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Strong US growth looks set to boost Federal Reserve officials’ belief that they can afford to take their time on cutting rates, as they prepare to meet on Wednesday. The Federal Open Market Committee will almost certainly vote to leave benchmark interest rates unchanged at a 23-year high of 5.25-5.5 per cent, after a lengthy […]
Egypt’s black market exchange rate for the US dollar reached a record high of 53 Egyptian pounds amid calls for the cash-strapped North African country to devalue its currency. The latest rise in the black market price of the US dollar is due to a worsening in recent weeks of an FX crunch that has […]
Most stock markets in the Gulf ended higher on Tuesday as cooling U.S. inflation supported the view that the Federal Reserve could cut borrowing costs next year. The market expectations grew after U.S. data released on Friday showed that by some key measures inflation was now at or below the central bank’s 2% target. Monetary […]
By Florence Tan SINGAPORE (Reuters) – Oil prices were little changed on Tuesday as investors focused on geopolitical tensions in the Middle East and optimism the U.S. Federal Reserve would soon start cutting interest rates, lifting global economic growth and fuel demand. Brent crude futures fell 26 cents, or 0.3%, to $79.13 a barrel by […]
Stay informed with free updates Simply sign up to the US interest rates myFT Digest — delivered directly to your inbox. Federal Reserve chair Jay Powell faces a tough balancing act this week to maintain flexibility in the US central bank’s policy plans in the face of intense pressure to reveal when and by how […]
In 2022, 15.6 percent of Black families with a single father were living below the poverty line in the United States. Poverty is the state of one who lacks a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, […]
In 2022, 14.3 percent of Black families were living below the poverty line in the United States. Poverty is the state of one who lacks a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, […]
In 2022, 5.6 percent of Black married-couple families were living below the poverty line in the United States. Poverty is the state of one who lacks a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, […]
In 2022, the unemployment rate of African Americans in the United States stood at 6.1 percent. This was over the national average of 3.6 percent. The high rate of unemployment There are many reasons why the unemployment rate among minorities is different than the national average. When it comes to African Americans, a large part […]
Nov 29 (Reuters) – Hopes that an economic soft landing will lead the Federal Reserve to pull back on interest rates have ignited Wall Street’s appetite for stocks, despite concerns of slowing growth and the potential of an inflationary rebound in 2024. The S&P 500 is up about 9% in November, on track for its […]