Morgan Stanley Expects 3 Interest Rate Cuts This Year
Morgan Stanley said Friday it expects the U.S. Federal Reserve to cut interest rates in all three of its meetings this year, after data showed U.S. consumer prices increased by the most in seven months in August.
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UK economy stalls in July, as slowdown sets in
Economists expect a slowdown to take hold of the U.K. in the latter half of 2025.
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Lutnick to Newsmax: Trump Economy About to Explode
President Donald Trump's economy is about to deliver explosive growth, despite jobs numbers in August coming in lower than expected, Commerce Secretary Howard Lutnick predicted in an extensive interview with Newsmax on Thursday.
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US August Deficit Falls to $345B as Tariff Revenues Rise
The U.S. budget deficit for August fell $35 billion or 9% from a year earlier to $345 billion as President Donald Trump's tariffs pushed net customs receipts up by about $22.5 billion for the month, the Treasury Department said Thursday.
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Treasury Secretary Bessent met this week with Warsh, Lindsey and Bullard as Fed chief search continues
The search for the next Federal Reserve chair is continuing, with Bessent taking point in meeting with several candidates.
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Trump's tariffs are slowly finding their way into consumer prices
A key Bureau of Labor Statistics inflation report showed price increases for a variety of tariff-sensitive items.
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