
Cooling inflation boosts UK stocks plus US banks enjoy a rate hike bonanza
AJ Bell Money & Markets
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The UK Interest Rates Expected to Top Off at 5.75%
The expectation was that UK interest rates were going to have to be hyped higher and further than we had been expecting. But after these numbers, it sort of whipped around and now markets are expecting that we'll only see a quarter percentage point hike. And rates now expected to top off at 5.75%, whereas just days ago, there'd been real fears that, you know, we could see 7%.
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