The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
Analysts expect the headline rate of inflation for March to ease to 3.2 per cent from 3.4 per cent, when new figures are published this week.
Interest rate cuts are still “some way off”, the Bank of England’s chief economist has warned, as hopes for rapidly falling borrowing costs around the world fade.]]>
Inflation and hiring have been firmer than expected this year, weakening
The Bank of England 's governor last night forecast another big drop in inflation after it fell to the lowest level since September 2021.
State Street chief investment officer Lori Heinel believes a rate cut in June is "likely."
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
Federal Reserve policymakers have been obsessed with when they may safely lower interest rates to avoid a recession without impeding the path to 2% inflation.
Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on US rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady […]
Mortgage interest rates have fallen across a range of products in recent weeks
CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.