Bank of England could cut interest rates faster if jobs market slows, Bailey says

The Bank of England (BoE) is ready to lower interest rates further if the UK job market begins to show clear signs of slowing down, according to governor Andrew Bailey. Speaking in an interview with ... Read More

Bank of England could cut base rate if jobs market continues to slow – Bailey

Bank of England could cut base rate if jobs market continues to slow – Bailey - Businesses are ‘adjusting employment’ as a result of Rachel Reeves’ decision to raise national insurance contributions ... Read More

Bank of England set to bury Sunak's pre-election rate cut hopes

Any lingering hopes Prime Minister Rishi Sunak might still have for a pre-election interest rate cut will probably be dashed next week, when the Bank of England looks set to signal that lower ... Read More

UK jobs data increase chances of more Bank of England interest rate cuts

The UK labour market continued to cool in April, with the latest ONS figures showing unemployment at 4.6% and a 0.2% drop in payrolled employees — or 55,000 fewer jobs — from the previous month. It ... Read More

Cooling UK jobs market keeps Bank of England rate cut on track

Cooling UK jobs market ... Budget looms over jobs market, ... Sterling was little changed after the data and markets continued to show around an 80% chance of a quarter-point UK interest rate cut ... Read More

Further interest rate cut could be on the cards after report ... - Sky News

Further interest rate cut could be on the cards after report suggests jobs market cooling The Bank of England previously expressed concern that the pace of pay rises was helping to drive up ... Read More

Trump presses Fed chief Powell to cut interest rate by full point ...

Stream Connecticut News for free, 24/7, wherever you are. Trump, who regularly badgers Powell to lower rates, argued for the steep cut even as he maintained that the U.S. economy is "doing great ... Read More

How July's weak jobs report could impact the 2024 election - MSNBC

First, the bad news. The unemployment rate rose to 4.3% in July and employers added just 114,000 jobs. The number of jobs added is definitely lower than we expected. Read More

Trump presses Fed chief Powell to cut interest rate by full point ...

The president's latest jab at Powell came after the Bureau of Labor Statistics reported that U.S. hiring in May rose more than predicted. Nonfarm payrolls rose 139,000 for the month, exceeding Dow ... Read More