Category: Cut
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Guggenheim expects Fed to cut rates about every quarter in 2025
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Written by Divya Choudhary and Pansari Mayur Kamdar DAVOS, Switzerland (Reuters) – The Federal Reserve is likely to cut interest rates approximately every quarter in 2025, with the cut reaching around 75 basis points or even A full percentage this year. The Fed will continue to cut, albeit on a…
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Make tax-savvy new year’s resolutions to cut stress and save money
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Taxpayers are expected to save money and headaches in 2025 by committing to better tax practices next year, according to leading audit, tax and business consulting firm Blick Rothenberg. “Most people make personal decisions about health and lifestyle, but your financial health is just as important – and being on…
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New interchange to cut journey time to Ben Gurion airport
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The new interchange will contain three bridges linking it to Road No. 1 and an entrance to the airport with nine lanes for security screening of cars. Government ministries approved a budget of hundreds of millions of shekels for the construction of the Ben Gurion Airport West Interchange on the…
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BoI governor sees interest rate cut only in second half
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Following yesterday’s decision by the Bank of Israel’s Monetary Committee to leave the bank’s key interest rate unchanged at 4.5%, Bank of Israel Governor Amir Yaron explains the economic path that the State of Israel is currently following. “Last year was full of challenges. The Israeli economy usually grows at…
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Bitcoin Holds Strong Amid Equity Turmoil Over Fed’s 2025 Rate Cut Outlook: Report
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After the Federal Open Market Committee (FOMC) meeting on December 18, global stock market indices saw a slight decline. However, Bitcoin (BTC) has remained steady, trading in the mid-$90,000 range at the time of writing. Bitcoin is flat amid speculation of slower interest rate cuts After more than a year…
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Federal Reserve’s hawkish rate cut a signal for investors
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Breadcrumb links Investor Martin Pelletier: We must all become experts on monetary policy, as our investment portfolios depend on it Posted on December 30, 2024 • Last updated 25 minutes ago • 3 minutes read You can save this article by registering for free here. Or log in if you…
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Asian Stocks Rise as US Data Stoke Rate Cut Bets
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Breadcrumb links BMN Business Asian shares rose after the Federal Reserve’s preferred measure of inflation came in below expectations, reigniting bets on an interest rate cut. The dollar stabilized. Article writer: Published on December 22, 2024 • Last updated 29 minutes ago • 3 minutes read You can save this…
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Fed to Cut Once More Before Slowing Pace in 2025, Economists Say
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Breadcrumb links BMN Business Federal Reserve officials will cut interest rates this month for the third straight time and will scale back the number of rate cuts they expect next year, according to economists surveyed by Bloomberg News. Article writer: Bloomberg News Katarina Saraiva and Dana Morgan Posted on December…
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ECB, Swiss set to cut, but by how much?
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A look at the day ahead in European and global markets from Kevin Buckland The big two weeks for global central banks come with policy decisions from two of the biggest banks on Thursday: the European Central Bank and the Swiss National Bank. Interest rate cuts by both are not…
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Treasuries Rally as Mixed Jobs Data Fuels December Fed Cut Bets
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Breadcrumb links BMN Business US Treasuries rose and traders boosted their bets on a Fed rate cut this month after a mixed November employment report. Article writer: Bloomberg News Michael Mackenzie and Edward Bolingbroke Published on December 6, 2024 • 3 minute read You can save this article by registering…
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BoI governor: No immediate interest rate cut
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Bank of Israel Governor Amir Yaron indicated last night that it is still too early to talk about cutting interest rates in Israel. Speaking with Globes editor-in-chief Naama Sekuler on the opening evening of the Globes Israel Business Conference, Yaron estimated that the inflation rate would rise in the near…
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Dow, S&P 500, Nasdaq trade mixed as inflation print keeps Fed rate cut on track
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US stocks were mixed in early trading on Wednesday, as investors weighed new consumer inflation data that looked set to keep the Federal Reserve on track to cut interest rates again next month. The Dow Jones Industrial Average (^DJI) rose about 0.1%, after falling sharply after stocks closed lower across…
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UN climate talks to focus on money to help poor nations cut carbon pollution
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Breadcrumb links PMN BMN Business Article writer: Associated Press Seth Bornstein Posted on November 11, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content BAKU, Azerbaijan (AP) — An elaborate two-week international poker game…
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FOMC Cut Rates by 0.25% As Expected in November Decision
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The Fed cut its benchmark interest rate by 25 basis points to a target range of 4.50-4.75% at its November meeting, noting that inflation had “made progress” toward its goals. FOMC policy details: The target federal funds rate was lowered by 0.25% to a range of 4.50-4.75%. Adjusting the interest…
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More than 1,000 UK employees trial four-day working week without pay cut
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Seventeen British companies, including Crate Brewery in Hackney and the British Society for Immunology, are launching a six-month trial of the four-day working week with more than 1,000 employees taking part. The trial, organized by the 4 Day Week campaign, allows workers to maintain full pay while working just four…
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Federal Reserve is set to cut rates again while facing a hazy post-election outlook
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Breadcrumb links PMN BMN Business Article writer: Associated Press Christopher Rugaber Published on November 3, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – Federal Reserve Chairman Jerome Powell speaks during a news conference…
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Family businesses face new inheritance tax burden as relief cut to 50%
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In a major shift affecting family-owned businesses, the Chancellor of the Exchequer has announced that the Business Property Relief (BPR) will be reduced to 50% from April 2026, exposing thousands of family businesses to inheritance tax for the first time in decades. Although business assets were previously exempt, they will…
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Treasury eyes automation, fleet tracking in fuel cost cut push
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Government-owned vehicles will only be refueled using automated tag systems and will remain monitored through digital tracking devices in changes proposed by National Treasury aimed at reducing operating costs. The proposal will see the centralization and automation of fuel programs for all government fleets to reduce waste. “By tracking and…
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One-third of UK businesses urge government to cut Brexit red tape
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Nearly a third of UK businesses are urging the government to reduce regulation and red tape after Brexit to support British trade, according to a survey by Santander Bank. The survey reveals that although there is a growing sense of optimism among SMEs, many are calling for action to ease…