ing groep: Inflation in the service industry remains high, the central bank of the united kingdom will continue to cut interest rates.
Service sector inflation is expected to rebound by about 5% before entering winter, while the overall CPI in January may approach 3%. This reduces the likelihood of a rate cut in December, but in spring, the ing groep believes that the Bank of England is still very likely to accelerate its easing cycle. In October, the service sector inflation in the united kingdom was slightly higher than the general expectations of economists, but 5% was just slightly higher than in September, which is in line with the Bank of England's forecast. However, interestingly, when delving into the details, it is found that the recent stickiness largely lies within categories that the central bank seems to consider less important / less indicative of "persisting" inflation. For example, rent, in October.
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Oppenheimer: This momentum indicator indicates that the U.S. stock market's upward trend will continue into next year.
According to Oppenheimer's data, the Monthly Relative Strength Index (RSI) indicates that the overall US stock market will not peak until 2025.
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