Financial institution of England’s future transfer divides economists as facts paints a mixed photograph

Crucial Points

Headline purchaser value inflation slid to 7.9% in June from 8.7% in May, though core inflation — which excludes risky electricity, food items, liquor and tobacco rates — stayed sticky at an annualized 6.9%.
As of Tuesday morning, the industry was pricing about a 62% likelihood that the Monetary Policy Committee will opt for a 25 basis level hike to curiosity charges and get the primary Lender level to 5.25%.

Resource

Imposter scams cost older adults 0 million in 2024, FTC finds: Some victims are ‘clearing out’ their 401(k)s

Finance

Imposter scams cost older adults $700 million in 2024, FTC finds: Some victims are ‘clearing out’ their 401(k)s

August 8, 2025

Key Points Americans age 60 and older are reporting being victims of imposter scams in increasing numbers, according to the Federal Trade Commission. They sometimes lose all the savings held in a bank account or 401(k), the agency said. There are ways to avoid getting scammed. Source

Finance

Stocks making the biggest moves after hours: Sweetgreen, Block, Expedia, Pinterest and more

August 7, 2025

Check out the companies making headlines after the bell : Expedia Group — The travel booking website’s shares skyrocketed more than 15% in extended trading after the company’s second-quarter earnings and revenue beat expectations. Expedia also raised guidance for bookings and revenue for the full year. Block — Shares of the Cash App parent gained […]

Finance

Trump to nominate economic advisor Stephen Miran to be new Fed governor, replacing Kugler

August 7, 2025

watch now VIDEO1:2701:27 President Trump preparing to nominate CEA Chair Stephen Miran to Fed board Power Lunch President Donald Trump on Thursday announced he has selected Stephen Miran, chair of the Council of Economic Advisors, to serve on the Federal Reserve Board of Governors, replacing Adriana Kugler, who resigned Friday. The nominee will serve out […]