From Forbes: 2024-04-11 00:11:50

US inflation has risen to 3.5% in the year to March, prompting analysts to believe the Fed may hold off on cutting borrowing costs until summer or autumn. Rising fuel and housing costs were key factors in the increase. In the UK, annual inflation has fallen to 3.4% in February, the lowest since autumn 2021, strengthening calls for a Bank of England rate cut. The Bank has maintained the Bank Rate at 5.25% for the fifth consecutive time since August. With the US Fed also holding interest rates, the UK market is waiting for a signal to make changes.



Read more at Forbes: US Price Increases Reduce Prospects Of Early Rates Cut – Forbes Advisor UK