US inflation rises more than expected ahead of midterm elections
The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.
‘Ugly’ jump in US inflation, driven by gasoline prices, in blow to Trump before midterm elections – business live
Rolling coverage of the latest economic and financial news, including the IMF meeting in Thailand and the IEA’s new oil market reportFull story: US inflation rose to 3.7% in SeptemberGlobal financial system is failing developing countries, says Ed MilibandUK government borrowing costs are dropping this morning, which will please John Healey and the IMF alike!The yield, or interest rate, on UK 10-year bonds is down 3.5 basis points to 5.4%, while thirty-year bond yields are 3bps lower at 5.89%.Chancellor John Healey is expected to pay for all new giveaways in this month’s Budget — including a cost-of-living package — with higher taxes or spending cuts rather than more borrowing.People briefed on UK Budget preparations told the FT that the October 28 fiscal package would be “scorecard positive” in 2029-30, the final year of the parliament, meaning that all extra discretionary spending was
Graeme WeardenBusinessEconomics
