Good news or bad news, depending on whether you have a mortgage or money in the bank, is that interest rates haven’t, after all, gone up. As our economy slows still further a rate rise could be the final set of buffers for a fast-decelerating train. You may have noticed some hefty price rises, however, when you last filled your car with petrol or filthy diesel, which will push up inflation and will no doubt mean we have the whole ‘rates will have to rise’ palaver again next month.
“Stocks surge and yields stabilise as Trump tariffs paused”
“The reason our stock market is so successful is because of me. I’ve always been great with money, I’ve always been great with jobs, that’s what I do”, said the man himself about (of course) himself. And, yes, one tweet, if we’re still allowed to use that old Woke term, on Truth Social can indeed send markets firmly up as well as down.
