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The U.S. dollar hovered near a three-month peak on Monday as investors awaited critical U.S. economic releases. These data points are seen as decisive for the Federal Reserve’s next move on interest rates. Markets have scaled back expectations for a December rate cut following a recent 25-basis-point reduction and hawkish commentary from the Fed. Currency…
Jeffrey Schmid, president of the Federal Reserve Bank of Kansas City, voiced concern on Friday that inflation remains too high even though the U.S. economy still shows strength. He was one of two Fed officials who openly dissented from the central bank’s recent interest-rate cut. Schmid said he doubts that a 25 basis-point cut in…
he current economic landscape is marked by a stark division: huge investment in Artificial Intelligence (AI) is giving the economy a major boost, yet most small and medium businesses are still stuck in “survival mode.” The AI Engine Massive spending by tech giants and major corporations on AI infrastructure, tools, and talent is driving a…
According to a report in the Telegraph, the UK government is preparing to announce a major change for savers in the upcoming November Budget. The government plans to cut the amount of interest people can earn tax-free from their cash savings. What is Being Cut? The cut will target the Personal Savings Allowance (PSA). The…
The UK bank NatWest has delivered excellent news to the market, announcing a sharp rise in profits for the third quarter (Q3). The bank reported that its Q3 profits jumped by 30% compared to the same period last year. Following this strong performance, NatWest has also upgraded its full-year guidance. This means the bank expects…
