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Bank of England set to cut rates amid jobs market jitters
There’s almost no doubt that the Bank of England will cut rates down to 4% (from 4.25% currently) at its 7 August meeting. But that seemingly cautious action, which will continue a well-established pattern of quarterly rate cuts, masks stark divisions among policymakers on what to do next. A three-way divide looks highly likely, with some officials voting for no change, a 25bp move and a more aggressive 50bp cut. The question looming over this meeting is whether a more worrisome deterioration in the jobs market is imminent. Slack is undoubtedly building. Payrolled employee numbers have fallen in seven out of the ... (full story)
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From @DeItaone|Aug 1, 2025|9 comments*FED WILLIAMS: LABOR MARKET STILL SOLID IN MY VIEW, WILL GO INTO SEPTEMBER MEETING WITH AN "OPEN MIND" *FED WILLIAMS: SEES TAILIWINDS & ECONOMIC GROWTH DEVELOPING IN 2026
From youtube.com/cnbctelevision|Aug 1, 2025On today's episode of CNBC Crypto World, major cryptocurrencies slide after President Trump unveiled his modified “reciprocal” tariffs on dozens of countries. Plus, Coinbase ...
From @realDonaldTrump|Aug 1, 2025|20 comments
“Too Late” Powell should resign, just like Adriana Kugler, a Biden Appointee, resigned. She knew he was doing the wrong thing on Interest Rates. He should resign, also!
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