13 February: Modest Fall Dashes Hopes Of Spring Rate Cut
Headline US inflation dipped to 3.1% in the year to January 2024 - a smaller fall than forecast
The US economy grew by 3.3% in Q4 of 2023, surpassing expectations by a significant margin. Economists predict continued growth in 2024, led by consumer spending and a strong labor market.
14 December: Euro Central Bank Also Freezes Rates
The Bank of England has held its Bank Rate untouched at 5.25% for the third time in a row, Andrew Mich
Global oil demand growth is set to slow in 2024 with OPEC and the International Energy Agency split on the extent, and a recent OPEC+ deal to limit supply underwhelmed the market.
International Business News: Oil fell 3% on Tuesday, with Brent crude hitting the lowest since June after US consumer prices rose in November, offering more evidence that the Fede