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The pound rose against the US dollar today after the US Federal Reserve cut rates for the third time this year, leaving the pairing trading around $ 1.292. The US Federal Reserve lowered its policy rate by 25 basis points on Wednesday. With no explicit signal from the bank that it’s done with easing, the statement was seen as less ...
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Trump nominates Jerome Powell to be Yellen’s replacement at Federal Reserve
President Donald Trump has selected Federal Reserve board member Jerome Powell as the next chairman of the U.S. central bank, succeeding Janet Yellen. CBC | World News
Read More »Donald Trump and Republicans REJECT Janet Yellen as Head of the Federal Reserve
PRESIDENT Donald Trump has ruled out current Chair of the Federal Reserve Janet Yellen from serving another term, according to US media. Daily Express :: City and Business Feed
Read More »U.S. Senate passes $36.5B disaster aid bill to replenish federal agencies
The U.S. Senate has passed a $ 36.5-billion emergency aid measure to refill disaster accounts, provide a much-needed cash infusion to Puerto Rico and bail out the federal flood insurance program. CBC | World News
Read More »U.S. white families 10 times wealthier than black families, Federal Reserve finds
While most American families grew richer between 2013 and 2016, the wealthiest households pulled even further ahead, worsening the nation’s massive disparities in wealth and income. Median wealth for white families was $ 171,000, 10 times that for blacks and roughly eight times that for Latinos. CBC | World News
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