In brief

Bank of England raises interest rate to 4%… first hike since 2023

U.S. inflation rose 3.7% in September… higher than the U.K.’s 3.5%

Traders price in three more U.K. rate hikes… BlackRock sees the possibility of one

Read Lockridge Okoth’s original article on kr.beincrypto.com: U.S. inflation rises… BOE hikes rates, so why didn’t the Fed?