After a long period in which "nobody has worried" about the level of interest rates in America, things have changed, says John Authers in the FT. Interest rate futures now imply that the benchmark US interest rate is virtually certain to rise to at least 0.5% (from today's 0%-0.25%) by the end of the year.
Investors appear to have interpreted the smaller drop in payrolls last month as a sign that recovery isn't far away. Yet this looks wildly premature, given that the jobless rate rose to a greater-than-expected 9.5%, a 26-year high.
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Should the income protection age cap be lifted?You can only get income protection cover if you are below age 59. With people now working for longer, should the limit be raised?
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UK interest rate cut all but ruled outRates are expected to remain at 4.25% when the Bank of England announces its decision tomorrow
