three months to April. Although the Office of National Statistics has some concerns about the accuracy of this figure, other data also points to a
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Economic growth returns

UK Economy returns to growth

This week brought some good news for the UK. Surprisingly strong growth in the first quarter of the year has pulled the UK out of recession. This needs to be
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Interest Rate Cuts?

Federal Reserve more cautious on rate cuts

This week has brought official confirmation of several recent trends. Sentiment is often hard to pin down. It evolves over time, sometimes quite swiftly, and so defining exactly how people feel
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FTSE 100

FTSE 100 hits all time high but valuations still lag peers

The FTSE 100 hit a new all-time high as it rose above 8,100 to exceeded the previous high set in February 2023. The growth of US and Japanese equities has attracted
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Inflation falls

Falling UK inflation opens the way for rate cuts before USA

UK CPI inflation slowed to 3.2% in March due to falling food prices and lower energy costs. This is down from 3.4% in February. Core inflation (excluding volatile food and energy
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