UK Markets Rattled by Sticky US Inflation and Mortgage Squeeze

UK markets are being tossed by global trade winds as US PCE inflation remains stubbornly high at 3.7%, crushing hopes for a Federal Reserve pivot. This "higher-for-longer" reality is hammering the FTSE 100 just as the Bank of England navigates a complex landscape of falling oil prices and a domestic mortgage crisis.

Trade Routes

• North America: Fed Chair Kevin Warsh faces the Jackson Hole summit with markets on edge after US PCE data showed...