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...Today, the ratio has switched; 80 per cent of stock in store is her own-brand gloves....
...He says, however, that Hermès’ investment in its distribution network and the expansion of existing stores means there is more space for watches....
...US gross domestic product would expand by 2.1 per cent this year, officials predicted, compared with their previous forecast of 1.4 per cent....
...The market for Treasuries was relatively calm in comparison to stocks, which sold off after some Federal Reserve officials stirred investor concerns over the outlook for interest rate cuts this year....
...Despite stronger than expected inflation figures since then, the Fed’s March dot plot reaffirmed its expectations of three cuts, even as officials raised their outlook for inflation and growth this year....
...Both indices have risen since the Federal Reserve met last week, when officials kept rate cut forecasts steady, even as they wagered that inflation would run hotter than previous forecasts....
...According to the minutes officials discussed “an eventual decision to slow the pace of run-off” — an indication that a slowdown in the pace of QT could still be a way off....
...Federal Reserve officials remained “highly attentive” to inflation risks and wary of cutting interest rates too quickly, according to the minutes of its January meeting, pouring more cold water on market...
...Benchmark borrowing costs in the UK surged on Tuesday after official figures also showed UK manufacturing activity had unexpectedly returned to growth for the first time in two years....
...Kate Duguid...
...The drop on Tuesday was unlikely to represent a longer-term trend for stocks, analysts said, as both indices have been on the rise since the Federal Reserve meeting last week, at which officials kept interest...
...“Last week I was in Paris seeing products in stores that we’d made over here. It was a moment for all of us because everyone at the mill has a part in that.”...
...Kate Duguid Will the Bank of England hint at interest rate cuts?...
...At that meeting, officials kept interest rate cut forecasts steady, even as they wagered inflation would run hotter than previous forecasts....
...Kate Duguid Will China’s services sector drag down markets?...
...Songs of praise can be sent to kate.duguid@ft.com. All complaints to ethan.wu@ft.com....
...Bond yields jumped, stocks slid and markets pushed back their forecasts of summer rate cuts after official data showed a 3.5 per cent increase in consumer prices for the year to March....
...In recent months the Caixin PMIs have outperformed their official counterparts from the National Bureau of Statistics, which focuses on larger and more state-owned businesses....
...Despite the rise in expected inflation, officials still anticipated 0.75 percentage points of cuts this year. Kate Duguid Does the gold rally have further to go?...
...Kate Duguid Are UK wages still surging? Solid wage increases in the UK have left the Bank of England cautious about cutting interest rates....
...His official 1953 Coronation portrait of Elizabeth II was in fact taken at home, according to the royal biographer Robert Hardman, with a fake Abbey backdrop....
...More swings like that may be in store if the market is forced to adjust to the Fed’s view....
...In their December “dot plot”, Fed officials indicated they expect to cut interest rates three times this year. They will release their latest forecasts at their upcoming meeting in March....
...US Federal Reserve officials still expect to make 0.75 percentage points worth of interest rate cuts this year, signalling confidence that inflation is cooling sufficiently to reduce borrowing costs....
...Her late dad, who had a jewellery store in LA and taught her how to run a business, wore a Rolex. “Anytime I see a Rolex, I remember my father,” she says....
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