π° News Alert...
π Title: Inflation Figures Boost Chances of December Rate Cut; Gold Prices Climb After Major Sell-Off
ποΈ Published: 2025-10-22
π Summary: Recent inflation data suggests September marked the peak of the inflation surge, coming in weaker than expected at 3.8%. Rob Wood, chief UK economist at Pantheon Macroeconomics, highlights that downside surprises across inflation components increase the likelihood of an interest rate cut in December. However, underlying services inflation remains near 4%, and a return to the 2% target is expected to take time. Meanwhile, gold prices have risen following their largest sell-off in five years, reflecting market uncertainty amid these economic developments.
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ποΈ Source: Rob Wood
π #InflationUpdate #InterestRates #GoldMarket
UK inflation stays at 3.8% as food price rises slow for first time since March β as it happened | Business | The Guardian
Inflation figures raise chance of December interest rate cut