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Persistently higher interest rates in major economies mean global growth is likely to slow next year after outperforming expectations so far in 2023, economists say.Output will expand 2.1 percent in...
JACKSON HOLE (Wyoming): US economic growth, still racing at a potentially inflationary pace as other key parts of the world slow, may pose global risks if it forces Federal Reserve (Fed) officials to raise interest rates higher than expected.
Federal Reserve Chairman Jerome Powell and his colleagues might welcome the recent rise in bond yields rather than try to stamp out the fire, economists said.
Citigroup Global Markets chief economist Nathan Sheets says he still expects a US recession in 2024. If there is no recession, he believes rates will remain higher for longer. Finally, he points to...
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