fromLondon Business News | Londonlovesbusiness.com
4 days agoUK government in full re-shuffle and kite-flying mode
At its annual jamboree at Jackson Hole, Chair Powell signalled his apparent support for a rate cut later this month, stating that the softening labour market could offset the inflation risks from Trump's tariffs. The market had already been anticipating a 0.25% cut on 17 September but this cemented expectations and last week's crop of US data did little to change things.
US politics