Central banks' contrasting views on rate cuts and aftermath of the UAW strike

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This chapter discusses the contrasting views of central banks on rate cuts and the impact on the markets, with the US Federal Reserve hinting at cuts while the European Central Bank and the Bank of England show no inclination for rate cuts.

Central banks are charting different courses for interest rates in 2024, and EU leaders have agreed to officially start accession talks with Ukraine. Plus, for US union leader Shawn Fain, the historic auto workers strike is only the beginning.

Mentioned in this podcast:

EU leaders agree to start accession talks with Ukraine

Stocks and bonds surge as Jay Powell comments fuel bets on interest rate cuts

ECB keeps rate on hold but lowers inflation forecast

Andrew Bailey warns ‘still some way to go’ as BoE holds rates at 5.25%

The unexpected revival of America’s trade unions

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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