
General Election Set for July: Sunak vs. Starmer Showdown Begins
March 25, 2025: The UK general election has been scheduled for July, setting the stage for a high-stakes contest between Prime Minister Rishi Sunak and Labour leader Keir Starmer.
October 20, 2022: -Treasury yields increased across the board as concerns over a recession spread among investors, and markets looked ahead to releasing housing market data.
The yield on the 10-year Treasury was previously at 4.059, up by 6.1 basis points after hovering just below the critical 4% level on Tuesday.
Concerns regarding a recession have been growing louder among investors as the Federal Reserve continues to follow a hawkish path with interest rate hikes.
This has started filtering into profits prognoses, with some companies and analysts rectifying their outlook downward for the coming quarters.
A fourth consecutive 75 basis point rate hike is widely expected from the central bank at their meeting in early November, and Fed speakers have suggested that this activity could continue.
At an event, Minneapolis Fed President Neel Kashkari said he saw no reason not to push the central bank’s benchmark funds rate above 4.75% to tackle inflation. Such levels were later seen in the first half of 2006.
Further Fed speakers are due to make remarks on Wednesday, and housing starts and building access data will be released. This could give traders additional insights into the state of the U.S. economy and the impact economic developments have on consumers.
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March 25, 2025: The UK general election has been scheduled for July, setting the stage for a high-stakes contest between Prime Minister Rishi Sunak and Labour leader Keir Starmer.
March 24, 2025: Labour continues to gain traction in national polling ahead of the upcoming UK general election, capitalizing on economic dissatisfaction
March 20, 2025: The Metropolitan Police in London is facing renewed criticism following the expansion of its facial recognition surveillance operations.
March 04, 2025: China’s Zhurong rover has identified geological evidence suggesting that liquid water may have existed on Mars
February 25, 2025: Germany’s new leadership is pushing for greater European strategic independence, causing tensions in its relationship with the United States.
February 18, 2025: Severe flooding across Kentucky has left at least 12 people dead as record-breaking rainfall triggered widespread devastation.