There will be central bank policy meetings in two key G7 economies today: the USA and the UK. The US Federal Reserve and the Bank of England will be holding policy meetings today. The Fed will be especially closely scrutinised following Trump’ s win in the Presidential election and the Republican sweep of both Houses of Congress, which looks almost certain to…
Economic News
—The Bank of England cut its main interest rate by a quarter of a percentage point on Thursday after inflation across the U.K. fell below its target rate of 2%. The U.S. Federal Reserve is also expected to cut interest rates later Thursday. Economists have warned that worries about the future path of prices following last week's tax-raising budget from the new…
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—While prices for most goods have been falling throughout the year, inflation for a wide range of services remains high. Prices for services rose 3.7% in September from a year ago, according to the personal consumption expenditures price index, the inflation gauge of choice for the Federal Reserve. Pressure from rising wages increased following mandatory…
After slashing its key interest rate by a hefty half percentage point in September, the Federal Reserve is expected to lower rates by a more measured quarter point Thursday and several times next year as inflation continues to ease. But if the Fed veers from that steady pace, it likely would be to reduce rates less sharply to ensure inflation keeps falling,…
—Federal Reserve officials are poised Thursday to reduce their key interest rate for a second straight time, responding to a steady slowdown of the inflation pressures that exasperated many Americans and contributed to Donald Trump's presidential election victory. His election has also raised the specter of meddling by the White House in the Fed's policy…
2024 NOV 06– By a News Reporter-Staff News Editor at Engineering Daily News– Investigators publish new report on Technology. For more information on this research see: Fdi and Superstar Spillovers: Evidence From Firm-to-firm Transactions. Journal of International Economics, 2024; 152. Journal of International Economics can be contacted at: Elsevier,…
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–With Trump’ s victory now confirmed, the USD/JPY pair is trading around 151.35, reflecting renewed strength for the U.S. dollar.– Markets anticipate that a Trump presidency could reduce the need for further easing by the Federal Reserve, as business-friendly policies are expected to stimulate economic activity independently.– This outlook supports a bullish…
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2024 NOV 05– By a News Reporter-Staff News Editor at Economics Daily Report– Current study results on Economics have been published. According to news reporting from Columbus, Ohio, by NewsRx journalists, research stated,“ The U.S. Federal Reserve has undertaken several interest rate interventions in the past decade.”. The news correspondents obtained a quote…
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In a newly released Best’ s Special Report, AM Best notes that while the Federal Reserve reduced interest rates by half a point in September 2024, they remain nearly twice the level of five years earlier. Surrender benefits topped $100 billion for the fifth straight quarter and sixth in the last seven quarters, compared with an average of $86 billion prior to that…
As Federal Reserve officials prepare for the start on Wednesday of their two-day policy meeting, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management policy measures to "fine tune" the economy. The lesson learned on more than one occasion is that- apart from threats of high inflation at the one…
Third Quarter 2024 Investor Presentation. These risks and uncertainties include, but are not limited to: a deterioration in general economic conditions, including inflationary conditions and resulting in reduced consumer confidence and business spending, and a decline in consumer credit worthiness impacting demand for our products; the…