Rolling coverage of the latest economic and financial news, as central bankers set interest rates for the last time of the year
- Markets bet on UK interest rate cuts in 2024 amid recession risk
- Dow closes at record high after Fed signals it will cut interest rates in 2024
London’s stock market is rallying hard at the start of trading, as investor cheer last night’s dovish words from the Federal Reserve.
The FTSE 100 index of blue-chip shares has jumped by 136 points, or 1.8%, to 7686 points, the highest level in two months.
Continue reading…Rolling coverage of the latest economic and financial news, as central bankers set interest rates for the last time of the yearMarkets bet on UK interest rate cuts in 2024 amid recession riskDow closes at record high after Fed signals it will cut interest rates in 2024London’s stock market is rallying hard at the start of trading, as investor cheer last night’s dovish words from the Federal Reserve.The FTSE 100 index of blue-chip shares has jumped by 136 points, or 1.8%, to 7686 points, the highest level in two months. Continue reading…