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The U.S. Federal Reserve is expected to hold interest rates steady on Wednesday as it awaits further inflation and jobs data and more clarity on the economic impact of President Donald Trump’s policies before deciding whether to cut borrowing costs again. CBC | World News
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U.S. Federal Reserve cuts interest rates by another quarter point
The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signalled that it expects to reduce rates next year more slowly than previously thought, with inflation still well above the central bank’s two per cent target. CBC | World News
Read More »Haunted UK island with secret tunnels, cannons and a wildlife reserve is up for sale
The historic and fortified island has planning permission for a 43-bed hotel on it but is being marketed as having many potential alternative uses, just five years after being bought for £6million. Daily Express :: Travel Feed
Read More »U.S. Federal Reserve holds interest rate, saying it will take ‘longer than expected’ to start cutting
The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning toward eventual reductions in borrowing costs, but that cuts could be delayed as recent inflation numbers have strayed further from its two per cent target. CBC | World News
Read More »Pubs, restaurants and hotels in ‘perilous state’ as one in four lack a cash reserve
A trade group says the hospitality industry needs “urgent support” Daily Express :: News Feed
Read More »Nature reserve is brought back to life…thanks to Daily Express readers
A nature reserve is transforming into a haven for wildlife thanks to generous Daily Express readers. Daily Express :: News Feed
Read More »U.S. Federal Reserve cuts benchmark interest rate by half-point to offset coronavirus impact
In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizeable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus. CBC | World News
Read More »Jack Wilson, Hero Reserve Deputy In Texas Releases Statement: ‘I Had To Take Out An Active Shooter In Church’
Jack Wilson, the volunteer security member, former reserve deputy sheriff, and firearms instructor who killed the gunman that opened fire in a Texas church Sunday, released a statement about his actions on Facebook and thanked those who have sent him prayers, CNN reports. “The events at West Freeway Church of Christ put me in a position that I would hope ...
Read More »Pound US Dollar exchange rate: GBP/USD rises as US Federal Reserve slashes interest rates
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 ...
Read More »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
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