AOL Web Search

The Bank of England faces a particularly stubborn inflation problem that may stop it from cutting interest rates as sharply as peers next year, investors have warned, as the central bank prepares ...

Give the Gift of Local News AND Get a Subscription for Yourself! Bogo 1 Year, Just $20! GO NOW. Offer available to new subscribers only. Plus tax where applicable, see payment page for details. 22°.

(Bloomberg) -- Microsoft Corp. is teaming up with labor unions to create “an open dialogue” on how artificial intelligence will impact workers. Most Read from BloombergAbu Dhabi Is the World’s Newest Wealth Haven for BillionairesIndia Court Upholds Modi’s Move to Scrap Kashmir’s AutonomyBitcoin’s 2023 Rally Frays During Brief 7.5% Drop Toward $40,000Jack Ma’s Biggest E-Commerce ...

“Second, a quicker move to rate cuts elsewhere will make the Bank of England less of a dovish outlier.” Swaps markets back Goldman’s view. Investors are pricing about 110 basis points of easing by the Federal Reserve and 134 basis point of cuts by the European Central Bank next year as inflation cools and growth falters.