Money Minute Wednesday 13 November: UK inflation and house prices

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.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

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.