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UK Inflation Remains Steady In September, Eyes On Powell Speech

2023-10-18 09:40:57.473000

UK CPI inflation remained unchanged at 6.7% in September on a year-to-year basis, according to data published by the Office for National Statistics. The Chinese economy grew by 1.3% in the third quarter, surpassing economistsā€™ expectations. In Canada, consumer price inflation fell to 3.8% on a yearly basis in September. Economists at ANZ suggested that the Federal Open Market Committee (FOMC) could start cutting rates during the third quarter of 2024. The PBoC is expected to announce its decision on interest rates. The September retail sales report in the UK is expected to show flat growth on an annualized basis. Retail sales in the UK slowed in September due to the high cost of living. Trading on macroeconomic news is discussed in free webinars. This material does not contain investment advice. Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets AS Jordan Ltd, Admirals AU Pty Ltd, and Admirals SA (PTY) Ltd are investment firms. Admiral Markets UK Ltd is authorized and regulated by the Financial Conduct Authority. Admiral Markets Cyprus Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission. Admirals AU Pty Ltd holds an Australian Financial Services Licence. Admiral Markets AS Jordan Ltd is authorized and regulated by the Jordan Securities Commission. Admirals SA (Pty) Ltd is an authorized financial services provider registered at the Financial Sector Conduct Authority. Admirals KE Ltd is authorized by the Capital Markets Authority in Kenya. [88e2931d]

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