Half-a-million UK firms 'financially distressed' and thousands face insolvency as they 'pin hopes' on rate cuts
by @cityam
@cityam— Nearly half a million UK businesses continue to face 'financial distress,' new research finds, with tens of thousands facing the possibility of insolvency within the next 12 months.
Raw Story—Fed to meet amid dwindling hopes of summer rate cuts. The Fed's decision to hike interest rates and then hold them at a 23-year high has helped to significantly lower elevated inflation, although it remains stuck firmly above the US central bank's long-term target of two percent.Since the start of this year, the Fed's favored inflation measure has actually accelerated, hitting an annual rate of 2.7 percent in March, while economic growth has slowed, and the labor market has remained robust.The current environment, analysts say, is likely to lead...
Honolulu Star-Advertiser—Dollar weaker on Fed rate cut hopes, yen retreats after strong week. NEW YORK >> The dollar fell against most currencies today for a fourth straight session as recent labor market data and comments from Federal Reserve officials buoyed rate-cut hopes, but the greenback strengthened against the yen after last week’s suspected interventions.
The Independent—Bank of England not yet ready to cut UK interest rates, experts say. Economists expect the rate to remain at 5.25 per cent