WS #16231
UK inflation has climbed to 3.5%, reaching its highest point since last year and increasing fiscal pressure on the government. This data point reinforces the difficulty central banks face in bringing inflation to target without stifling growth. The broader implication is a sustained period of higher-for-longer rates in Europe, which weighs on consumer spending and housing markets.
European Macro & Inflation
UK inflation has climbed to 3.5%, reaching its highest point since last year and increasing fiscal pressure on the government. This data point reinforces the difficulty central banks face in bringing inflation to target without stifling growth. The broader implication is a sustained period of higher-for-longer rates in Europe, which weighs on consumer spending and housing markets.