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Bank of England chief economist said he is concerned inflation may be amplified through second‑round effects.

2026-11-14

Bank of England chief economist said he is concerned inflation may be amplified through second‑round effects.

Other News
2026-11-14

NVIDIA rose more than 2% in after-hours trading.

NVIDIA rose more than 2% in after-hours trading.
2026-11-14

San Francisco Fed President DALY said Friday that worsening inflation makes further Fed rate hikes likely. Core CPI has risen about 0.3% month‑on‑month for three straight months, above the roughly 0.2% or lower pace consistent with a 2% inflation tar

San Francisco Fed President DALY said Friday that worsening inflation makes further Fed rate hikes likely. Core CPI has risen about 0.3% month‑on‑month for three straight months, above the roughly 0.2% or lower pace consistent with a 2% inflation target. She flagged services inflation excluding housing as particularly poor and potentially sticky. Input costs are rising and more producers say margins can no longer absorb costs and are considering passing them to consumers. DALY said she will discuss hikes at the December meeting and future meetings, with decisions collective and data‑dependent. Markets currently price 25bp hikes at the Dec. 8–9 and Jan. 26–27 meetings. She will watch consumer spending over the next one to three months, especially holiday demand; consumption remains resilient overall but some regions show signs of weakening momentum.
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