BOE’s Bleak UK Growth Forecasts Set Up Sharp Rate Cuts for 2024

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Bank of England Governor Andrew Bailey may insist that it is “much too early to be thinking about rate cuts,” but the financial markets have other ideas.

UBS to Lose $135 Million as SNB Cuts Reserve Rates, KBW SaysEgypt Holds Rates With Elections Seen Delaying Next DevaluationAirlines Rush to Hedge Oil Bills Against Risks From Israel-Hamas WarMarkets today: Wall Street rallies toward its best week of 2023 on hopes for halt to rate hikesGermany to Use Lowest Amount of Energy on Record This YearCzechs Delay Rate Cut as Inflation Risks Trump Shrinking EconomySEC Releases Regulations on Security-Based Swaps Trading VenuesNorfolk Southern’s $1.

6 Billion in Third QuarterSaudis In Talks With Pakistan on Reko Diq, Barrick CEO SaysIsrael Latest: Hamas Is Set to Release More Foreigners From GazaLottery-Like Bet on Venezuela Pays Off for Hedge FundsChile Economic Activity Bounces Back as Policymakers Cut Interest RatesOntario to launch infrastructure bank with $3 billion funding​The Daily Chase: Shopify soars; Barrick beats expectationsU.S. Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hikeU.S.

 

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