Inflation is nearly back to 2% So why isn t the Federal Reserve ready to cut rates?
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Inflation is nearly back to 2% So why isn t the Federal Reserve ready to cut rates?
journal-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journal-news.com Daily Mail and Mail on Sunday newspapers.
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