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GBP/USD edges higher to near 1.2700 ahead of UK CPI inflation data – FXStreet

GBP/USD rose as expectations for further interest rate cuts this year by the Bank of England faded. UK CPI inflation is expected to rise 2.2% year-on-year in October and 0.5% month-on-month. The dollar could strengthen as traders look forward to pro-inflationary policies from the incoming Trump administration. GBP/USD continues to rise for the third consecutive […]

Trump builds team, DOGE starts hiring, bitcoin blasts higher

Rick Rieder, BlackRock Global Fixed Income CIO, evaluates President-elect Trump's economic strategy and shares his market outlook on Barron's Roundtable. This special edition of the FOX Business Rundown newsletter covers the week's biggest stories coming out of the election. – President-elect Trump builds team – Energy, DOGE and Health are selected – Treasurer in limbo […]

Post-Election Democrats Freak Out Over Inflation, Expect Higher Interest Rates

A poll by YouGov found that Democrats are suddenly more concerned about inflation, with many expecting interest rates to rise over the next six months. economist. The poll, conducted Nov. 9-12, found that a majority of Democrats think inflation will be higher six months from now, with 23% expecting it to be at the same […]

US inflation rose 2.6% in October — higher than a month earlier

U.S. inflation accelerated in October from the pace set a month earlier, raising questions about whether the Federal Reserve will continue to cut interest rates by the end of the year. The consumer price index rose 2.6% last month from a year earlier, higher than September's 2.4% rise but in line with expectations, the Labor […]

Excessive drinking inches higher after pandemic increase: Research

Binge drinking continued to rise in 2022 after increasing during the worst of the coronavirus pandemic, according to new research published Tuesday. the study, published The Annual Report of Internal Medicine found that heavy alcohol consumption increased by 20 percent from 2018 to 2020, followed by an additional 4 percent increase from 2020 to 2022. […]

Blue state drivers brace for higher prices at the pump over tighter climate standards

California drivers could soon see higher gas prices after state regulators approved stricter standards to curb climate-induced emissions. The California Air Resources Board (CARB) is made up of commissioners appointed by Governor Gavin Newsom and the Democratic-controlled Legislature. Voted to update on Friday Golden State Low Carbon Fuel Standard (LCFS). The update aims to increase […]