US Rates Rise While UK Pay Growth Slows: The US Federal Reserve

The US Federal Reserve raised interest rates for the first time in three years in a unanimous decision, overruling President Trump's call for a cut. UK wage growth slowed to 3.9% amid an Iran-driven cost of living squeeze, ahead of the Bank of England's next rate decision.

🐿️ The Fed's hike is a bold stash move, but the UK's slowing wage growth suggests the Bank of England might hold off on its own nut-gathering for now.