U.K. Inflation Eases as BOE Readies for Rate Cuts
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BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Fed’s Waller needs ‘several more months’ of good inflation data before backing rate cut
“In the absence of a significant weakening in the labor market, I need to see several more months of good inflation data before I would be comfortable supporting an easing in the stance of monetary policy,” Waller said Tuesday.MarketWatch - Business -
U.K. Inflation to Settle Below 2% Target
Inflation in the U.K. could soon be “too low,” beneath Bank of England forecasts that expect it to rebound after a fall in April, Capital Economics’ chief U.K. economist Paul Dales says.The Wall Street Journal - World - United Kingdom -
Oil prices rise as crude inventories fall and U.S. inflation eases
West Texas Intermediate and Brent are flat for the week. The contracts have lost 4% and 5.8%, respectively, for the month.CNBC - Business -
The WSJ Dollar Index Falls 0.1% to 99.27
The WSJ Dollar Index was down 0.1% to 99.27 — and is down for five of the past seven trading days.The Wall Street Journal - World -
BoE governor predicts ‘quite a drop’ in UK inflation in April figure
Andrew Bailey also says the next move in interest rates by the central bank will be a cutFinancial Times - Business - United Kingdom -
War in Ukraine: military strategies
Key articles on Russia and Ukraine’s battle tacticsFinancial Times - World - Ukraine -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
Rates should be cut to 3.5% by end of 2025, IMF says
The international body upgrades its UK growth forecast and says rates could fall to 4.5% by the end of 2024.BBC News - Top stories -
Boeing supplier Spirit AeroSystems lays off workers, citing lower plane delivery rates
Spirit AeroSystems makes fuselages at the plant for Boeing's bestselling 737 Max plane, deliveries of which have slowed in the wake of a door panel blowout.CNBC - Business -
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The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
Britain's inflation rate could be about to drop below the Bank of England's 2% target
The headline inflation rate could be 'momentous,' but markets remain divided on the chance of a June cut and services will be the one to watch.CNBC - Business - United Kingdom -
Fed Governor Waller wants 'several months' of good inflation data before lowering rates
Fed Governor Christopher Waller said Tuesday that he does not think further interest rate increases will be necessary.CNBC - Business - Federal Reserve -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Treasury yields end lower for first time in four sessions amid dearth of U.S. data
Rates on U.S. government debt finished slightly lower in rangebound trading on Tuesday as investors eyed another batch of comments from Federal Reserve officials.MarketWatch - Business -
Is Your Company Ready for Interdependence?
Independence is great, but interdependence is what's really rewardingInc. - Business -
US readies more aid for Gaza
Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story US military anchors pier to Gaza beach Officials are expected to begin the delivery of around 500 tons of ...The Hill - Politics -
The Northern Lights Forecast in the U.K.
Sightings of the aurora borealis are unlikely in the U.K. this weekend, but the northern lights could return on Monday, forecasters said.The New York Times - World -
China's Youth Unemployment Eased in April
China’s youth unemployment rate declined in April, in what will likely be welcome news for Beijing as it steps up policy support for the economy.The Wall Street Journal - World - China -
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White House Considers Easing Sanctions on Israeli Billionaire
A deal to allow the Israeli billionaire Dan Gertler to cash out his mining positions in the Democratic Republic of Congo has enraged human rights activists and some government officials.The New York Times - Top stories - Israel -
Justice Department moves forward with easing restrictions on marijuana
The Justice Department officially proposed a new rule on Thursday that would reclassify marijuana as a Schedule III drug.CBS News - Top stories -
Microsoft's Partnership With Mistral AI Cleared by U.K. Regulator
The U.K. Competition and Markets Authority cleared Microsoft’s partnership with Mistral AI.The Wall Street Journal - World - Microsoft -
Microsoft's Partnership With Mistral AI Cleared by U.K. Regulator
The U.K. Competition and Markets Authority cleared Microsoft’s partnership with Mistral AI.The Wall Street Journal - Business - Microsoft -
2024, not 1994: Knicks, Pacers ready to make their own Game 7 history
The Knicks-Pacers series has evoked memories from the 1990s, but these players, most of whom weren't even alive for those battles, are ready to make their own history.ESPN - Sports -
DOJ Says Boeing Violated a Safety Agreement
The Justice Department informed Boeing that it could face criminal charges after failing to implement adequate corrective measures after two fatal disasters in 2018 and 2019.Inc. - Business -
Investing in Space: Boeing inches closer to Starliner launch
Boeing's Starliner spacecraft is finally at the pad and on the eve of carrying astronauts. It's a debut that is imminent, yet feels bizarrely inconsequential.CNBC - Business -
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds
The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.The Wall Street Journal - World -
Boeing Supplier Spirit AeroSystems to Lay Off Hundreds
The parts maker said it would cut 400-450 jobs in response to a slowdown in production at Boeing.The Wall Street Journal - Business -
Departing Boeing CEO Keeps His Board Seat
Shareholders defied a proxy advisor and kept Dave Calhoun on the board of the troubled plane maker, while unionized workers may get trained in whistleblower laws amid a slew of manufacturing safety issues.Inc. - Business -
How Spirit AeroSystems fits into Boeing's rebound plan
Boeing is in talks to buy back Spirit AeroSystems, one of the biggest aerostructure companies in the world.CNBC - Business