Financial experts predict that the Federal Reserve will temporarily halt its aggressive interest rate increases in its upcoming meeting. However, consumers are unlikely to see any relief, even with the pause. The central bank has implemented 10 interest rate hikes since last year, the fastest it has done so since the 1980s. Unfortunately, inflation has …
The Chancellor has set a tight fiscal rule to decrease debt-to-GDP within five years, leaving only a £6.5bn buffer, the smallest since at least 2010. However, the OECD forecasted an upgrade in the UK’s growth in 2023 while warning that the narrow margin could hinder the weak recovery. The OECD stated, “Significant risks surround the …
The global economy remains fragile as inflation continues to impact household spending and higher interest rates hinder growth, according to the Organization for Economic Cooperation and Development (OECD). The Paris-based group, comprising 38 member countries, predicts global growth to reach 2.7% this year, up from the previous estimate of 2.2% in November, with growth expected …