NY Fed poll shows unemployment worry at highest since pandemic start
NY Fed survey finds stable inflation expectations but highest fear of rising unemployment since April 2020.
2 min ago3 min read
BoE officials voice concern over energy-driven inflation
BoE officials express concern over energy price rises and external risks with weak domestic economy.
08/09/2026 13:414 min read
- Bailey noted that the conflict between the US and Iran has pushed energy costs up, and further increases are possible.
- Attacks by Ukraine on Russian refining facilities are also contributing to higher energy prices, according to Bailey.
- Taylor said he considers keeping the bank rate at a moderately restrictive level as a form of insurance against external risks.
- He also stated that he remains vigilant about the risk of sustained energy price increases and their potential to affect wage and price setting.
- Taylor added that policy would need to react strongly, though there is little evidence so far.
- Greene said the length of time oil prices have remained high worries her about second-round effects.
- Ramsden described the domestic inflation situation as relatively benign.
- He noted that the global inflation outlook carries much more upside risk.
- Ramsden added that UK wage growth has been lower than anticipated prior to the conflict.
Underlying these comments is a shared view: the domestic economy is weak while external risks are increasing. Sterling (cable) rose 12 pips on the day to 1.3550 and has gained over the past hour amid a broadly weaker US dollar.
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