Israel-Iran tensions test central banks’ appetite for rate cuts
Middle East hostilities likely to heighten caution as Fed and BoE prepare to meet
Middle East hostilities likely to heighten caution as Fed and BoE prepare to meet

The surge in oil prices and a softening labour market pose a dilemma for the US central bank

The Federal Reserve, ECB and Bank of England will this week deliver their first formal verdicts on the threat posed by the…

Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation

Decision follows data showing UK inflation remains stubbornly above target

Bond giant and Franklin Templeton warn in interviews with FT against cuts in borrowing costs

What happened after the pandemic is an imperfect guide for the latest shock