Nathaniel Casey News Today

12 June: Market Remains Hopeful For Rate Cut Later This Year The US Federal Reserve has held interest rates in a target range between 5.25% and 5.5%, a

The Pound treaded water against the US Dollar on Thursday following the release of the latest US GDP growth rate.

Real GDP grew 1.6% compared to consensus expectations of 2.4%

11 April: Hopes Rise For Summer Cut To Borrowing Costs The European Central Bank (ECB) has, as widely expected, left borrowing costs untouched across th

Yet another rise in US inflation could lead to fewer rate cuts from the Fed this year, as the Fed's path to 2% is "slowing".

US inflation came in hotter than expected in February, but markets continue to anticipate that the Federal Reserve will cut rates in June.

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.