Headline inflation eased to 3.1% year-over-year (still above the upper end of the central bank’s inflation target range), while core CPI inflation slowed to 2.9% and services inflation slowed to 2.6%. September CPI revealed a slight lull in what has nonetheless been a growing inflation problem for U.K. As a result the pound could face some downside for now, and there may also be some mild downside risk to our forecast of GBP/USD appreciation over the medium-term. Our forecast is for BoE monetary tightening is more gradual than currently anticipated by market participants.We expect a 15 bps hike November, followed by a 25 bps hike in May 2022 and a further 25 bps hike in November 2022. However, in the context of increasingly hawkish comments from Bank of England (BoE) policymakers, we think today’s CPI will be enough for a November interest rate lift-off, and a gradual pace of rate hikes thereafter. By themselves, growth and inflation trends don’t offer an open-and-shut case for an imminent rate hike.In contrast, economic growth has been somewhat uneven and could remain so for the time being. Expect a further quickening of CPI inflation in months ahead. inflation eased slightly in September, although that will likely prove to be a temporary lull given the recent rise in energy prices and signs that underlying wage growth is firming. T-minus 7 hours until the polls open in Chicago and I think I've decided. Well, the (rather extended) family is due to arrive in T-minus 2 hours, my grandparents are already here helping with prep, and my mom and I have been up since 7 in the kitchen baking this year's classic Challah. Nat Geo Channel's solitary confinement campaign kicks off One Twitter follower watching James says: " T-minus 36 hours until you flip to James and he will be floating in a zen-like pose." GOOD PHIGHT: T-minus 12 minutes to the first pitch and I couldn't be more excited. Obama: Don't turn Fort Hood hearings into 'political theater' I'll I can say is T-minus 11+ months and counting to getting our country back! The band is made up of brother/sister duo Ted and Silvia along with drummer Joe Patterson and guitarist Seth Thomas, but live they each boast an exuberant stage name: T-minus, Shorty Circuits, Sweet Joe Pea, and Sex Brains respectively.Ī MusicNerd Podcast with CMYK « PubliCola I showed her a text from a friend: " T-minus 10 seconds till meltdown."Īnd Her Eyes Said Something I Did Not Understand But, Christmas is in T-minus 7 months so we have that to look forward to.
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