Us Rate Cuts 2024 Uk. Similarly to the united kingdom, inflation has also proven surprisingly stubborn in the united states and europe, prompting traders to scale back expectations for interest rate cuts from major. Us federal reserve chairman jerome powell said easing inflation meant 'the direction of travel is clear'.
Us interest rates are to be cut just once this year, according to updated forecasts from its central bank. With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing” narrative that has helped drive u.s.
