BOE Expected to Lower Its Key Rate Thursday and Signal More of the Same
In some ways, the BOE's challenge resembles that faced by the Federal Reserve. Inflation has picked up largely because of government decisions about utilities pricing and taxes. Most policymakers expect inflation to fall back in response to anemic growth, but worry that cutting borrowing costs too quickly will delay that process.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 minutes ago
- Yahoo
These Three REITs Announced The Biggest Dividend Increases In June—Which One Do Analysts Like The Most?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Nothing attracts a passive income investor's attention like news of stocks paying increased dividends. If higher dividend yields are your cup of tea, check out the three real estate investment trusts with the biggest dividend increases in June. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership Sun Communities (NYSE: SUI) was the biggest winner. In June, Sun announced a 10.6% dividend increase, which translates to a $1.04 per share payout for investors. The residential REIT specializes in owning and operating manufactured housing and residential vehicle communities. Sun's portfolio includes 502 properties spread across the U.S., the U.K., and Canada. Don't Miss: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. This REIT's assets are 337 manufactured home communities and165 residential vehicle communities. These communities have traditionally served consumers looking for lower-cost options than single-family homes or apartments. Skyrocketing housing prices throughout the U.S. have led to sustained growth in both sectors. Despite that, Sun Communities' share price has been trending downward for the last nine months. It's currently trading around $116, but many analysts believe it's primed for a comeback. Benzinga recently compiled the opinions of 10 analysts, and Sun Communities' average 12-month price target is $139.12. The highest estimate is $147, while the lowest is $126. Both are improvements over the current share price. There may be solid upside for investors here. Millrose Properties (NYSE: MRP) was the second-largest dividend winner for shareholders. It announced a 6.2% quarterly dividend increase in June, which translates to $0.69 per share, which the REIT paid on July 15. This specialty REIT refers to itself as a Homesite Option Purchase Platform. It acquires homesites for builders and then grants the builder an option to purchase the homesite at a later date. Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— Once a builder has finished developing the homesite, they can exercise their option to buy the developed land from Millrose. Then, Millrose uses the sale profits to identify new home sites. If the builder declines the option, Millrose has a readymade home site that it can sell to another builder or developer. Millrose Properties was created as a spinoff from Lennar (NYSE: LEN LEN.B) and has only been trading since February. Since then, Millrose Properties' share price has risen from $21.94 to its current price of $30.54. This is a new REIT with a unique business model, but its relationship with Lennar suggests that it may have at least one long-term partner for its projects. With that said, Millrose Properties' short track record certainly raises its risk profile. Benzinga's compilation of analyst ratings shows an average share price of $31.50, which doesn't represent tremendous growth from today's price of $30.54. It's important to remember that Rome wasn't built in a day, and Millrose Properties helps to provide a product that every American needs. This could be a solid long-term growth Properties (NYSE: EPRT) is third on the list with a modest 1.7% dividend increase. That bump will net Essential Properties' shareholders $0.30 per share. This commercial REIT operates a portfolio of free-standing, single-tenant properties with net leases to long-term tenants. According to Essential Properties' website, its portfolio includes 2,190 units in 49 states. Perhaps most impressively, Essential Properties has a 99.6% occupancy rate. Benzinga surveyed a panel of 20 analysts, and the average price target for Essential Properties was $32.96. That offers some upside from the current share price of $30.67, and shareholders will also earn a 3.84% dividend. Essential Properties may not offer the excitement of an AI stock, but its share price has grown since its 2018 IPO price of $13.50. It has the potential to be a long-term winner, but this REIT is still in its very early stages. Read Next: , which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image: Shutterstock This article These Three REITs Announced The Biggest Dividend Increases In June—Which One Do Analysts Like The Most? originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBS News
17 minutes ago
- CBS News
Fed official says last week's jobs revisions could signal an economic turning point
