Features

Money Minute Wednesday 13 November: UK inflation and house prices

Today, Money Minute looks forward to the latest news on British house prices, plus inflation figures from both sides of the Atlantic.

In the UK today we get the latest news on inflation.The Bank of England is tasked with trying to maintain inflation in a range of 1% to 3% a year.Currently, the Bank is having no trouble meeting its target.In September, inflation came in at just 1.7%. It's expected to have remained broadly similar or to have slowed even further in October.

We'll also get the latest official UK house price index reading - that'll give us the annual house price change for September.

Inflation data is due in the US too, where it's a similar story to the UK. Prices rose at an annual rate of 1.7% in September, with little change expected for October.

Meanwhile, the chairman of the Federal Reserve, Jerome Powell, will speak to US politicians about the economic outlook.It's unlikely that he'll say anything market moving.He has no obvious reason to depart from his current line that interest rates in the US have been cut far enough for the time being.

Recommended

How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Quiz of the week, 17–23 October
Economy

Quiz of the week, 17–23 October

Test your recollection of the events of the week with MoneyWeek's quiz of the week.
23 Oct 2020
In UK stocks, the market has chucked us a bone – we should grab it
Economy

In UK stocks, the market has chucked us a bone – we should grab it

UK stocks are trading at their biggest discount to global equities in 40 years. You should probably be looking to buy, says Merryn Somerset Webb.
22 Oct 2020
22 October 1962: Start of the Cuban missile crisis
This day in history

22 October 1962: Start of the Cuban missile crisis

On this day in 1962, the Kennedy administration issued its famous ultimatum – either the USSR removes its nuclear weapons from Cuba, or else.
22 Oct 2020

Most Popular

Negative interest rates and the end of free bank accounts
Bank accounts

Negative interest rates and the end of free bank accounts

Negative interest rates are likely to mean the introduction of fees for current accounts and other banking products. But that might make the UK bankin…
19 Oct 2020
UK post-Covid recovery stocks: these 20 companies could be set to rocket
Share tips

UK post-Covid recovery stocks: these 20 companies could be set to rocket

Finding stocks with the potential to rise tenfold or even further is far easier said than done. But the pandemic has produced the most promising backd…
22 Oct 2020
Why commodities could be the best investment for 2021
Commodities

Why commodities could be the best investment for 2021

There’s plenty for investors to worry about right now. But things will inevitably recover. And the sector most likely to do best when they do, says Jo…
22 Oct 2020