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.
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
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.
-
Charitable giving and inheritance tax: 7 tips to avoid complicationsGiving some of your estate away to charity can save your family thousands in inheritance tax. But common pitfalls could mean your chosen cause loses out and your loved ones are left with a complex nightmare to unravel. We look at how to do donations right.
-
The UK cities where it’s cheaper to buy a house than rentFor people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
