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Bank of England Governor Bailey: I hope people don't leave this room with the idea that "the Bank of England is close to raising interest rates."

2026-07-30

Bank of England Governor Bailey: I hope people don't leave this room with the idea that "the Bank of England is close to raising interest rates."

Other News
2026-07-30

Federal Reserve Chairman Warsh: Providing forward guidance during a crisis is prudent, but not when the situation is stable.

Federal Reserve Chairman Warsh: Providing forward guidance during a crisis is prudent, but not when the situation is stable.
2026-07-30

The Fed's preferred inflation gauge, the PCE price index, fell 0.1% MoM in June — the first monthly decline since 2020 — supporting the Fed's decision this week to hold rates unchanged. Headline PCE slowed to 3.7% YoY from 4.1%. Core PCE (excluding e

The Fed's preferred inflation gauge, the PCE price index, fell 0.1% MoM in June — the first monthly decline since 2020 — supporting the Fed's decision this week to hold rates unchanged. Headline PCE slowed to 3.7% YoY from 4.1%. Core PCE (excluding energy) rose 0.1% MoM, below expectations, and eased to 3.3% YoY from 3.4%. The June cooling was driven mainly by lower oil after a fragile US‑Iran temporarily ceasefire opened space for peace talks. It remains unclear whether inflation will continue to retreat. The PCE gauge has stayed above the Fed's 2% target for the sixth consecutive year.
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