Category: rate
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Israel has second highest poverty rate in OECD
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In Israel in 2023, there were 1.98 million Israelis living below the poverty line, as defined by the National Insurance Institute, according to the OECD’s Poverty and Social Gaps Index published today. The poverty rate in Israel decreased very slightly from 20.8% in 2022 to 20.7% in 2023. Relative poverty…
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UK inflation rises to 2.6% as interest rate decision looms
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New data from the Office for National Statistics (ONS) has revealed that UK inflation rose to 2.6% in November, exceeding the Bank of England’s forecast of 2.4% and 2.3% recorded in October. The surprise jump marks the second straight monthly increase, pushing the headline figure above the central bank’s target…
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Dow, S&P 500, Nasdaq clobbered as Fed, Powell signal fewer rate cuts in 2025
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Stocks were clobbered Wednesday after the Federal Reserve, despite slashing interest rates by 25 basis points, signaled it would cut fewer times next year than previously projected. All three major reversed gains following the decision to end with steep losses. The Dow Jones Industrial Average (^DJI) was down about 2.6%,…
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Bitcoin Hits $106K ATH Amid US Interest Rate Changes
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Bitcoin rose past $106,000 ATH late last night, tracking a 50% price rise since the US election result due to Donald Trump’s support for cryptocurrencies. Its rise also comes after expectations of upcoming changes in interest rates by the Federal Reserve (Fed), and perhaps a Cut interest rates by 25…
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Pound hits 20-month high against Euro as ECB rate cuts loom
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The pound rose to its highest level against the euro in almost two years on Tuesday, rising 0.3 percent to €1.21. The pound’s rise comes amid growing expectations that the European Central Bank will cut interest rates further this week, as Europe’s largest economies struggle for momentum. The European Central…
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The 24 Hours of Rate Cuts That End Year of Global Central-Bank Easing
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Breadcrumb Trail Links PMN Business A year when inflation subsided enough for monetary policy easing to start in most advanced economies is about to conclude with a 24-hour flurry of decisions led by the Federal Reserve. Author of the article: Bloomberg News Craig Stirling Published Dec 14, 2024 • 7…
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S&P 500, Nasdaq edge lower with rate cuts, inflation data in focus
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President-elect Donald Trump rang the opening bell Thursday morning as technology stocks fell after new inflation data cast doubt on investors’ confidence in the future path of interest rates. The Dow Jones Industrial Average (^DJI) embraced the flat line, while the S&P 500 (^GSPC) fell about 0.2%. The Nasdaq Composite…
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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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Bank of Israel keeps rate at 4.5%
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The Bank of Israel Monetary Committee announced that it kept the interest rate unchanged at 4.5%, as expected. This is the seventh time in a row that the Bank of Israel has left the interest rate unchanged, after reducing it from 4.75% in January. The Bank of Israel said: “Given…
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Bailey warns employer tax hikes may delay interest rate cuts
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Bank of England Governor Andrew Bailey has warned that the recent increase in employers’ National Insurance contributions could create uncertainty about future interest rate cuts. Addressing MPs on the Treasury Select Committee, Bailey noted that although inflation had fallen faster than expected – prompting the Monetary Policy Committee (MPC) to…
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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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Bitcoin Hash Ribbons Indicator: Miners Show Unwavering Optimism as Hash Rate Hits New Highs
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Bitcoin miners are sending a clear message: they are more optimistic than ever. As we observe all-time highs in the Bitcoin network hash rate, the commitment of miners underscores their confidence in the asset’s long-term potential. Follow Bitcoin Magazine Pro on X.com to get daily Bitcoin charts. Tick bars indicator…
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Bitcoin Hash Ribbons Indicator: Miners Show Unwavering Optimism as Hash Rate Hits New Highs
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Bitcoin miners are sending a clear message: they are more optimistic than ever. As we observe all-time highs in the Bitcoin network hash rate, the commitment of miners underscores their confidence in the asset’s long-term potential. Follow Bitcoin Magazine Pro on X.com to get daily Bitcoin charts. Tick bars indicator…
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Bitcoin Hash Ribbons Indicator: Miners Show Unwavering Optimism as Hash Rate Hits New Highs
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Bitcoin miners are sending a clear message: they are more optimistic than ever. As we observe all-time highs in the Bitcoin network hash rate, the commitment of miners underscores their confidence in the asset’s long-term potential. Follow Bitcoin Magazine Pro on X.com to get daily Bitcoin charts. Tick bars indicator…
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Bitcoin Hash Ribbons Indicator: Miners Show Unwavering Optimism as Hash Rate Hits New Highs
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Bitcoin miners are sending a clear message: they are more optimistic than ever. As we observe all-time highs in the Bitcoin network hash rate, the commitment of miners underscores their confidence in the asset’s long-term potential. Follow Bitcoin Magazine Pro on X.com to get daily Bitcoin charts. Tick bars indicator…
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Fed rate cuts outlook: stronger economy means less easing
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Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he and his colleagues cut interest rates earlier this week, Kashkari noted that it…
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Fed rate cuts outlook: stronger economy means less easing
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Minneapolis Federal Reserve Bank President Neel Kashkari said that the strong economy and high productivity growth may prompt the US central bank to cut interest rates less than previously expected. In his first public comments since he and his colleagues cut interest rates earlier this week, Kashkari noted that it…
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Cardano Skyrockets Over 40% – Funding Rate Suggests Further Upside
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This article is also available in Spanish. Cardano (ADA) made an important move, surpassing the long-term resistance of $0.40 and hitting the key supply level at $0.45 after an impressive 42% rally over the past few days. This breakthrough sparks new optimism among investors who have been waiting for ADA…
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Bitcoin Hits $76,000 All-Time High As Market Reacts To Fed’s Interest Rate Cuts
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Bitcoin (BTC), the leading cryptocurrency by market capitalization, rose to a new all-time high of $76,800, supported by the recent US decision. Presidential elections Which saw Donald Trump get another term in the White House and a more accommodating monetary policy from the US Federal Reserve. Interest rate cuts for…