Joshua Kirby

1 day ago | wsj.com | Joshua Kirby

The mistake comes at a torrid time for the agency, which was placed under government review earlier this year The U.K.’s statistics agency said it has identified an error affecting calculations of consumer-price inflation, raising new questions about the reliability of its data amid similar concerns in the U.S. The mistake was found in data provided by the country’s transportation ministry, and concerns the number of vehicles subject to certain taxes, the Office for National Statistics said...

1 day ago | fnlondon.com | Joshua Kirby

U.K. Statistics Body Says it Found Inflation-Data Error in Fresh Blow to Credibility The mistake comes at a torrid time for the agency, which was placed under government review earlier this year Published June 5, 2025 at 4:23 AM ET The U.K.’s statistics agency said it has identified an error affecting calculations of consumer-price inflation, raising new questions about the reliability of its data amid similar concerns in the U.S. The mistake was found in data provided by the country’s...

2 days ago | tradingview.com | Joshua Kirby

U.S. Hiring Slows Again, ADP Report ShowsUSECADPAmerican employers again dialed down their hiring, a monthly report showed, in a sign the labor market may be weakening amid growing economic uncertainty. Just 37,000 jobs were created last month, down from 62,000 in April, according to the ADP National Employment report released Wednesday. Economists polled by The Wall Street Journal had expected hiring to pick up pace to 110,000 new jobs on the month.

3 days ago | wsj.com | Joshua Kirby

The pace of interest-rate cuts ‘remains shrouded in a lot of uncertainty’June 3, 2025 6:33 am ET|WSJ ProThe Bank of England will continue to cut interest rates but global economic uncertainty makes it tough to say how far and how fast, top central banker Andrew Bailey said. “The rate path remains downward but how far and how quickly remains shrouded in a lot of uncertainty,” the BOE’s governor told a hearing of lawmakers at the U.K. parliament Tuesday.

3 days ago | wsj.com | Joshua Kirby

The pace of cuts remains shrouded in a lot of uncertainty, he saidJune 3, 2025 6:33 am ET|WSJ ProThe Bank of England will continue to cut interest rates but global economic uncertainty makes it tough to say how far and how fast, top central banker Andrew Bailey said. “The rate path remains downward but how far and how quickly remains shrouded in a lot of uncertainty,” the BOE’s governor told a hearing of lawmakers at the U.K. parliament Tuesday.