Quarterly Review: Q3,2024

Quarterly Review: Q3,2024

The latest data have shown some improvement in global activity with the US holding up well, the euro-zone exceeding weak expectations and China starting to respond to policy support. The inflationary implications of President-elect Trump’s mooted policies mean the Fed is likely to cut interest rates more slowly then originally anticipated. Meanwhile, in the UK, the Budget looks set to boost both GDP growth and inflation over the next couple of years. (more…)