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...Last week the BoE kept rates at 5.25 per cent for a fifth consecutive meeting, as widely expected....
...The central bank, led by former Goldman Sachs banker Hafize Gaye Erkan, has lifted its main interest rate to 42.5 per cent from 8.5 per cent last summer in an attempt to cool price growth, which peaked at...
...The yen fell 0.5 per cent against the dollar to ¥152.51, its weakest level since 1990....
...Core inflation, which strips out volatile food and energy prices, was 4.5 per cent, compared with expectations of 4.6 per cent....
...The Office for National Statistics said average earnings, including bonuses, were 5.6 per cent higher over the period than a year earlier — down from an annual growth rate of 5.8 per cent in the three months...
...The Fed has since December signalled it expected to cut its key interest rate by the equivalent to three quarter-point cuts, from the current range of 5.25 to 5.5 per cent....
...That was 5.7 per cent below its February 2020 level, before the pandemic, as the cost of living crisis weighs on activity....
...Traders in swaps markets are now betting that the Bank of England will deliver only two quarter-point cuts to the interest rate by the end of this year from a current level of 5.25 per cent, down from an...
...markets raised the probability of an interest rate cut by June to 63 per cent, from 58 per cent, ahead of official figures which showed headline annual inflation was 3.4 per cent in February, compared with 3.5...
...Sterling extended early losses against the dollar to trade down 0.4 per cent on the day at $1.273 after the Bank of England held rates at a 16-year high of 5.25 per cent for the fifth consecutive meeting...
...“In politics, when you straddle a fence, it does not end well,” said Mary Anne Marsh, a Democratic strategist. “[Trump] wants it both ways....
...The figures showed that core inflation, which excludes food and energy, fell to 4.5 per cent in February from 5.1 per cent in January. Analysts had predicted a reading of 4.6 per cent....
...RealClearPolitics’ latest polling average puts Trump ahead of Biden in Arizona by 4.5 percentage points. In 2020, Biden won the state by about 10,000 votes, or just 0.3 of a point....
...Analysts say that gold’s record high is all the more striking given the surge in interest rates in recent years, with the Fed’s benchmark rate still at a 22-year high of between 5.25 per cent and 5.5 per...
...Mary McDougall...
...The Fed’s benchmark federal funds rate is currently at a 23-year high of between 5.25 and 5.5 per cent. Read more here...
...Since December the Fed has been signalling that it expects to cut its key interest rate by the equivalent of three quarter-point cuts this year, from the current range of 5.25 to 5.5 per cent....
...Last month the Fed nudged up its estimate for its long-term policy rate from 2.5 per cent to 2.6 per cent....
...Core inflation, which excludes volatile items such as food and fuel and is more closely followed by policymakers than headline inflation, also held steady at 5.1 per cent rather than edging up to 5.2 per...
...The rate-sensitive two-year yield has fallen 0.12 percentage points since the start of March to 4.5 per cent, still much higher than January’s low of 4.12 per cent, while the greenback is still higher against...
...This week’s increase in US consumer price inflation — which hit a higher than expected 3.5 per cent for March — has prompted traders to increase bets that the Fed might deliver as few as one rate cut this...
...The markets’ alignment with the Fed’s forecast of three cuts from their 23-year high of 5.25 per cent to 5.5 per cent marks a big shift as investors adjust to inflation’s slower than expected fall in a crucial...
...In seven weeks benchmark Treasury yields rose from 4.1 per cent to hit 5 per cent by late October, despite the Fed keeping interest rates steady over the period....
...But the charismatic performances, smatterings of wit and abundance of psychosexual titillation ensure the series does enough to attract our attention. ★★★☆☆ First episode on Sky Atlantic on March 5 at...
...The Bank of England is widely expected to hold rates at 5.25 per cent at noon, but attention will focus on the vote split among rate setters, along with any changes to its guidance and inflation forecasts...
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