Features

Money Minute Thursday 19 December: UK interest rates and American jobs

Today's Money Minute looks to the Bank of England's final interest-rate decision of the year, and America's employment figures.

Later today we get the Bank of England's final interest rate decision of the year.

It's hard to see the Bank doing anything so soon after the election.On the one hand, two members voted for a rate cut from 0.75% to 0.5% last month.On the other hand, now that we have much more clarity over which Brexit and economic policies the government will follow, the Bank will probably wait to see how the economic data evolves over the next few months.

Meanwhile over in the US we get the latest jobless claims figures.This shows how many people joined the dole queue in America last week.The most recent release showed a spike in jobless claims.This has been blamed on Thanksgiving, which is often disruptive to these figures.

However, if unemployment is going to start to rise, it will show up here first.That's why markets will be paying close attention, to see if last week really was an anomaly, or a sign of a potential trend change.

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
Big spending government is here to stay – just ask Rishi Sunak
UK Economy

Big spending government is here to stay – just ask Rishi Sunak

Governments around the world are splashing huge amounts of cash as they do “whatever it takes” to prop up their economies. John Stepek looks at where …
23 Oct 2020