Economic News
'We are significantly closer to neutral', Fed's Powell says
The US central bank cut rates as expected but policymakers indicated that they were now anticipating fewer reductions in 2025.
Factory output falls at fastest rate since mid-2020 - CBI
Output volumes in the manufacturing sector fell in the quarter to December at the fastest pace since mid-2020, according to the latest Industrial Trends survey from the Confederation of British Industry.
US building permits grow 6.2pc, housing starts unexpectedly decline
US building permits surged 6. 1% in November to a seasonally adjusted rate of 1. 50m, according to the Census Bureau, erasing October's 0. 4% decline and well and truly ahead of expectations for a print of 1. 43m.
Halifax forecasts 'modest' house price growth in 2025
UK house prices are set to grow "modestly" in 2025, Halifax said on Wednesday, following a better-than-expected performance over the last 12 months.
UK house prices push higher while rents rocket - ONS
UK house prices sparked in October, government data showed on Wednesday, as the market continued to strengthen, while average rents surged by more than 9%.
Amazon reportedly settles with UK drivers over self-employment dispute
Amazon has reached a settlement with thousands of UK delivery drivers, it emerged on Wednesday, who claimed the company deprived them of fair compensation by misclassifying them as self-employed.
Eurozone Nov CPI revised down to 2.2%
Eurozone inflation was revised downward slightly to 2. 2% in November from 2. 3%, according to final figures published on Wednesday.
UK inflation pushes higher to reach 2.6%
UK inflation reached 2. 6% in November, official data showed on Wednesday, the second consecutive monthly rise.