Kathy Bostjancic, chief economist at Nationwide, said the Fed would cut rates by a cumulative 75 basis points by the end of the year. "Powell has taken a significantly more dovish tone and left the door wide open for a September cut, arguing that downside risks to employment are rising significantly," she said. "This supports our assessment of a 25 basis point cut next month, and we continue to expect a cumulative 75 basis point cut by the end of the year as the labour market weakens further and...
The opposition coalition led by Merz has won the German parliamentary election, the left-wing camp led by Chancellor Scholz has been defeated, and the far-right has risen like never before. Click to view...
Musk said on social media that tonight was a clear victory for Meme.