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Showing posts with the label interest rates

Kevin Warsh can’t reopen the Strait of Hormuz

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Federal Reserve Chairman Kevin Warsh looks on during his first news conference since taking the helm at the central bank, on June 17, 2026 in Washington, DC. Chip Somodevilla/Getty Images New York —The public is fed up with the high cost of living, and the Federal Reserve is once again under pressure to act. Kevin Warsh, the new Fed chairman, has vowed to get inflation back to 2%. Some investors suspect the Warsh-led Fed will show it’s serious about that pledge by raising rates as soon as Wednesday. And yet: As powerful as the Fed is, its inflation-fighting tools are limited when it comes to combating the supply-driven inflation America is facing now. The Fed can’t conjure a durable ceasefire in the war with Iran, reopen the Strait of Hormuz, nor disappear President Donald Trump’s high and volatile tariffs . “Rate hikes won’t keep the bombs from dropping,” said Benson Durham, a former Fed official and founder of DASM LLC, an independent research firm. Supply trouble causing inflatio...

Decoding the Equifax Car Finance Checker A Strategic Credit Guide for 2026 Vehicle Acquisition

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 Acquiring a new vehicle whether it is a personal car, a delivery van for a local business, or a fleet of company vehicles is a major financial commitment. In 2026, the process of securing automotive financing has become highly digitized and algorithmic. When you apply for a Hire Purchase (HP), Personal Contract Purchase (PCP), or commercial vehicle lease, lenders do not just look at your bank balance. Instead, they rely heavily on automated credit reference systems. One of the most prominent gateways used by UK dealerships and financial institutions is the Equifax car finance checker . Understanding how this credit checking system works, what lenders are analyzing behind the scenes, and how to optimize your financial profile before applying can mean the difference between getting approved at a prime interest rate or being rejected entirely. At Skz Accountant , we help business owners and individuals align their financial records to ensure they present the strongest possible credit...

Bank of England holds interest rates at 4%

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The Bank of England base rate Let's recap some of the key lines from today, after the Bank of England  held interest rates at 4% : The move   did not come as a surprise . Although the inflation rate held at 3.8% in September, coming in below forecasts, most Bank watchers were not expecting a change in interest rates today The Bank said it judged inflation to have peaked - policymakers voted 5-4 in favour of leaving rates unchanged, but said borrowing costs were "likely to continue on a gradual downward path" Bank governor Andrew Bailey said rather than cutting interest rates now, he would "prefer to wait and see" if price rises continued to ease this year The Bank's decision comes ahead of the government's Budget on 26 November, where speculation has grown that Chancellor Rachel Reeves will raise taxes Reeves said the latest forecast "shows that inflation is due to fall faster than previously predicted", but shadow chancellor Mel Stride said in...