US Fed declares inflation rate steady as rate cuts appear imminent
Have Wall Street’s prayers been answered at long last?
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Have Wall Street’s prayers been answered at long last?
Risk asset markets and bonds are bullish about the prospect of rates imminently heading south.
The exceptional forces that once drove interest rates to record lows are dissipating.
The Old Lady needs a trim. There are two excellent economic reasons for going ahead with a cut now.
Inflation could be better fought by trying to boost supply rather than by constraining demand.
There are some signs of a gradual drift back to the office and reasons for optimism in the CRE sector.
A big task for the Bank of England’s over the next few years will be resisting political pressure to impose quicker, more drastic cuts.
The high unemployment and corporate failures predicted during Covid have not materialised while the housing market has also held up.
Today was the first time since the 2020 pandemic that an economist from the Monetary Policy Committee voted to cut interest rates.
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