FT News Briefing What 2024 taught central bankers
65 snips
Dec 19, 2024 Central banks reflect on lessons learned from 2024 as the Federal Reserve adjusts interest rates and navigates inflation challenges. The US Supreme Court's decision to hear TikTok’s appeal adds a layer of intrigue to digital regulation. Meanwhile, Honda and Nissan are exploring a merger to enhance their competitive edge in the global automotive market, aiming to tackle the challenges posed by rising Chinese EV manufacturers. This consolidation echoes a broader trend in Japan's manufacturing sector, seeking strength through unity.
AI Snips
Chapters
Transcript
Episode notes
Central Bank Performance
- Central banks' performance in 2024 deserves a 'B' grade.
- Inflation is down, but the crisis isn't over, so no victory lap yet.
Inflation Progress
- Inflation is decreasing, approaching the 2% target in major economies.
- Progress is evident, though the UK and US still have further to go.
Improved Forecasts
- Central bank forecasts significantly improved in 2024, becoming more accurate.
- The world is more predictable now, giving some confidence for the future.