A Federal Reserve official on Wednesday called last week's tepid jobs report "concerning," and said its significant downward revisions could signal an economic shift in the U.S. Federal Reserve Governor Lisa Cook highlighted the report's sizable downward revisions to jobs created in May and June, saying that they are "typical of turning points" in the economy. Friday's report showed that employers added a weaker-than-expected 73,000 jobs in July. The Bureau of Labor Statistics, or BLS, also sharply revised its job estimates for May and June, saying that the U.S. added 258,000 fewer jobs than previously reported. After Friday's report, President Trump fired the BLS commissioner of labor statistics, claiming that the revisions undermined the data's accuracy. He added that "Economy is BOOMING under 'TRUMP'." Revisions are a common feature of the monthly jobs reports from the BLS, which updates its data after receiving new information from businesses and other sources. Some economists said the July jobs report reflected that some companies are scaling back hiring plans amid a slowing U.S. economy and uncertainty surrounding the Trump administration's tariffs. "There were two major revisions to May and June, and these revisions are somewhat typical of turning points, which again speak to uncertainty," Cook said during a Wednesday discussion with other Fed officials on the global economic outlook. She later added, "When we get the GDP numbers later this year, we're going to see, I can imagine, lower activity." Crafting effective economic policies is dependent on understanding where the economy is heading, said Cook, who prior to her appointment in 2022 as a Fed governor was an economics professor at Michigan State University. She has also served on the faculty of Harvard University's Kennedy School of Government and worked as a senior economist on the Council of Economic Advisers under President Obama, according to her biography. "We want to know not just where we've been, but where we're going. So if we're at an inflection point, we want to look at data that speak to inflection points," she added. Other Fed officials said the July jobs report may not necessarily reflect a long-term direction. On Friday, Atlanta Fed president Raphael Bostic said he had questions about whether the report was a one-time issue or a trend, and added that he believes the labor market still has "a lot of strength." The downward revision to May and June's hiring data marked the largest two-month downward revision outside of a recession since 1968, according to an analysis from Goldman Sachs. Cook also discussed what she referred to as an "uncertainty tax" that she said is weighing on businesses across industries. She said that executives at "all kinds of organizations" are spending more time on preparing for and responding to macroeconomic uncertainty. That includes discussions about pricing based on anticipated cost increases from the new tariffs. When executives spend their time this way, it's a "deadweight loss, we're not going to see that in GDP," she explained. "So there's just uncertainty across the board, but I think it's really interesting that no matter what the sector, no matter what kind of businesses they're in, they're talking about the uncertainty tax," Cook said.
Yahoo
44 minutes ago
- Yahoo
Pictures: Manchester United players move into stunning new-look Carrington
Manchester United have confirmed that Ruben Amorim and his players returned to a new and revamped Carrington training facility on Wednesday morning. Carrington undergoes improvements Last year, United confirmed that they had initiated work on an ambitious £50m project that would see Carrington be transformed into a 'world-class' complex. A big part of Sir Jim Ratcliffe's bid to become co-owner of United was to invest heavily in improving United's infrastructure after several years of neglect and pitiful management by the Glazer family. Award-winning and Manchester-born architect Lord Norman Foster was hired to oversee the renovations at Carrington. United noted that they planned to revamp the gym, medical, nutrition and recovery areas and insisted there was 'a design emphasis on creating more space for collaboration and innovation among players and staff.' The project ran throughout the entire 2024/25 season and was set to officially open just before the start of the upcoming campaign. Last week, Amorim said about the redeveloped Carrington, 'It's like a new start with different standards and I think to go to our building, to the new building is like a fresh start.' 'So, I think the timing is completely perfect to do everything. The good thing is that everybody's aligned what we need to do and now it's to win games, game by game try to win every game and the performance are really important as well.' Now, United have announced that the players have returned to a new-look Carrington following the completion of their United States pre-season tour. United players return to new-look Carrington The club relayed in a statement, 'While away in the States, the refurbishment of our Carrington training complex was completed and the players have now moved in.' 'The innovative new facility will officially open with a ribbon-cutting event on Friday.' The post below features some photos of the players inside the upgraded facility. United also teased the Carrington's opening on social media. United are back in action on Saturday when they take on Fiorentina in their final pre-season clash before the Premier League campaign kicks off. Featured image Carl Recine via Getty Images online polls Follow us on Bluesky: @
