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Pandemic Market Rally Created "Excess Retirees" and Inflation Risk, Fed Says

  • Written by James Skinner

Pandemic period gains for stock markets and the resulting windfalls for investors have been cited by Federal Reserve (Fed) Chairman Jerome Powell for a sharp increase in retirements that is lifting pay growth for workers but also contributing to inflation and helping to drive interest rates higher. 

Read more: Pandemic Market Rally Created "Excess Retirees" and Inflation Risk, Fed Says

UK Savings Boom Continues as Interest Rates Rise and Consumers Retreat

  • Written by Gary Howes

Savings rate increase

Bank of England statistics reveal an increase in the amount of money saved by earners, while credit lending is below longer-term averages and mortgage approvals are falling in response to higher interest rates.

Read more: UK Savings Boom Continues as Interest Rates Rise and Consumers Retreat

Phantom Labour Shortage to Dissipate as UK Unemployment Overtakes Forecasts

  • Written by James Skinner

Leading indicators suggest job losses will soon drive unemployment higher and that it could climb faster than many forecasters expect, according to Pantheon Macroeconomics, meaning that a commonly-relented shortage of labour in the UK may now be about to dissipate as if it were a phantom.

Read more: Phantom Labour Shortage to Dissipate as UK Unemployment Overtakes Forecasts