Bailey signals UK on track for rate cuts as US grapples with stubborn inflation
Related Articles
-
US rate setter tells BBC 'no hurry' to cut interest rates
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
-
US Fed's Favored Inflation Measure Accelerates, Dimming Rate Cut Hopes
The US central bank's favored measure of inflation accelerated last month, according to government data published Friday, pushing back the chances of an interest rate cut this summer.The hotter print is likely to cement the view that inflation, while down sharply since 2022, remains a challenge, and could keep the Federal Reserve on pause as it seeks to battle rising prices.It also complicates US president Joe Biden's reelection message as he seeks to convince still-skeptical consumers that the...
-
Affluent Americans are driving US economy and likely delaying need for Fed rate cuts
Older Americans are fueling a sustained boost to the U.S. economy. Benefiting from outsize gains in the stock and housing markets over the past several years, they are accounting for a larger share of consumer spending — the principal driver of economic growth — than ever before.