BOE's Greene cautions UK wage growth could fuel persistent inflation
BOE's Megan Greene warns about persistent UK inflation and concerns over 3.5% wage growth next year.
US and China reach agreement on a subset of goods for trade; details to be released Monday.
Greer stated on CNBC that the United States will release the specifics of discussions with China next Monday.
One should not expect a huge announcement, but at least the process is back on track.
Meanwhile, Trump has been tweeting. It appears that the president is currently focused on re-naming things.
Very productive meeting with President Xi for both the U.S.A. and China. Tremendous things will be happening. Like almost everyone else, he seemed to like calling the poorly and inaccurately named Artificial Intelligence to a far more accurate and important name, SUPER INTELLIGENCE. That would be “SUPER!” Everyone last night agreed, also. President DJT
The public is likely to keep using whichever term they prefer.
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BOE's Megan Greene warns about persistent UK inflation and concerns over 3.5% wage growth next year.
Bond yields hit multi-decade highs, signalling the end of cheap money and forcing investors to demand higher returns.
Fed Governor Christopher Waller said more rate hikes are likely but the pace can be flexible, and he played down September's jobs weakness.
Rising global bond yields have put central bank bond buying back in focus, but inflation worries and fiscal discipline concerns limit how far such…