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UK Is Beating US on Inflation Fight And May Cut Rates Sooner

Posted on AllSides April 14th, 2024
From The Left

Britain is starting to rein in inflation at a quicker pace than the US, underscoring a divergence between the two economies that may allow the Bank of England to move sooner on cutting interest rates than the US Federal Reserve. Official figures due out this week in the UK are likely to show that the Consumer Prices Index eased further in March while unemployment picked up as the nation starts to shake off a recession, a survey of economists shows. The US by contrast just reported an unexpected rise in...

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https://bloomberg.com/news/articles/2024-04-15/uk-is-beating-us-on-inflation-fight-and-may-cut-rates-sooner

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