Against All Odds

This **NatWest economic update** examines resilient trends in the UK housing market, Eurozone inflation, and U.S. monetary policy amidst global uncertainty.

• UK Housing Market: Annual house price growth rebounded to 3.7% in November, supported by strong household balance sheets and a resilient labor market.  
• Eurozone Inflation: Inflation rose to 2.3% YoY in November, with the ECB expected to continue gradual rate cuts amid persistent price pressures.  
• U.S. Monetary Policy: Inflation remains stubborn, with the Federal Reserve signaling cautious rate cuts while monitoring core price acceleration.  

For further analysis of these developments and their market implications, access the full report.