Former hardcore hawk, the Bank of England pulled ahead of the Federal Reserve by rejoining the global race to the bottom. And it did so with what is being called a weird three-way split. The split was neither weird nor much of one. Instead what BoE did – and why – has already shown up here in the US. The latest confirmation comes from the Fed’s very own data where job fears have exploded for the same reason(s) BoE is acting.
Eurodollar University’s Money & Macro Analysis
Bank of England MPR May 2025
https://www.bankofengland.co.uk/monetary-policy-report/2025/may-2025
FOMC Chair May 2025 press conference
https://www.federalreserve.gov/mediacenter/files/FOMCpresconf20250507.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU