#huw pill

[theinconvenientlifestyle]

Britons ‘need to accept’ they’re poorer, says Bank of England economist | Bank of England | The Guardian

British households and businesses “need to accept” they are poorer and stop seeking pay increases and pushing prices higher, the Bank of England’s chief economist, Huw Pill, has said....

Last year, BoE governor Andrew Bailey, was widely criticised after saying workers should not ask for big pay rises, to try to stop prices rising out of control.

Pill’s comments risk attracting fresh criticism that Threadneedle Street is out of touch over the cost of living crisis, at a time when public sector workers have been striking as they sought pay rises to match, or beat, inflation.

They come on a day in which Nestlé, PepsiCo and McDonald’s have all reported that higher prices boosted their sales this year, and as UK families face 17.3% grocery inflation in supermarkets.

Bailey was paid £495,000 in the year to 28 February 2022, while Pill was paid £88,000 for his first five months and 24 days, according the the central bank’s annual report, taking his annual salary to £180,000. According to the latest official data, median average household disposable income last year was £32,300.

The headline rate of inflation in the UK fell by less than expected in March, to 10.1% from 10.4% in February, as households came under pressure from food and drink prices soaring at their fastest annual rate since 1977.

#uk politics #ukpol #bank of england #huw pill

[collapsedsquid]

Shaming britain for being the only ones to try degrowth

[thessalian]

Thess vs the Bank of England

So the Bank of England has now literally said, “Britons need to accept that they are poorer now”. Now, in very small fairness to them, they have stated that this means that companies should not be jacking up the prices on everything in order to maintain their profit margins. However, it’s also being used to beat the drum of, “Stop asking for wage increases”, and it’s flagged up that a lot of the main companies found that higher prices boosted their sales revenue this year and we’re looking at nearly 20% on food inflation. That’s not even counting the bullshit with the energy companies.

Keep in mind that this statement came from the Bank of England, who is run by a man who makes nearly £500k per year. Said governor, Andrew Bailey, was the first one to say that we have to stop asking for pay rises. The chief economist, Huw Pill, makes nearly £200k per year.

Median salary for people in the UK? £32,300.

So the words, “Easy for them to say” ring rather loudly.

Now, if they were explicitly saying, “Look, companies cannot stunt their staff’s wages to increase their profit margins this way because you will end up with no one being able to buy anything and everyone loses, so suck up the reduced profit margins, for fuck’s sake”, that would be one thing. But of course, that’s not how the economy works anymore. All that matters is that the numbers are higher than last year. There’s nothing backing this money ... except other people’s hard work. And companies are abusing the fact that no one really seems to understand this ... or, if they do, are called socialists or communists or worse if they call it out.

The fact is that people’s labour hasn’t been valued properly in a very long time, because corporations have been devaluing it for decades. We’re more productive than ever, and we have less and less to show for it. We deserve pay rises more than these ultra-wealthy jackasses need a new boat. And people on six-figure salaries have a fucking nerve telling people who are barely surviving (if they are indeed doing that well) that “you have to get used to being poorer now”. Those people this shithead’s talking about? They were already used to being poor. And no one should have to get used to being fucking destitute.

I own my privilege in that my mother took full advantage of every opportunity to get financially ahead in the 80s and 90s and is now reaping the benefits, and is at least understanding enough of current circumstances to help me. I’d be boned if I didn’t have that financial safety net. I mean it - I could not manage. Even with that, there’s a reason I took more hours at work, that reason being I can’t really afford not to. I want and need to manage on my own as much as possible, but it’s difficult because, you know, disabled. The extra five hours a week were a mistake. I am already feeling how much of a mistake that was. But I haven’t really got a choice, so I’m just going to have to spend some of that lovely extra money on painkillers and carry on. Because it’s only going to get worse from here.

So ... yeah. Here’s me, with my fibromyalgia and my dietary restrictions and all of it making life difficult financially. If I had to pay rent, I’d ... I just wouldn’t be able to. If I can barely manage a six-hour workday when I don’t even have to commute, I can’t imagine a standard workday. (I’d say 9-5, but I don’t know if that’s even standard anymore; somehow it feels overly generous for the world today.) Add a commute into the equation on top of that? I remember how it was before I went on long-term sick leave to pursue a diagnosis on all this; how I ended up spending almost half my day near or in tears from the pain. And I think how lucky I am, because without support, I’d still be doing that, and I wouldn’t be living in half as nice a place. And even with that, I’m still pushing myself harder than I should to manage all the stuff that isn’t rent.

