Consumer confidence appears to have taken a big hit in the run-up to next month’s Budget. The reversal comes despite stable inflation and the prospect of further cuts in interest rates. GfK consumer insights director Neil Bellamy said: “Following the withdrawal of the winter fuel payments,

Graeme Evans. Consumer confidence appears to have taken a big hit in the run-up to next month’s Budget. GfK’s long-running ba

The FTSE 100 rose higher in early trade after the Fed backed a 50 basis point cut last night, the first rate reduction since 2020.

The policy guidance in Thursday’s minutes showed that, among those voting for a hold, the majority view was that more cuts are needed. “For most members, in the absence of material developments, a gradual approach to removing policy restraint would be warranted,

A surge in risk appetite swept the FTSE 100 index higher today as traders cheered last night’s super-sized interest rate cut by the US Federal Reserve. The message from central bank chief Jerome Powell that the 0.