Bank of England expected to hold interest rates at 5% [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: Yahoo! Finance
The decision at midday comes after it was revealed inflation, which measures the rate UK consumer prices are rising at, remained at 2.2% last month. The figure remains just above the Bank's 2% target, but its governor Andrew Bailey has warned people not to expect a sharp fall in rates in the coming months. Economists and investors are betting on rates to be left unchanged on Thursday and for the Bank to opt to cut them again in November instead. Rob Wood, chief UK economist at economic research consultancy Pantheon Macroeconomics, said the inflation data released on Wednesday gave the Bank of England "little reason to rush to cut interest rates again" on Thursday. "It still seems likely that they will decide to keep interest rates paused this month, and instead wait to cut rates again in November and December," added Susannah Streeter, head of money and markets, at investment firm Hargreaves Lansdown. Interest rates dictate the cost of borrowing set by lenders for loans suc
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JPM
Earnings
- 10/14/24 - Beat
JPM
Sec Filings
- 11/12/24 - Form 424B2
- 11/12/24 - Form 424B2
- 11/12/24 - Form 424B2
- JPM's page on the SEC website