Why the Bank of England might be wary of cutting interest rates before the Fed

@cityam— 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 Guardian—Bank of England’s chief economist dampens hopes of summer interest rates cut. Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...

Morningstar—When Will the Bank of Canada Start Cutting Interest Rates?. Canadian investors and borrowers are on the edge of their seats as they wait for Tiff Macklem and the Bank of Canada to finally cut interest...

CNN—When will the Fed begin to cut interest rates? It’s a mystery. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. They’re widely expected to hold rates steady for the sixth straight meeting. But analysts...