How US Inflation Can Affect UK House Prices
It is, of course, all about interest rate expectations.
Jerome Powell, chairman of the US Federal Reserve. Like it or not, his decisions can affect the price of your house.
Photographer: Loren Elliott/BloombergWelcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Before we get started on today’s main topic, can I suggest you read Merryn’s new column on Labour politician Angela Rayner’s tax tribulations?