(Bloomberg) -- The Federal Reserve kicked off its campaign to lower interest rates with a larger-than-typical half percentage-point cut, while the Bank of...
-- The Federal Reserve kicked off its campaign to lower interest rates with a larger-than-typical half percentage-point cut, while the Bank of England decided against a second consecutive reduction.Belfast’s Grand Central Station Creates New Era for Northern Ireland’s Public TransportThe Fed’s rate cut, which was larger than forecasters had generally anticipated, is Chair Jerome Powell’s attempt at ensuring a soft landing for the economy.
In the US, an average family of four will spend more annually on child care than they do on housing. Both presidential candidates have put forward specific policy proposals to address housing affordability. But neither Kamala Harris nor Donald Trump have detailed how they would reduce costs for parents who are now in many cases spending $33,000 a year for two kids in day care.Donald Trump has promised to use sweeping new tariffs to fund everything from tax cuts to child care.
China’s broad budget expenditure shrank at a faster clip amid an unprecedented drop in income earned by local governments from land sales, an alarming sign for an economy desperately in need of fiscal support. A cup of coffee is set to get even pricier as persistent supply disruptions push costs for premium arabica beans to the highest in 13 years. The most-active contract eased later in the week as forecasts signaled rain in parts of top producer Brazil, which has faced persistently hot and dry weather.
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