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...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...Last week’s jump was triggered by the Federal Reserve’s signal that investors can look forward to more interest rate cuts this year....
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
...China’s “credit impulse” — the change in the flow of credit — was a “headwind for growth for much of the last year” but has now moved back into positive territory, BofA’s analysts said....
...In contrast, the strength of the US economy and high levels of government spending relative to taxes could persuade the Federal Reserve to keep interest rates high for some time, say investors, which could...
...At some point, this risks leaving lenders without sufficient reserves and could cause unwanted volatility in short-term borrowing costs and even a credit crunch....
...Starbucks in 2022 introduced more sizes for baristas’ green aprons and the option for customers to tip with their credit cards, two of the union’s initial demands....
...That’s certainly true, and it’s very important for a proponent of industrial policy like him to say that....
...Instead, banks would have to rely on more traditional, standardised assumptions that measure how risky assets are by using credit ratings from agencies....
...Students at Munich’s technical university are able to take part in programmes at UnternehmerTUM as part of their degrees, where they are able to receive the same amount of credits as for an academic course...
...Federal Reserve vice-chair for supervision Michael Barr had gold-plated the Basel rules, provoking a fierce backlash from Wall Street’s finest....
...The US president sought to ease the pressure on would-be homeowners through tax credits outlined in this month’s State of the Union address, but that benefit is unlikely to have as big an impact as lowering...
...Nominal credit card debt hit a record $1.13tn in the last three months of 2023, growing at one of the fastest rates in more than 20 years, according to the New York branch of the Federal Reserve....
...The divergence between European and US credit spreads has played out primarily at the weakest end of the credit quality spectrum....
...(There is a parallel with the US economy where state bank licensing regimes coexist with a set of federal licensing rules.)...
...The federal structures are far too complex for that.”...
...Trump claimed credit for helping get Johnson elected....
...Western Union has experimented with blockchain as a way of bringing down the cost of remittances....
...A leading proponent of modern monetary theory, she contends that higher interest rates do not always slow economic growth....
...The US Federal Trade Commission last month sued to block Kroger’s $24.6bn bid to buy rival Albertsons, the largest supermarket deal in history....
...Denmark’s largest union 3F announced yesterday that it had joined Scandinavia in the latest escalation in tensions over workers’ rights against US electric-car maker Tesla....
...The proponents want the measures to be retroactive, in spite of the Bank of Italy’s warnings in 2020 against making any such provision applicable to non-performing loans already sold by the banks....
...The proposal issued by the Consumer Financial Protection Bureau on Tuesday would subject non-bank companies that offer digital payments to a regulatory scheme similar to that for banks or credit unions....
...Biden has promised homebuyers a tax credit worth up to $400 a month for the next two years — though such a measure would require congressional approval....
...Look to the US, the argument often went, whose federal budget leads to much more redistribution between states than takes place between EU members....
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