Fed pauses interest rate cuts. What happens next may depend on Trump
WASHINGTON — After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over…
Markets recover from DeepSeek turmoil ahead of key rate decisions and tech results
Global stock markets rebounded from the previous day's selloff, ahead of major tech earnings and central bank rate decisions. ADVERTISEMENTBoth European and US stock markets…
Australia’s Cooling Inflation Opens Door to RBA Rate Cuts
Breadcrumb Trail LinksPMN BusinessAustralia’s core inflation eased by more than expected in the final three months of 2024, opening the door to an interest-rate cut…
How does British football food rate with Champions League away fans?
How does British football food rate with the Champions League away fans who have visited the UK during the league stage? Source link
The markets: Central bank rate decisions, tech earnings, and key economic data
Global markets will focus on central bank rate decisions and earnings from US tech giants, alongside major European corporate quarterly results. ADVERTISEMENTStock markets posted consecutive…
Boost for under fire Rachel Reeves after surprise inflation fall raises hopes of interest rate cuts
UNDER-pressure Rachel Reeves was given a glimmer of hope as inflation fell — raising interest rate cut hopes.The Chancellor saw inflation sink 0.1 per cent…
Japan’s Household Spending Falls, Weighing on BOJ Rate Hike Path
Breadcrumb Trail LinksPMN BusinessJapan’s households cut consumption for a fourth month as inflation continues to weigh on their purchasing power, showing an economic fragility that’s…
Bond Turmoil Raises Prospect of Slower Bank of England Rate Cuts
Breadcrumb Trail LinksPMN BusinessBritain’s market upheaval has put the spotlight on its Labour government this week, but economists say the Bank of England will also…
Fire evacuees can find rooms at these L.A. hotels
The Hotel Assn. of Los Angeles reported that its members “are currently taking in thousands of Angelenos who have been displaced by the Palisades, Eaton…
US Fed officials expected slower rate cuts in 2025, say December minutes | Inflation News
Minutes of the December meeting show a division on decision to cut rates and the 0.25 percent cut was a ‘close call’.United States Federal Reserve…
Turkey’s Central Bank surprises markets with sharp rate cut as inflation eases
The Central Bank of the Republic of Turkey (CBRT) has cut its benchmark one-week repo rate by 250 basis points, bringing it down to 47.5%.…
President Obama’s tax rate was 20.5%, lower than his secretary’s
WASHINGTON — As President Obama mounts an aggressive campaign on what he calls tax fairness, his own tax burden has fallen to the lowest of…
The 24 Hours of Rate Cuts That End Year of Global Central-Bank Easing
Breadcrumb Trail LinksPMN BusinessA year when inflation subsided enough for monetary policy easing to start in most advanced economies is about to conclude with a…
European Central Bank delivers final rate cut of the year
The ECB started cutting the main interest rates in June 2024, to boost the Eurozone's lagging economy, through lower rates to encourage borrowing, spending and…
Inside UK seaside town named one of the best – tourists rate one thing
This picturesque seaside town has been dubbed one of the finest holiday destinations in the entire UK - and there is one particular highlight that…
U.S. job growth is strong in November, but retailers pull back
WASHINGTON — Job growth rebounded in November from the weather-related stall in hiring the previous month, fresh evidence that the labor market remains healthy despite signs…
Eurozone’s inflation rate rises to 2.3%: Should the ECB be concerned?
Annual inflation in the eurozone edged higher in November, matching expectations, while Germany reported its worst retail sales drop in two years, signalling broader economic…
Fed Minutes Show Officials Prefer Future Rate Cuts to Be Gradual
Breadcrumb Trail LinksPMN BusinessFederal Reserve officials indicated broad support for a careful approach to future interest-rate cuts as the economy remains solid and inflation slowly…
Higher energy bills push rate to 2.3% in October
Getty ImagesA rise in energy prices pushed UK inflation to its highest rate for six months, official figures show.The inflation rate, which measures price changes…
Trump, the 2028 Olympics and what it all means for L.A.
Good morning, and welcome to L.A. on the Record — our City Hall newsletter. It’s Dakota Smith with all the news.During his last term, President…