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.
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.
High interest rates have created strong headwinds for the global energy transition, according to a new report by Wood Mackenzie.
CNBC's Jim Cramer referred to these factors as "brown shoots" that are disrupting U.S. economic growth.
Compared to the Japanese yen, the dollar has strengthened by almost 16% this year. Japan and South Korea aren’t happy about the currency gap.
Inflation and hiring have been firmer than expected this year, weakening
Experian reports on what may be behind an increase in consumer personal debt including credit card, auto loan and mortgage payments.
The head of the world's largest money manager said it's unlikely the central bank will hit its 2% goal anytime soon.
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
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."