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The Latest Breaking News from Pantheon Macroeconomics

US Hiring Misses Expectations In February, Jobs Market Sees Pressure

The United States added fewer jobs than expected in February and the unemployment rate ticked up, government data showed Friday, while analysts warn cracks are appearing in the labor market as President Donald Trump returned to office.

International Business Times

Stock Market Today: Stocks Waver as Big Tech Slumps on Spending Concerns

Markets seesawed amid worries over massive costs for artificial intelligence and mixed economic news.

Kiplinger

Why has inflation fallen and why is this good news for the Government?

The latest data has raised expectations that the Bank of England could cut UK interest rates again next month.

Evening Standard

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December inflation set to stay at 2.6% in ‘reprieve’ for UK economy

The rate of Consumer Prices Index (CPI) inflation is expected to have come in at 2.6% last month, unchanged from November.

Evening Standard

Growth in UK construction sector slows to six-month low as housebuilding drags

The latest S&P Global construction purchasing managers’ index (PMI) scored 53.3 in December, down from 55.2 in November.

Evening Standard

UK interest rates set to be held at 4.75% after inflation rises again

The Bank of England will announce the results of its next policy decision on Thursday.

Evening Standard

US Retail Sales Slow In October After Hurricanes

Analysts noted that devastating hurricanes in recent months likely disrupted consumption after the government data were released Friday.

International Business Times

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UK economy flatlines in July for second month running

THE UK economy flatlined in July for the second month in a row, according to the latest official figures, as the Chancellor said she is “under no…

The National (Scotland)

UK Consumer Inflation Rate Unexpectedly Decreases In November

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

International Business Times UK

US Home Sales Edge Up In November But Still Gloomy

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity.

International Business Times

Average UK house price £14,500 lower in September than a year earlier

Some experts suggested that the house price downturn may only have a few months left to run, amid wider developments in the economy.

The Independent UK

Housing market affordability is so out of whack that 'the bulk of the drop in home prices is yet to come', says Pantheon Macroeconomics

Pantheon Macroeconomics: "We are baffled by the emerging narrative in the commentariat that housing is now recovering, because it isn’t."

Fortune

Mortgage approvals to home-buyers increase for first time in six months

Some 43,500 mortgages were approved for house purchase in February, up from 39,600 in January, according to Bank of England figures.

People

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