AGP Executive Report
Last update: an hour agoPay and Rates: October added 165,000 jobs, but wages rose 3.1% over the year against 3.7% inflation, squeezing household budgets. Strong hiring also lifted expectations of a possible December rate hike. Savings: Major-bank CDs are offering up to 4.50% APY, with terms of seven to 12 months. In the UK, 57% of surveyed adults backed keeping the Cash ISA allowance unchanged, and more said they planned to save in cash than invest. Debt Pressure: Equifax data shows mortgage arrears remain low, but hardship involving credit cards climbed 33.3% year on year and personal-loan hardship rose 22.2%. AI and Banking: Anthropic’s Claude can connect to bank and credit-card accounts to sort spending, flag duplicate payments and rising bills, and estimate what will remain after upcoming bills; it cannot move money. Business Credit: Starling is launching a business credit card with uncapped 1% cashback, no annual fee and a variable 24.90% APR.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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