And these jackasses with their six-figure salaries are telling people like me - and more to the point, those who are worse off than I am - that they have to get used to being even poorer?

Part of this is being hangry, I admit. Dinner’s in the oven, and tomorrow’s online grocery shopping day, and I am going to arrange my purchases so I have the fixings for quick lunches that I can eat at the “employment” side of my desk. And then I will get in the habit of actually bringing those to my desk first thing so I don’t forget while in The Zone. Anyway, part of this is hangry, but most of it is just ... there’s not even a word for what it feels like to live in this country anymore. There’s anger and there’s sadness and there’s blind panic and creeping terror and this miserable resignation and ... it’s all bad, put it that way.

At least I will feel better after I’ve eaten. I’m just tired of having to feel this fortunate to be eating at all. It’s more than a lot of the people who’ve been told to “just accept that you’re poorer and stop asking for a raise” can do today.

#Thess on economics

[taylsthetrap]

The rage I feel at the bank of England (Huw Pill specifically) saying "people need to accept that they're poorer" despite his salary being about £190,000.

A man who clearly doesn't understand how bad things actually are, with people genuinely struggling to make it through each month.

It not just people on benefits that are struggling to make it through each month. People who work 40 hours a week are hardly getting by. People are literally working full time jobs and still having to use food banks to get by.

But yeah we just need to accept that were poorer whilst he gets pay rises and bonuses.

Man maybe we really should just eat the rich, there's plenty of good recipes for red meat.

[intergalacticcocksucker]

#maturemen #sexy daddy #handsome daddy

[beardedmrbean]

Britain's new Prime Minister Liz Truss on Wednesday readied the final details of a plan to tackle soaring energy bills, which looks likely to cool inflation but add more than 100 billion pounds ($115 billion) to the country's borrowing.

On her first full day as Britain's leader after replacing Boris Johnson, Truss told parliament she would support businesses and households who are bracing for a recession that is forecast to start later this year.

Sterling fell to its lowest level against the U.S. dollar since 1985, in part due to worries among investors about the scale of debt that Britain will have to sell to fund the energy support plan, and the tax cuts that Truss has also promised.

A source familiar with the situation told Reuters that Truss was considering freezing energy bills in a plan that could cost towards 100 billion pounds, a major turnaround from her rejection of "handouts" during the early stages of the Conservative Party leadership campaign.

Deutsche Bank said the energy price support and the promised tax cuts could cost 179 billion pounds, or about half Britain's historic pandemic spending push which dealt a blow to the country's public finances.

Truss ruled out demands by the opposition Labour Party that she fund some of the spending by raising taxes on energy firms.

"I am against a windfall tax. I believe it is the wrong thing to be putting companies off investing in the United Kingdom," Truss told lawmakers.

She is due to give details of the energy support plan in parliament on Thursday.

MORE BORROWING

Her finance minister Kwasi Kwarteng, also on his first full day in the job, said borrowing would be higher in the short term to provide support for households and businesses and fund the tax cuts.

"We need to be decisive and do things differently. That means relentlessly focusing on how we unlock business investment and grow the size of the British economy, rather than how we redistribute what's left," he told business leaders.

The pound sank its lowest level against the dollar since 1985 at $1.1407 and was down almost 1% against the euro too.

While the fall in sterling could add to the inflation pressures in the economy, the expected price freeze plan was likely to help ease the cost-of-living squeeze on consumers which had been shaping up to be the most severe in decades.

BoE Chief Economist Huw Pill said the plan could slow inflation - which surpassed 10% in July - although it was too soon to say what the implications for the central bank's run of interest rate increases would be.

The BoE forecast in August that inflation would exceed 13%, and some economists have said it recently could top 20% if gas prices - pushed up by Russia's invasion of Ukraine - stay high.

Pill also said the BoE would not allow the surge in government spending to fuel demand in the economy to the point where it pushed up inflation.

Nonetheless, investors scaled back their bets on a 75-basis-point rate hike at the BoE's next scheduled monetary policy announcement on Sept. 15 to 60% from almost 80% earlier on Wednesday. Two-year British government bond yields also dropped.

Kwarteng met BoE Governor Andrew Bailey and told him that "independence is really a cornerstone of how we see managing the economy," comments that seemed aimed at reassuring investors that the new government would not pressure the central bank.

Early in the Conservative Party leadership campaign, Truss said the government should set a "clear direction of travel" for monetary policy although she subsequently struck a less interventionist tone.

