The Bank of England kept interest rates at 4.75% due to concerns about stubborn inflation, despite predicting zero growth in the final quarter of the year. While some members of the Monetary Policy Committee favored rate cuts, the majority emphasized the risks of inflation persistence and the potential trade-off between inflationary pressures and economic weakness. The decision led to a decrease in sterling and gilt yields, with investors focusing on the possibility of further rate cuts next year.
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3 No-Brainer Growth Stocks to Buy Right Now
After a significant market correction in early 2025, the U.S. stock market has rebounded to record highs, driven by impressive second-quarter earnings, particularly among AI-focused tech companies. Analysts predict that these companies, which possess sustainable competitive advantages, are well-positioned for long-term growth fueled by AI advancements. Want More Context? 🔎
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