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Traders hesitant on Fed rate cuts, KPMG fined for cheating scandal, Lloyd's Bank restructures risk management. US inflation rising impacts market predictions. FT Weekend Festival promo code available. Hosted by Fiona Symon, Sonja Hutson, and team.
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- US inflation rise challenges Fed's rate cut plans, shifts projections to 1-2 cuts.
- KPMG fined for exam scandal, Lloyds Bank streamlining risk management faces compliance concerns.
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US Inflation Trends and Rate Cut Expectations
US inflation rose for the second consecutive month to 3.5%, posing challenges for the Federal Reserve's planned interest rate cuts. Initial projections of six to seven cuts were revised to possibly one or two cuts due to unexpected inflation trends. The strong economic growth and persistent inflation levels have sparked a debate on the necessity of rate adjustments, indicating a potential prolonged period of higher rates.
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