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
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
One down, two to go. It’s the Bank of England and the European Central Bank’s turn to set interest rates today, a day after the US Federal Reserve cheered investors with a clear signal it will cut rates next year.
