Review of the week: 20 May 2024

US economic data is softening, yet there seems a way to go before interest rates start to fall. On this side of the Atlantic it’s the complete opposite.

Quick take:

• Credit card delinquencies are rising sharply in the US with under-40s hit hardest
• American inflation faded slightly to 3.4% in April
• UK inflation is expected to have dropped substantially to 2.1% in April

 The Review of the week is for use with all clients, IFAs and professionals.