U.K. Economy Shrank as 2023 Ended, Tipping Into Recession Growth contracted 0.3 percent from October to December, the latest sign of a lackluster economy slowed by weak retail sales.
Powell, Fed’s Chair, Unleashes the Bulls The Federal Reserve’s surprise projection that it may cut interest rate three times next year has triggered a global rally in stocks and bonds.
Bank of England Keeps Interest Rates at 5.25%, a 15-Year High The British economy has showed signs of slowing down, with inflation dropping below 5 percent in October, but the bank gave no sign of a rate cut anytime soon.
Climate Protesters Get in Fed’s Face as Policy Clash Grows Louder Jerome H. Powell, the central bank’s chair, has been interrupted recently by a climate group that thinks disruption will win the day.
U.K. Inflation Slows to 4.6 Percent, Lowest in Two Years Inflation is expected to continue to slow, but central bank officials have said they will keep interest rates high.