India's monetary policy committee members flagged evolving risks from global trade tensions and tariffs as a key drag on growth but said the economy remains resilient with the inflation outlook benign,

The housing market is juggling mixed economic signals-ranging from stubborn shelter costs to easing mortgage rates.

Higher food and airfare prices pushed U.K. inflation above expectations in July, official figures showed Wednesday, which has tempered market expectations that the Bank of England will cut interest rates again this year.

Annual inflation rose to an 18-month high, increasing the chance that BOE policymakers might hold off from cutting rates in the coming months.

The Canadian dollar hit its lowest in almost three weeks against its U.S. counterpart on Tuesday as oil prices fell and cooler domestic inflation data raised expectations the Bank of Canada would cut interest rates in the coming months.

FTSE 100 Live Wednesday Inflation rise clouds rates outlookRail fares set for big hikeCostain revenues hit by HS2 delays Market update: FTSE 100 lower, building stocks under pressure 10:03 ,

Pensioners are really impacted by higher inflation because it means inflation reduces potential growth of any funds. Inflation also hits annuity rates – which gives people regular, guaranteed income after retirement for the rest of their life, as opposed to a pension pot which is finite.

The Bank of England will cut interest rates by a quarter-point once more this year and then again in early 2026 as a resilient economy generates persistent inflation, according to most economists in a Reuters poll who have largely not changed their outlook in the past month.