Pound rockets to more than two-year high after BoE rate decision
Sterling soared to its highest level in two and a half years against the US dollar after the Bank of England held its interest rate…
What the Fed’s jumbo rate cut means for European and global markets
The Fed's substantial rate cut could result in a further loosening of global liquidity, prompting a shift in capital across asset classes and stock sectors.…
Why does a US rate cut matter? | Business and Economy
The United States Federal Reserve has cut interest rates for the first time since 2020.It was seen as the clearest signal yet that central banks…
The Fed announces big interest rate cut, the first reduction since 2020
WASHINGTON — The Federal Reserve, hoping to give a strong adrenaline shot to the economy, on Wednesday announced a big half-point reduction in interest rates and…
State pension to rise by £460 for millions next year as UK inflation rate stays at 2.2%
THE UK's rate of inflation remained at 2.2% in August meaning the state pension will rise by £460 for millions next year.The Office for National…
California surgeon general sets goal of reducing maternal mortality by 50%
California’s surgeon general has unveiled a new initiative to reduce maternal mortality and set a goal of halving the rate of deaths related to pregnancy…
Gold nears record highs ahead of crucial rate decisions by central banks
Gold continues to hover near all-time highs, driven by a weakened US dollar, uncertain global economic outlooks, and escalating geopolitical tensions. The rally shows no…
Bank of Canada governor raises prospect of big rate cuts
Breadcrumb Trail LinksFinancial TimesEconomyTiff Macklem signals central bank will step up pace of reductions should economic conditions worsenAuthor of the article:Financial TimesJoel Suss and Chris…
Markets look ahead: EU final CPI, BoE, BoJ, and Fed rate decisions in focus
This week is packed with critical economic data and events, shaping global market sentiment. Three major central banks are scheduled to hold policy meetings and…
World Braces for Fed Easing Amid 36-Hour Rate Rollercoaster
Breadcrumb Trail LinksPMN BusinessThe world economy’s tectonic plates will shift this week when a US easing cycle begins, just as officials from Europe to Asia…
WSL transfer window: Rate each club’s business
InsNikita Parris (Forward, from Manchester United)Fran Kirby (Midfielder, from Chelsea)Jelena Cankovic (Midfielder, from Chelsea)Marisa Olislagers (Defender, from FC Twente)Aisha Masaka (Forward, from BK Hacken)Bex Rayner…
Markets weekly look ahead: ECB interest rate decision in the spotlight
This week, the European Central Bank (ECB) is poised to decide on interest rates, a key event for both European stock markets and the euro.…
ECB rate cut looking more likely as Eurozone growth downwardly revised
Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong…
Purpose Investments Inc. Announces Final August 2024 Distribution Rate for Purpose High Interest Savings Fund, Purpose US Cash Fund, Purpose Cash Management Fund, and Purpose USD Cash Management Fund
Article contentTORONTO, Aug. 27, 2024 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today the final August 2024 distribution rates for Purpose High Interest Savings Fund,…
Pound soars to 29-month high following Fed rate cut signal at Jackson Hole
The British pound surged to its highest level against the US dollar given the Bank of England's less dovish stance compared to that of the…
Markets look ahead: EU inflation data in focus as ECB considers rate move
The Eurozone is set to release its first estimate of inflation for August, offering clues about the ECB's interest rate decision in September. Nvidia's earnings…
Powell’s Fed Rate Cues, Reliance AGM To Bolster Indian Stocks
Breadcrumb Trail LinksPMN BusinessBefore the trading day starts we bring you a digest of the key news and events that are likely to move markets.…
Fed’s Preferred Price Gauge to Reinforce Rate Cuts: Eco Week
Breadcrumb Trail LinksPMN BusinessUS inflation figures in the coming week will reinforce that long-awaited interest-rate cuts are coming soon, while a reading on consumer spending…
Charting the Global Economy: Powell Pivots to September Rate Cut
Breadcrumb Trail LinksPMN BusinessChair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials…
Fed Chair Jerome Powell indicates interest rate cuts are coming amid lowered inflation
Federal Reserve Chairman Jerome Powell Friday indicated interest rate cuts are coming amid positive economic data on inflation dropping to an annual rate of 2.5%.…