Pensioners warn of ‘tough times ahead’ as inflation hits 2.2% – what it means for their pensions and investments

Retired couple

Pensioners have been warned that tough times lie ahead as the UK’s inflation rate rises and hits the economy. The latest figures from the Office for National Statistics (ONS) have revealed that the consumer price index (CPI) rate rose to 2.2 per cent over the 12 months to July 2024. Analysts had previously forecast inflation … Read more

Stocks rise ahead of US CPI data, New Zealand dollar plummets: Markets roundup

Stocks rise ahead of US CPI data, New Zealand dollar plummets: Markets roundup

(Bloomberg) — European stocks look set to follow their Asian peers higher on bets that the next U.S. consumer price report will allow the Federal Reserve to begin easing policy in September. Most read on Bloomberg Euro Stoxx 50 futures rose 0.3%, while U.S. equity contracts traded little changed. MSCI’s benchmark index for Asian shares … Read more