Interest Rates
OECD predicts Fed and ECB will resist interest rate cuts until late 2024 and spring 2025
The Paris-based organization said rate cuts would only begin in the US in the second half of 2024, and not until the spring of 2025 in the euro area
The Federal Reserve (Fed) and the European Central Bank (ECB) will need to keep interest rates high for longer than investors expect to ensure inflation is weeded out of their economies, the OECD’s chief economist has said.
The Paris-based organization said in its economic outlook that rate cuts would only begin in the US in the second half of 2024, and not until the spring of 2025 in the euro area.
That contrasts starkly with ...
