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Sterling plunges 1% against dollar after Bank of England governor’s comments on rate policy

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Andrew Bailey, Governor of the Bank of England, gestures as he addresses the media during a press conference at the Bank of England in...
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Israel retaliation may target Iran oil infrastructure, boosting prices further, Wall Street analysts say

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The Iranian flag above the new Phase 3 facility at the Persian Gulf Star gas condensate refinery in Bandar Abbas, Iran, in 2019.Ali Mohammadi...
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Key Fed inflation gauge at 2.2% in August, lower than expected

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Inflation moved closer to the Federal Reserve's target in August, easing the way for future interest rate cuts, the Commerce Department reported Friday.The personal...
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Stocks rise as Wall Street heads for a winning week: Live updates

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Traders work on the floor of the New York Stock Exchange.NYSEStocks rose Friday as traders digested new data that pointed to further progress in...
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Justice Department accuses Visa of debit network monopoly that impacts price of ‘nearly everything’

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Justin Sullivan | etty ImagesThe U.S. Justice Department on Tuesday sued Visa, the world's biggest payments network, saying it propped up an illegal monopoly...
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September consumer confidence falls the most in three years

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Consumers' view on the economy tumbled in September, falling by the largest level in more than three years as fears grew about jobs and...
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Mainland China stocks notch best day in four years, soar over 4% on PBOC policy easing

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Buildings in Pudong's Lujiazui Financial District in Shanghai, China, on Monday, Jan. 29, 2024. Bloomberg | Bloomberg | Getty ImagesMainland China's CSI 300 clocked its...
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Boeing sweetens labor proposal in ‘best and final’ offer as strike enters second week

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Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty ImagesBoeing on...
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Bank of England presses pause on rate cuts, highlights ‘gradual approach’

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Commuters cycles past the Bank of England (BOE), left, in the City of London, UK, on Monday, Sept. 16, 2024. The central bank's Monetary...
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Fed meeting recap: Chair Jerome Powell defends central bank’s decision to go big with first cut

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Risk of downturn not heightened following rate decision, Powell saysFederal Reserve Chair Jerome Powell does not see the risk of an economic downturn being...
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Stocks are little changed as traders debate how big the Fed’s anticipated rate cut will be: Live updates

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Oil market has likely priced in Fed rate cut: 'We are not expecting fireworks'Oil prices are down nearly 1% with an expected interest rate...
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Fed to cut rates by a quarter point with a soft landing expected, according to CNBC Fed Survey

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Federal Reserve Chairman Jerome Powell.Andrew Harnik | Getty ImagesWith considerable uncertainty about what the Federal Reserve will do at its meeting this week, respondents...
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