AllSides Balanced Search reveals information and ideas from all sides of the political spectrum so you can get the full picture.
Feb 05 2024
Bank of England Chief Economist Huw Pill said interest rates could drop this year as a “reward” to the economy for bringing inflation down.
Pill said borrowing costs are on track to fall so long as inflation declines as expected — and that the Consumer Prices Index doesn’t need to drop all the way to the 2% target before the cuts can begin. Monetary policy is now “on a different pathBloomberg
Jan 10 2024
This year is set to be a big one for Federal Reserve officials: They are expecting to cut interest rates several times as inflation comes down steadily, giving them a chance to dial back a two-year-long effort to cool the economy.
But 2024 is also an election year — and the Fed’s expected shift in stance could tip it into the political spotlight just as campaign season kicks into gearNew York Times (News)
Feb 08 2024
From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers.
The Fed is widely expected to do so this year — probably several times. Inflation, as measured by its preferred gauge, rose in the second half of 2023 at an annual rate of about 2% — the Fed’s target level. YetAssociated Press
Dec 13 2023
The central bank said it was watching the data to determine if “any additional” rate hikes might be appropriate — a wording suggesting a higher hurdle to raising borrowing costs further. The move is another hopeful sign that the U.S. economy might conquer inflation without a recession or a sharp rise in joblessness, a potential boon to President Joe Biden as he seeks reelection. Still, holdingPolitico
Dec 28 2023
A slowdown — but no recession.
That's the broad consensus for the economy among experts as we head into 2024. After a post-pandemic period that saw growth surpass most forecasts — but also spurred breakneck inflation — Americans should now expect a period of reduced business activity.
Yet while some economists believe the risk of a recession will remain, others think a "softNBC News (Online)
Dec 13 2023
The Federal Reserve held interest rates steady Wednesday after a year of remarkable progress in its fight against inflation. The Federal Open Market Committee (FOMC) — the panel of Fed officials responsible for monetary policy — kept its baseline interest rate at a range of 5.25 to 5.5 percent following its final meeting of the year. The central bank raised rates to that level in July and hasThe Hill
Dec 14 2023
The Bank of England kept interest rates at the highest level in 15 years as its policy makers persisted with their higher-for-longer message despite growing market bets on a wave of cuts in 2024.
The Monetary Policy Committee voted 6-3 to keep its key policy rate at 5.25% for the third consecutive meeting, according to minutes of the decision released Thursday. Policymakers split alongBloomberg
Jan 03 2024
The post-COVID-19 economy was finally supposed to stop defying gravity and topple into a recession this year.
Instead, the stock market is roaring on the growing belief that the Federal Reserve is on track to wrestle down inflation without causing a downturn, a rare feat known as a “soft landing.”
To be sure, growth is expected to slow amid the delayed effects of the Fed’sUSA TODAY
Dec 04 2023
The war on inflation is mostly won. The job market is finally slowing down. And earlier Fed hikes are still rippling through the economy and set to do unnecessary economic damage if not reversed soon.
Why it matters: That, in three sentences, makes the case for a Fed policy pivot, which may lead to rate cuts in the early months of 2024.
Notably, it is not the stated view of chairAxios
Sep 21 2023
The Swiss National Bank paused its monetary tightening, defying expectations of another interest-rate hike to avoid adding constriction on a stalled economy. Policymakers led by President Thomas Jordan left the key rate at 1.75%, an outcome anticipated by only a small minority of economists surveyed by Bloomberg. “The significant tightening of our monetary policy over recent quarters isBloomberg