#Rate cuts in #2024 were considered a done deal by many at the turn of the year, but #Macquarie has thrown in the towel on rate cuts this year, as a string of sticky inflation and strong #growth data this year suggests the disinflation train is running out of steam. “We no longer expect […]

  The #usa is still on track to avoid a recession and achieve a soft landing, #UBS says, on bets that the consumer is set for hiatus from a spending spree that has helped sustain the #economy and keep inflation sticky.   “Our base case remains a soft landing, with economic growth and inflation cooling off

  #usastock index futures moved little in evening deals on Monday as a rally in the technology sector appeared to be running out of steam amid dwindling hopes for interest rate cuts by the Federal Reserve. Focus was now on a Fed meeting later in the week for more cues on policy, after a series