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Global economy ‘fraught with uncertainty,’ expected to slow: Davos survey

According to the World Economic Forum, the majority of economists believe economic activity will slow in 2024. Report released on Mondayciting the stresses of global conflict and long-term deflationary efforts. “The global economic outlook remains weak and fraught with uncertainty,” the report said. “While there have been positive developments such as easing inflationary pressures and […]

Fed’s Bostic warns US progress on inflation is likely to slow

Atlanta Fed President Rafael Bostic said inflation could “see-saw” if policymakers cut rates too soon, and the decline in inflation toward the central bank's 2% target will slow in coming months. The Financial Times reported on Sunday that it was likely to happen. “We expect inflation to move more slowly going forward,” Bostic, a voting […]