Kwarteng said he and Bailey would meet regularly, initially twice a week, to coordinate economic support.

#nunyas news #gonna cut taxes and spend more #that'll be interesting to see get pulled off

[inkovsky]

Hong Kong stocks rebounded by more than 300 points in the early session, but were hampered by resistance at the 16,000 barrier and the market ended in decline. The Hang Seng Index opened 189 points higher and rose as much as 346 points. It reached a high of 15,912 points and then fell repeatedly. It fell 130 points in the afternoon and hit a low of 15,435 points. It closed at 15,533 points, down 32 points or 0.21%. The technology index closed at 3,043 points, down 22 points or 0.72%. The main board's total trading volume for the whole day was HK$103.1 billion.

The Hang Seng Index fell 418 points, or 2.45%, for the week. The technology index fell 142 points, or 3.77%, for the week.

The Hong Kong stock market is currently mainly affected by the mainland market. Last week, news broke that mainland China's RMB 2 trillion stabilization fund had entered the market, which led to a rebound in the Hang Seng Index, but it was unsustainable thereafter. Amid the weakness of A-shares, the Hang Seng Index lacks upward momentum and is expected to test its previous low of 14,794 points again this week, or even test the 2022 bear market low of 14,597 points. If the Hang Seng Index rebounds in the short term, the 50-DMA (16,379) will still be an important short-term resistance.

European stock markets developed individually, with British stocks falling slightly by 0.09%, French stocks and German stocks rising by 0.05% and 0.35%.

The number of new non-farm jobs in the United States far exceeded expectations, and the strong job market has led to a sharp drop in interest rate cut expectations. After the US stock market opened 74 points lower on Friday, the decline quickly expanded to 183 points, once as low as 38,336 points, and then reversed at most. It rose 263 points, reaching a high of 38,783 points. It still rose more than 100 points at the close, reaching a new high with the S&P 500. Led by Meta and Amazon, the Nasdaq performed relatively strongly; the S&P 100 once rose by 1.41%, and the Nasdaq rose as much as 1.97%.

At the close of the U.S. market, the Dow rose 134 points, or 0.35%, to 38,654 points; the S&P 500 rose 52 points, or 1.07%, to 4,958 points; the Nasdaq rose 267 points, or 1.74%, to 15,628 points.

The US dollar index once rebounded 0.96% to 104.04; the yen once fell 1.47% to 148.58 per dollar. Huw Pill, chief economist of the Bank of England, said that there is still some distance between the launch of the first interest rate cut, and the pound fell by up to 1.02%, as low as $1.2613.

[wpdariacutnes]

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Stella: *wery chill a paris* wellcome a weekend and self brake a wery dush Hill matcher erodic

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Icident a anber on lot (canda 24 sidacion):::

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Rene: a alia how on huw it?

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Gary: vodka

Anber: das vile get nickname vodka because name is slang or sowing

Gary: no i say a vodka help a more hot staws a taco food

Anber: jezz you so slow

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Anber: sure it bow a gay man's is lime enifing gags no rezan but wife car relly one make not a dys stang fish Bull tea

Gary: yeah I see it

Anber: good boy because layer coll you a do

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Sara: a how deam zero

Anber: zero been a hanka self a me been on gosht type eke: onkar bitch so dys point yeah so rolaity a axl say bullshit~ because cry a not get baby's hood

Sara: so is bone you like a dog cratsker

Anber: I fine chill man like yes someone dude shiti her ass up is hoker and like none worm a bug been restart so get whatever but relly mehm more me get dad teshus a been ice asshole brake male woman's gender a dick paket i das say a not hide

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Anber: but you ask me bra

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#rosepink_megaman_ver #megamancomunity #mereal #wpexpleing #parents take rule #youtube #art 2023

[oxshare]

European stock futures mixed; central bank speakers, earnings in focus

This report was created by OXShare

Investors anticipate that European stock markets will start the day on a subdued note on Thursday. They are eagerly awaiting further indications from central bank officials regarding the possibility of global interest rates reaching their highest point.

The DAX futures contract in Germany saw a 0.1% decline at 02:00 ET (06:00 GMT), while CAC 40 futures in France experienced a 0.5% decrease and the FTSE 100 futures contract in the U.K. dropped 0.1%.

Fed Chairman Jerome Powell will once again be the focus of attention.

Investors are expected to be uncertain about the European equities market on Thursday, as they assess if the recent surge was founded on stable factors.

