This year marks a sluggish recovery for the UK economy, which entered technical recession after two consecutive months of negative growth at the end of 2023.
The Minneapolis Federal Reserve chief said that policymakers need to see ‘a lot’ more data showing inflation is trending down before an interest rate cut.
New revised GDP data show better-than-expected economic growth in fourth quarter 2023, but real-time GDP estimates for first quarter 2024 dropped sharply.