Bank of England official urges swift rate cut amid economic slowdown signs
Investing.com — Alan Taylor, the most recent appointee to the Bank of England’s (BoE) interest rate-setting body, has called for a swift reduction in interest rates in response to indications of an economic slowdown in Britain, according to Reuters, citing
Bank of England’s Taylor says it’s time to cut interest rates
By Andy Bruce LEEDS, England (Reuters) -The Bank of England should move quickly to bring down interest rates given signs of a slowdown in Britain’s economy, Alan Taylor, the BoE’s most recently appointed interest rate setter, said on Wednesday. Taylor, an economics
Hedge funds increased bearish bets ahead of Friday’s blowout US jobs report, banks say
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds added more bets against U.S. stocks over the last week through Jan 9, ahead of a blowout U.S. jobs report that sparked a sell-off on Wall Street, Morgan Stanley
Yellen defends COVID spending, says it saved millions from losing jobs
By Andrea Shalal WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday will defend the Biden administration’s response to the COVID pandemic, arguing that its stimulus spending and other policies led to robust growth and averted millions of job losses. In
Fed’s Williams says policy data dependent in very uncertain environment
By Michael S. Derby HARTFORD, Connecticut (Reuters) – Federal Reserve Bank of New York President John Williams said Wednesday that future monetary policy actions will be driven by economic data as the central bank confronts a high level of uncertainty in