After a decade dominated by extraordinary monetary stimulus that has kept interest rates and consumer prices at bay, the dog that didn’t bark is finally showing signs of life: inflation. As seen on the chart, both US and UK wage inflation have spiked in a tightening labour market – an old textbook recipe for further price increases to come. However, one has to look beyond the headlines to depic…Read the article
Few eyebrows were raised after the Bank of England raised rates: the last time unemployment was this low, the City of London was full of bowler hats – fund manager Matthew Russell says from the Bank of England.
Don´t miss Matthew´s blog: BofE – The unreliable boyfriend finally comes through with the chocolatesWatch the video