Growth down, inflation up, but no recession - BoI

Three Fed officials dissented over the policy statement, arguing it's no longer appropriate to signal the next move is likely a rate cut, and that the outlook should signal the next change could be either a cut or a hike.

A report warns that inflation could potentially soar to 10%.

Rabobank's head of macro strategy warns of multiple risks, citing Tokyo's actions, potential crisis in Tehran, bond market warnings to the Fed, and the breakdown of the consensus for smooth disinflation and AI-driven growth.

US Fed official says rate hikes may be needed if inflation surges.