Jerome Powell will once again be in the spotlight, as he is scheduled to speak at a conference later on Thursday. This comes after he provided limited information on monetary policy during a seminar on Wednesday.

However, there are other important figures who will also be speaking today. Philip Lane, the chief economist of the European Central Bank, and Huw Pill, the chief economist of the Bank of England, are scheduled to give their opinions at different events.

Global stock markets are once again experiencing a boost in confidence. This renewed optimism is mainly due to the belief that the Federal Reserve, the European Central Bank, and the Bank of England are less inclined to increase interest rates and more inclined to adopt measures that stimulate the economy.

China back in disinflation territory

In Europe on Thursday, there is a lack of economic data to analyze. However, the news from China, which is a significant destination for exports from Europe’s biggest companies, was not positive.

Government statistics released on Thursday revealed that inflation rates for both consumers and producers decreased in October, indicating that the country is experiencing disinflation for the second time this year.

In addition, the inflation information was released shortly after the disappointing trade data for October. Recent readings have indicated a continued decline in Chinese business activity throughout the month.

ArcelorMittal, a company listed on the New York Stock Exchange, is providing an optimistic view of the future.

ArcelorMittal, the second-largest steel producer globally, announced better-than-anticipated earnings for the third quarter in the corporate industry. Additionally, they expressed optimism regarding the future steel demand forecast in the medium and long term.

Henkel, a consumer goods company, has increased its guidance for the year. The third-quarter growth was boosted by good pricing. On the other hand, Merck KGaA has predicted that its total operating earnings for the year will probably be in the lower range of its target.

The profits made by companies such as WH Smith, Tate & Lyle, and Deutsche Telekom will also be analyzed and understood.

The price of crude oil increases, but worries about demand still persist.

On Thursday, there was a slight increase in oil prices as they tried to bounce back from their lowest point in over three months. However, concerns about declining demand in China and the U.S., which are the two largest economies globally, still persist.

In October, China, the largest importer of oil globally, experienced a return to disinflationary conditions according to recently released data.

The American Petroleum Institute, a trade organization, reported that U.S. crude oil supplies increased by nearly 12 million barrels in the previous week. If this information is verified by official data, it would mark the largest growth since February.

At 2:00 Eastern Time, the futures for U.S. crude oil increased by 0.6% to $75.78 per barrel, and the Brent contract rose by 0.7% to $80.06 per barrel. These prices represent the lowest levels reached since mid-July, which occurred on Wednesday.

Furthermore, the price of gold futures decreased by 0.2% to $1,953.85 per ounce, and the EUR/USD exchange rate remained relatively stable at 1.070

#crypto #forexmoney #forexprofit #forexsignals #forexstrategy #forexscalping #forexnews #forexsuccess #forexmentor #forextips

[fonecablecom]

GBP/USD Slumps Back Below 1.2300 on Dovish BoE Rate Talk

November 07, 2023 at 01:30PM Huw Pill, the Bank of England’s chief economist, said that UK inflation is set to fall sharply in the coming months, sending the British Pound lower

#DFX #DailyFX - Market News

[cbibankrd]

CBiBank Research Department: Another Bank of England Interest Rate Hike Seems Imminent – However, It Could Be the Final One

By Billy Jackson:

"The Bank of England appears set to implement its 15th consecutive interest rate hike this week, as the institution's policymakers on Threadneedle Street persist in their efforts to control inflation.

Even with the backdrop of growing unemployment and tepid economic growth, many in the financial sector anticipate that wage growth concerns will prompt the majority of the Bank's nine-member Monetary Policy Committee (MPC) to increase the base borrowing rate by another 0.25 percentage points, bringing it to 5.5%.

While an interest rate hike on Thursday isn't guaranteed, recent statements from MPC members have indicated a consistent trajectory of policy tightening since December 2021.

The Bank has faced criticism for its delayed reaction to post-lockdown inflation spikes but has since been aggressively compensating. The pace of the recent rate hikes has not been seen since the era when then-chancellor Nigel Lawson escalated interest rates from roughly 7.5% to 15% between June 1988 and October 1989.

Statements from the Bank's governor align with comments made by its chief economist, Huw Pill, during an event in Cape Town this past August. Pill likened the anticipated interest rate trajectory to the flat profile of Table Mountain, rather than the sharp peaks of the Matterhorn.

Such remarks were perceived by financial markets as a subtle indication that interest rates, currently at 5.25%, might not rise much further. Instead, they could stabilize at this level until the Bank is confident that inflation is set to realign with the government's target of 2%."

