Want to create an interactive transcript for this episode?
Podcast: Beyond Currency
Episode: 14 September 2023 - Tough time for the Fed & the MPC
Description: It was expected that the economy would have failed to post any growth in July as the poor weather and a series of strikes led the economy to shrink by 0.5%.
Another hike in interest rates also contributed to falling demand and led to fears that the good news that has been seen recently about the UK’s prospects has ended.
It had been predicted that the economy would have shrunk by 0.2%, but construction projects and retailers saw activity fall by significantly more than expected.
The country has been walking a tightrope for several months teetering on the edge of a lo...