Latest in Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
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Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
Traders have ramped up their bets on the total number of BOE rate cuts in 2025 since January, as Europe diverges from the U.S.CNBC - 6h -
Republicans stare down massive deficits to extend Trump tax cuts
Caught between the debt and their tax base, Republicans are considering some novel ways to account for the cost of their legislative agenda as disagreements over budget cuts look set to hamstring ...The Hill - 6h -
Investors shouldn't be surprised by Trump's tariff hikes, Jim Cramer says
CNBC's Jim Cramer unpacked Monday's market action, saying investors shouldn't be so shocked by President Donald Trump's steep tariff hikes.CNBC - 1d -
Tariffs may have 'slammed shut' the window for interest rate cuts in 2025, economist says
Tariffs set to take effect Tuesday may mean consumers won’t get a reprieve from high borrowing costs this year, according to economists.NBC News - 1d -
Bank of England expected to cut rates again as UK economy stagnates
Quarter-point reduction forecast even as short-term inflation pressures are set to increaseFinancial Times - 2d -
To help pay for Trump tax cuts, new taxes on worker benefits become GOP target
The GOP Congress is looking at including employer-provided benefits like free transportation, food and gyms as taxable income as a way to pay for tax cuts.CNBC - 3d -
Top Fed officials comments highlight split on central bank about next interest-rate cuts
Bowman, Goolsbee differ on outlook for inflationMarketWatch - 4d -
European Central Bank Cuts Interest Rates as Economic Growth Stagnates
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.The New York Times - 5d -
European Central Bank cuts interest rates to support growth as eurozone economy stagnates - as it happened
Live coverage of business, economics and financial news as ECB cuts main interest rate by 0.25 percentage points in effort to support European economies. It was a flash reading on the Eurozone ...The Guardian - 6d -
European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a ...ABC News - 6d -
US central bankers resist Trump’s pressure to cut interest rates
Also in today’s newsletter, the White House’s U-turn on freezing federal fundingFinancial Times - 6d -
Dems launch group to hit Trump on tax cuts
Organizers say the nonprofit will be backed by an eight-figure funding campaign.Politico - 6d -
Trump bashes Fed after bank doesn't cut rates
President Trump ripped the Federal Reserve and the man he appointed to lead it Wednesday after the central bank kept interest rates steady. In a post on Truth Social, the president accused the Fed ...The Hill - 6d -
Trump’s Tariffs Scramble Fed’s Interest Rate Calculus
Economists predict that the Trump administration’s trade policies could push up prices for consumers, making it harder for Fed officials to cut rates.The New York Times - Jan. 29 -
European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
"The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar."CNBC - Jan. 29 -
FirstFT: Fed on collision course with Donald Trump over rate cuts
Also in today’s newsletter, OpenAI accuses DeepSeek of potential copyright breech and a new demography series beginsFinancial Times - Jan. 29 -
Fed set to repel Trump’s calls for deep rate cuts
Economists warn that political meddling in monetary policy ‘can often go very badly’Financial Times - Jan. 29 -
Millions 'face tax hike' and Trump set to visit UK
A number of Monday's front pages report on a call between Donald Trump and Sir Keir Starmer's.BBC News - Jan. 27 -
UK Budget fallout adds to Bank of England dilemma on interest rates
Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfortFinancial Times - Jan. 27 -
Rep. Don Bacon on Trump's proposed tax cuts, economic relief
On Wednesday, President Trump met with three House Republicans who kept their seats in districts that former Vice President Kamala Harris won. One of those lawmakers, Rep. Don Bacon of Nebraska, ...CBS News - Jan. 24 -
Paying for Trump's tax cuts could lead to big changes for taxpayers
Republican lawmakers are floating a range of ideas to pay for an extension of President Trump's Tax Cuts and Jobs Act.CBS News - Jan. 24 -
Trump piles pressure on Fed chair Jay Powell to cut interest rates
US central bank widely expected to hold borrowing costs steady at meeting next weekFinancial Times - Jan. 23 -
Trump: 'We have to get Democrats' to approve tax cuts
President Trump said Thursday he’s working with Democrats on extending and building off of his 2017 tax cuts — one of the top legislative priorities for Republicans, who are split on many of the ...The Hill - Jan. 23 -
What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.The New York Times - Jan. 23 -
Trump Plan to Swap Tariffs for Tax Cuts Faces Opposition in Congress
Tariffs only made up about 2 percent of annual revenue before.Inc. - Jan. 22 -
Bank of Japan is expected to hike rates this week, CNBC survey shows
Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.CNBC - Jan. 21 -
Trump threatens to double tax rates for foreign nationals and companies
President orders officials to draw up retaliatory measures against ‘extraterritorial’ taxesFinancial Times - Jan. 21 -
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.The New York Times - Jan. 17 -
Trump’s policies risk stoking inflation and preventing rate cuts, IMF warns
Taking drive for deregulation too far could push the US on to a ‘dangerous boom-bust path’, fund cautionsFinancial Times - Jan. 17 -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - Jan. 17 -
Bank of England delays new capital rules ahead of Trump presidency
Officials push back implementation of new Basel regime until 2027 as they await clarity on US approachFinancial Times - Jan. 17 -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - Jan. 16 -
These five Republicans are ready to derail Trump's tax cuts over the SALT cap
President-elect Donald Trump's signature tax cut bill could hinge on a House Republican fight over state and local tax deductions.CNBC - Jan. 16 -
UK economy's disappointing November growth fuels the case for Bank of England rate cut
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.CNBC - Jan. 16 -
Trump Discusses Tax Cuts for New Yorkers With G.O.P. Lawmakers
The president-elect told Republicans from New York, New Jersey and California to come up with a plan for increasing the state and local tax deduction — a move that would benefit their constituents.The New York Times - Jan. 12 -
Why Trump’s tariffs may bring worse-than-expected price hikes to consumer electronics
As CES winds down in Las Vegas, one cloud hanging over the desert not often mentioned in all the coverage of newly unveiled gadgets was a prediction by the show’s host of how much prices for ...MarketWatch - Jan. 11 -
This is what it could take for the Fed to hike interest rates
Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price indexMarketWatch - Jan. 11 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Tax Cuts or the Border? Republicans Wrestle Over Trump’s Priorities.
President-elect Donald J. Trump has waffled on his preferences for how his party tackles his agenda, adding to the uncertainty for Republicans.The New York Times - Jan. 9 -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - Jan. 8