tensions in the middle east are affecting the global economy in unexpected ways from the disruption to shipping in the red sea to the boycotting of global brands. but there are other major unknowns to contend with in 2024 not least the outcome of the us presidential election in the autumn. and could a renewed rise in food and energy prices derail the federal reserve s plans to cut interest rates this yearfrom their 22 year high? steven blitz is chief us economist at ts lombard in new york. hejoins me now to give us a bit of an outlook on what is going to happen in the world s biggest economy this year. the main question of the year is if high interest rates will tip the economy into a recession and when central banks. responding by cutting rates. what are your expectations? i think the second part of the question is a lot easier than the first part. at least in the
for nightclubs. we start today, inside the minds of the people who decide on the cost of borrowing in the world s biggest economy. minutes of the latest meeting of federal reserve policymakers have been released. most believe that the battle against inflation is not over yet. there were some dissenting voices, who believe the greater risk would be to raise rates much further because of the risk to the economy. wall street has been poring over the insights into the decision makers thoughts for clues about what happens when the fed makes its next interest rate decision in september. joining me now is steven blitz, chief us economist, globaldata. ts lombard. consensus is that there won t be a rate rise in september.
we start today, inside the minds of the people who decide on the cost of borrowing in the world s biggest economy. minutes of the latest meeting of federal reserve policymakers have been released. most believe that the battle against inflation is not over yet. there were some dissenting voices, who believe the greater risk would be to raise rates much further because of the risk to the economy. wall street has been poring over the insights into the decision makers thoughts for clues about what happens when the fed makes its next interest rate decision in september. joining me now is steven blitz, chief us economist, globaldata. ts lombard. consensus is that there won t be a rate rise in september.