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The Fed’s 50 Basis Point Cut Was a Mistake Driven by Political Pressure

Fed Rate Cuts: A Premature Mistake Caused by Politics The Fed's 50 basis point interest rate cut in September was not only premature; driven by political pressure. Last Friday's employment statistics revealed a misjudgment. 254,000 new jobs, unemployment rate down to 4.1%Rather than stagnate, the labor market is growing stronger. Wages rose 4% from a […]

Federal Reserve governor explains dissent from 50 basis point rate cut

Brian Jacobson, chief economist at Annex Wealth Management, talks to “Making Money” about immigration's impact on the U.S. economy. Federal Reserve Governor Michelle Bowman On Friday, it released a statement explaining its decision to go against the central bank's decision to cut interest rates by 50 basis points. The Federal Open Market Committee (FOMC), the […]

Reserve Bank of New Zealand cuts cash rate by 25 basis points – CNBC

A security guard stands at the main entrance of the Reserve Bank of New Zealand in downtown Wellington, New Zealand on July 3, 2017. David Gray | Reuters The Reserve Bank of New Zealand cut its benchmark interest rate by 25 basis points to 5.25% on Wednesday. The move surprised economists polled by Reuters, who […]

David Cameron to set out UK basis for continuing arms sales to Israel | Foreign policy

Prime Minister David Cameron will explain on Tuesday why Britain continues to export arms to Israel, as ministers face continued pressure to disclose official legal advice on the trade. The Foreign Secretary will discuss the Middle East crisis with US Foreign Secretary Antony Blinken during his visit to Washington, where he will also provide an […]