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...This pattern of “disinflation at full employment is unusual . . . in our modern history” and “quite striking”, Bank of England governor Andrew Bailey said last week....
...BoE governor Andrew Bailey told the FT last week that markets are right to expect more than one rate cut this year and he was increasingly confident inflation was heading towards target....
...“There’s more demand-led inflation in the US.” Bailey’s sanguine tone came even after official data released in London the same day gave traders pause for thought....
...“One of the things it tells us is that monetary policy has done its job,” he said. “I am more confident, yes,” he added....
...The V&A’s new show, Tropical Modernism, revolves around this odd confluence....
...Because for as long as many of us can remember, V-neck sweaters have been all but verboten — existing somewhere in the style hinterland between twisted jeans and square-toed tan leather loafers from Shoe...
...Photo City: How Images Shape the Urban World at the V&A Dundee is a terrific exploration of the exchanges between the ways cities have been photographed and of how those images have shaped the subsequent...
...Puzzle 2558 Samuel Sevian v Wojciech Przybylski, Titled Tuesday 2021. White to move and win. Click here for solution...
...These could be via the participation of the same hedge funds in both US Treasury and gilt markets, and also more indirectly via disruption to the systemically important US Treasury market. 70x leverage!...
...It reminds us that history continues to be written in blood and armour plating as well as twee half-timbering....
...At a press conference with Bernanke, Andrew Bailey outlined the reservations of some MPC members about publishing an interest rate forecast....
...On April 6, hedge fund billionaire John Paulson hosted an event that the Trump campaign claimed raised $50mn, which would be the biggest political fundraiser in US history....
...The second point gets us more into the warm, welcoming economic weeds....
...Britain’s export licence deferral system was set up in 1952 precisely to halt the exodus to the US of great art....
...The BoE’s guidance contrasted sharply with the US Federal Reserve, which triggered a market rally overnight by opening the door to interest rate cuts in the new year....
...“We’ve got some pretty big plans,” Bailey added....
...With views like these, you will understand that my ears pricked up when Bank of England governor Andrew Bailey gave evidence to UK parliamentarians last week....
...Bailey said the BoE had been “challenged by the sheer scale and unpredictability of the shocks that have hit us” but that conditions were now calmer and there was now “an increasingly positive story to tell...
...Bailey’s messaging chimed with the US Federal Reserve, which also held rates this week after similar decisions from the European Central Bank and Bank of Canada....
...“The dynamics for inflation are rather different now, between Europe . . . and the US. I think there’s more demand-led inflation in the US than we’re seeing.”...
...Bailey said rate cuts were “in play” at future BoE meetings this year adding that the fight against inflation was “an increasingly positive story”....
...Sunak said “everyone is predicting us to grow this year”....
...Federal Reserve chair Jay Powell has warned against the risk of being “misled” by favourable US data on prices, saying the mission to return inflation to the central bank’s 2 per cent target had a “long...
...The album’s genesis lies in Bailey Rae’s artist’s residency at a black American arts centre in Chicago....
...November meeting, the central bank has been stressing it is too soon to talk about reductions in borrowing costs given signs of stubborn inflation in the UK economy — a message that others including the US...
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