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Thursday, November 29, 2018

Fed's Powell, in apparent dovish shift, says rates near neutral

U.S. Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank's policy rate is now "just below" estimates of a level that neither brakes nor boosts a healthy U.S. economy, comments that many investors read as signaling the Fed's three-year tightening cycle is drawing to a close.


from Reuters: Business News https://ift.tt/2KDNVO5

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Faisal Islam: Benefits changes mean a million people will be thousands of pounds worse off

These plans are more geared towards making budgetary numbers add up than fundamental welfare reform. from BBC News https://ift.tt/KvsI9qx ...