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Following a 0.7% monthly increase—slightly above the 0.6% consensus forecast—UK annual inflation rose from 3.0% in February to 3.3% in March.
This was primarily driven by the largest jump in transportation costs since 2022, including car fuel and airfares.
While core inflation came in at 3.1%, slightly below the 3.2% forecast, the outlook remains cautious.
Due to spillovers from the Middle East War, expectations are that inflation is now more likely to climb toward 4% than return to the Bank of England’s 2% target, as had been anticipated pre War.
#economy #markets #uk #inflation
BREAKING: US federal debt has officially risen above $39 trillion for the first time in history, now up +$2 trillion over the last 8 months.
Since the debt ceiling was lifted in early July, US debt has risen +$2.8 trillion.
Total US debt has nearly DOUBLED since 2018, with the US Debt-to-GDP ratio now up to 124%.
Meanwhile, US debt is projected to surge +$2.4 trillion per year over the next 10 years, reaching a record $64 trillion by 2036, according to CBO estimates.
The US debt crisis is out of control.
$BTC - Apex Formation
After the climactic volume on November 21, Bitcoin has made a series of higher lows. We spotted this apex formation last Friday in our Wyckoff Crypto Discussion. Oversold and overbought levels are well defined.
US truck demand is collapsing:
US heavy truck sales have plunged -47% over the last 3 months compared to the prior 3 months, to an annualized rate of 363,000, the lowest since the 2020 pandemic.
Truck sales have now declined in 4 out of the last 5 months.
In the past, such a rapid drop has only been seen during recessions.
This comes as business demand for freight, construction, and industrial activity has significantly weakened.
As a result, truck sales are set to become a substantial headwind for US GDP growth in the second half of 2025.
The AI trade is in its own world.