#cbibank #cbibank research department

[capitalflutuante]

Os mercados devem repercutir hoje os dados de renda pessoal e gastos com consumo dos Estados Unidos em setembro, que inclui o índice de preços de gastos com consumo (PCE, na sigla em inglês), medida de inflação preferida pelo Federal Reserve. A Universidade de Michigan publica também sua pesquisa final de sentimento do consumidor e as expectativas para a inflação e comentários do vice-presidente para Supervisão do Federal Reserve (Fed), Michael Barr, e do economista-chefe do Banco da Inglaterra (BOE), Huw Pill, serão monitorados em meio a expectativas por decisões de manutenção de juros pelas duas instituições na próxima semana. + O que é o Federal Reserve (Fed) e por que a decisão de juros dos EUA é importante No Brasil, o destaque é o resultado primário do Governo Central. Balanços de Usiminas, Chevron, ExxonMobil vão movimentar ainda os negócios. No exterior, ganhos são limitados por medo de escalada em conflito O ambiente está positivo nas bolsas internacionais com a repercussão de alguns balanços melhores que o esperado, como das big techs americanas, e avanço do petróleo de mais de 2%. Leia também No entanto, os ajustes são contidos por temores de uma nova escalada do conflito no Oriente Médio e a alta dos juros dos Treasuries, após um alívio ontem. O Pentágono informou no fim da noite de ontem que os EUA atacaram duas bases no leste da Síria supostamente usadas por grupos iranianos, realimentando temores de que o conflito entre Israel e Gaza se espalhe pela região. + Treasuries: desequilíbrio entre oferta e demanda tem pressionado rendimentos, diz Paulo Gala Em Nova York, as ações da Amazon e da Intel saltavam 5,1% e 7,8%, respectivamente, após resultados positivos darem impulso aos negócios no pré-mercado, principalmente ao Nasdaq futuro, enquanto a Ford entregou balanço decepcionante e a ação recuava 2,7% mais cedo. Na Europa, ações do setor de energia sobem, compensando a frustração com os resultados de Air France e Natwest. Já o dólar adota um viés de baixa predominante em relação a outras moedas principais e várias emergentes e ligadas a commodities com os investidores à espera dos indicadores dos Estados Unidos, principalmente o PCE de setembro, após uma desaceleração apontada ontem pelo núcleo da inflação no terceiro trimestre, de 3,7% para 2,4%, ajudar à consolidação das expectativas de manutenção de juros pelo Fed na próxima semana. + “Eu invisto tudo que eu ganho a mais do que uso”, conta a gamer Nyvi Estephan Os ganhos dos mercados em Nova York e do petróleo devem impactar positivamente na abertura do Ibovespa, em meio a expectativas de estímulos na China e repercussões de vários balanços, como de Vale, e o relatório de produção e vendas da Petrobras. Os dados do governo Central podem animar, se confirmarem as projeções do mercado de superávit primário de R$ 10,545 bilhões em setembro, após saldo negativo de R$ 26,350 bilhões em agosto, graças ao repasse ao Tesouro dos recursos “esquecidos” do PIS/Pasep. Mas o avanço moderado dos rendimentos dos Treasuries pode pesar no mercado de juros, embora o dólar mais fraco nesta manhã lá fora possa limitar as oscilações na curva de juros e trazer pressão de baixa ao mercado de câmbio. Contudo, o dólar ante o real pode continuar rodando perto da estabilidade, diante da expectativa de novo corte de 0,50 ponto porcentual da taxa Selic na reunião do Copom na próxima semana, que deve comprimir o diferencial de juros interno e externo, desestimulando o fluxo de investidores estrangeiros. O rumo dos mercados, no entanto, deve depender da sinalização trazida pelos indicadores americanos e do desenrolar do conflito no Oriente Médio. Se prevalecer a regra de divisão proposta pelo relator da reforma tributária no Senado, Eduardo Braga (MDB-AM), São Paulo receberá anualmente do Fundo Nacional de Desenvolvimento Regional (FNDR) cinco vezes mais do que o Mato Grosso do Sul, e o triplo dos Estados do Espírito Santo e Tocantins. *Agência Estado Gostou desse conteúdo e quer saber mais sobre investimentos? Faça os cursos gratuitos no Hub de Educação Financeira da B3!

Link da matéria

[qudachuk]

Huw Pill raises possibility of fresh interest rate rise, saying war between Israel and Hamas may affect oil priceBusiness live – latest updatesThe Bank of England has more “work to do” to ensure inflation is brought back under control,...

