US Rates Rise While UK Pay Growth Slows: The US Federal Reserve
💡 Why it matters
Higher US rates could strengthen the dollar and cool American spending, while UK workers face renewed inflation pressure that may force the BoE to keep rates high, affecting mortgage costs and pension increases.
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.
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📡 Where we spotted it (3)
The Guardian
UK pay growth slows to 3.9% before crunch interest rates decision
42d ago
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BBC News
US interest rates raised for first time in three years
40d ago
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BBC News
Watch: Why has the Federal Reserve raised interest rates?
40d ago
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