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From politico.com|5 hr ago|1 commentFederal Reserve officials on Wednesday gave the clearest signal yet that they expect to be able to beat inflation without causing a recession. But Chair Jerome Powell delivered a warning that new risks including surging oil prices — which he called “a significant thing” — and the autoworkers’ strike could upend the forecasts. The central bank held interest ...
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From bankofengland.co.uk|1 hr 35 min ago|9 commentsThe Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 20 September 2023, the MPC voted by a majority of 5–4 to maintain Bank Rate at 5.25%. Four members preferred to increase Bank Rate by 0.25 percentage points, to 5.5%. ...
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