Today in the UK, parliament is being suspended or prorogued again, ahead of a Queen's Speech next Monday.Unlike last time, this prorogation is not controversial and won't be challenged.
In the US, meanwhile, we get the latest on producer price inflation.This is sometimes known as "pipeline inflation" because it looks at costs for producers rather than consumers.
If prices are persistently rising for the producers of goods, then you would expect them to pass at least some of those price increases on to retailers and then to consumers.Core producer price inflation is currently running at above 2%.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
That said, with oil prices behaving themselves, the Federal Reserve may be able to take a relaxed view towards inflation for now.
Markets will also be closely watching Fed boss Jerome Powell for hints as to the Fed's next move when he makes a speech to US economists and academics in Denver later today.
-
Barclays begins paying up to £100 compensation to customers after banking outageBarclays will pay up to £7.5 million in compensation to customers after its banking services were disrupted by an IT outage
-
Review: Shangri-La Paris – an ode to the world’s best foodNatasha Langan enjoys fine French and Chinese cuisine at the Shangri-La Paris
