Gold Prices Surge to One-Month High Amid Renewed Hopes of Rate Cuts – Emirates 24|7
Gold prices firmed on Thursday after hitting a one-month high, helped by softer US inflation data that reignited hopes for interest rate cuts. However, a ceasefire agreement between Israel and Hamas limited further gains. Market highlights: Spot gold: After reaching its highest since Dec. 12 in early trading, it was stable at $2,696.30 […]
December Inflation clouds Fed’s outlook on interest rate cuts
Gasoline prices were the main contributor to the rise in inflation in December. (iStock) According to the Consumer Price Index (CPI), the annual inflation rate rose to 2.9% in December, slightly higher than the previous month's annual inflation rate of 2.7%. Published by the Bureau of Labor Statistics (BLS). The inflation rate in December rose […]
Olive Branch to Trump? Mexico Cuts Chinese Imports, Puts Tariffs on Shein and Temu
Mexican President Claudia Sheinbaum on Monday unveiled an economic plan apparently designed to avoid U.S. President-elect Donald Trump's threatened tariffs by cutting imports from China. He also emphasized that the USMCA trade agreement between the United States, Mexico and Canada is the best way to deal with competition from China. playing cards said During the […]
US inflation ticks up again — dimming prospects for significant Fed cuts this year
U.S. consumer prices showed no signs of cooling in December on the back of rising prices for energy products, indicating that inflation remains high, a sign that the Federal Reserve expects fewer interest rate cuts this year. This is consistent with the Board's outlook. The Consumer Price Index rose 0.4% last month, after rising 0.3% […]
Equity urges Bristol city council to drop cuts to arts and culture budget | Bristol
The country's largest performing arts and entertainment union has called on Bristol City Council to scrap plans that would cut hundreds of thousands of pounds from the arts and culture budget, including the closure of a number of museums. shareholder wrote on The city council has warned that the cuts will cause significant damage to […]
House GOP tax writers call for cuts 'as soon as possible'
Republican tax leaders on Tuesday ramped up pressure on members of other parties to pass tax cuts as a top priority in Congress. “We need to make the Trump tax cuts permanent as soon as possible,” Rep. Jason Smith (R-Missouri), chairman of the Ways and Means Committee, said during the committee's first hearing in the […]
The Era of Fed Cuts Is Over
The Fed has been wrong about the economy for years. federal reserve The rate cut cycle is very likely to end–However, it may take months for Fed officials to understand this. The last time the Fed raised the overnight rate was a long time ago, in July 2023. Increased federal funds target from 5.25% to […]
Koch-backed group unveils $20M campaign highlighting Trump tax cuts
Americans for Prosperity (AFP), a conservative political action committee backed by Charles Koch, has launched a $20 million advertising blitz to support President-elect Trump's Tax Cuts and Jobs Act (TCJA). announced that it would start. According to AFP news agency in a statement On Monday, the administration announced in a nationwide advertising campaign that President […]
Futures slide as investors bet on no Fed rate cuts in 2025; yields climb – Yahoo Finance
(Reuters) – U.S. stock index futures on Monday as yields soared on expectations that the Federal Reserve will remain hawkish through much of 2025 after last week's solid jobs report. fell. As of 5:44 a.m. ET, the Dow E-mini was down 133 points, or 0.32%, the S&P 500 E-mini was down 46.25 points, or 0.79%, […]
Major push to protect, renew Trump tax cuts launched by powerful conservative group
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