[cultml]

[interestrateuk]

Warnings that interest rates yet to peak

New Post has been published on https://interestrate.co.uk/warnings-that-interest-rates-yet-to-peak/

Warnings that interest rates yet to peak

A senior official from the Bank of England has warned that interest rates in the UK will have to rise again to try and control inflation. Despite the deep recession the nation is facing, the central bank’s Chief Economist, Huw Pill, said that there would be further rate hikes. This follows the latest bumper interest rate increase of 0.75%, which has increased the base rate to 3%.

Pill admitted that raising interest rates was a ‘difficult trade-off’ because of the economic setback it would cause. However, he also said that the central bank ‘cannot declare victory’ at this stage regarding having control of inflation. His warning will cause increased concerns for many mortgage holders across the UK who face the prospect of continued repayment rises.

Inflation expected to have increased again

In September, inflation soared to its highest level in decades as it hit 10.1% due to rising food prices. Industry experts expect it to have increased further in October, which could mean that the Bank of England has to act even more aggressively.

At the UBS European Conference in London, Pill said: “I think we cannot declare victory against second-round effects, but we are entering a recession. It’s a difficult trade-off environment for monetary policy.”

He added: “We have done some tightening but there is more to do. That doesn’t mean we’re going to move at a pre-defined pace until kingdom comes. At some point, you have to think about what level of rate is appropriate.”

The Governor of the Bank of England, Andrew Bailey, offered a little reassurance on the back of Pill’s warning by stating that rates will likely peak at a lower level than markets had predicted. However, this will be of little solace to those who are already struggling to keep on top of their mortgage repayments.

Increase pressure on households

Financial pressure on households has been mounting on households throughout 2022. A combination of higher food costs, rocketing energy prices, and soaring interest rates has taken its toll on household finances, with many already struggling to make ends meet.

Ongoing interest rate rises will further compound the problem, and many may find themselves pushed over the financial edge. This will inevitably significantly impact other areas, such as consumer spending, and could potentially lead to repossessions, among other things.

Tom Hopkins, portfolio manager at BRI Wealth Management, said: “The Bank of England is raising interest rates to reduce demand for goods and services, which should in turn reduce the level of inflation.”

However, while the end goal is to bring inflation under control, the difficulties households face in the meantime could prove devastating. In addition, the nation faces the longest and deepest recession on record, according to the Bank of England.

#news

[visbankingnews]

Who'd have thought the mighty Bank of England could misjudge its own inflation predictions? Yet, here we are.

Boom! Just like that, the Bank of England's forecast goof-up has ignited a heated debate. The very Conservative MP, John Baron, has dropped the "woeful neglect of duty" bomb. Ouch!!!! Yes, errors were made. Not every forecast hits the bullseye, not even by the big guns like the BoE. No one's perfect, right? Why all this fuss? Because their 2% inflation target seems more like a distant dream, causing "real pain" for households and businesses. The struggle is real, folks. So, what does this mean for our wallets or the wallets of our friends across the pond? With inflation higher than expected, the pound in our pockets might not stretch as far. Bummer. But hold up. The economy? It's a tricky one. Higher inflation could mean increased costs for businesses and, potentially, slower economic growth. Oops! Even the Bank's Chief Economist, Huw Pill, admits their forecasting models have slipped. Yeah, that's a biggie. Remember when they thought the UK's CPI inflation could fall to a chill 1% by mid-next year? Well, plot twist. It's now predicted to hit about 3.4%. Talk about a rollercoaster! On the flip side, if companies can pass on those costs to us, the consumers, they might stay afloat. But then again, our shopping trips just got pricier. Trade-offs, eh? We're living in a time of uncertainty, folks. Even the best forecasters get it wrong sometimes. But isn't that what makes economics so… thrilling? So, how do we stay afloat ⚓ in these turbulent economic waters? Plan smart, spend wisely, and save judiciously. And remember, every crisis presents an opportunity. --Digging deep on banks is what I do. 🔔 Follow Brian on Linkedin: Brian Pillmore Other Links: - The Financial Industry’s Emerging Embrace of Open Source Banking - I ran a bank.But the most cash I’ve ever seen was $420k on 4/20/20 😏 - PacWest Moves to Boost Liquidity - Regulators Urge Banks to Address Crypto Liquidity Risks - Ever wonder how companies sell for 10X Book Value? Read the full article