Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year
WASHINGTON (AP) — Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year.
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Yahoo Finance UKUK inflation ‘unavoidable’ but Bank of England should revamp forecasting model, says Bernanke
Former chairman of US Federal Reserve tells MPs BoE should fix forecasting errors and update out-of-date processes.
- Reuters
UPDATE 1-Fed's Kashkari: rates should stay on hold 'for a while longer'
Minneapolis Federal Reserve Bank President Neel Kashkari on Wednesday reiterated his view that he is unsure how restrictive monetary policy is right now, and that borrowing costs should stay where they are as U.S. central bankers take stock of inflation. Kashkari did not comment on government data released Wednesday that showed inflation edged down in April, after proving stronger than expected during each of the first three months of the year.
- Reuters
Exclusive-Fed's Williams welcomes inflation data, not ready to seek rate cuts
Federal Reserve Bank of New York President John Williams welcomed the arrival of softer consumer inflation data, he told Reuters, but said that positive news is not enough to call for the U.S. central bank to cut interest rates sometime soon. While it is important not to overemphasize the latest economic news, the softer tone of April's Consumer Price Index is "kind of a positive development after a few months where the data were disappointing," Williams said in an interview with Reuters on Wednesday. "The overall trend looks reasonably good" for a gradual slowdown in inflation pressures, Williams said.
- Reuters
German 10 year yield set for biggest daily drop in a month after US CPI data
Euro zone bond yields dropped on Wednesday after U.S. consumer prices increased by less than expected in April, boosting expectations that the Federal Reserve will cut interest rates two times this year, and making larger ECB cuts easier too. Germany's 10-year yield, the benchmark for the euro zone bloc, was last down 10 basis points at 2.44%, extending a decline ahead of the data, and putting it on track for its biggest daily drop since April 12. The U.S. consumer price index rose 0.3% last month after advancing 0.4% in March and February, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday.
- Reuters
ECB not in a hurry to cut rates, should take measured steps after June, Kazaks says
The European Central Bank is likely to cut interest rates in June but the bank is not in a hurry to ease policy, so subsequent moves could be spaced out to give time for assessment, ECB policymaker Martins Kazaks said on Thursday. The ECB has all but promised a rate cut on June 6 so the discussion has shifted to how quickly its next move should come and what conditions must be met for more easing. "I think we would benefit from a measured path going down," Kazaks, Latvia's central bank governor, told Reuters on the sidelines of a conference.
- Reuters
Sterling hits fresh 2-week high versus dollar ahead of US data
Sterling hit its highest level in almost two weeks versus a weakening dollar and was broadly unchanged against the euro on Wednesday ahead of key U.S. inflation data. The pound fell on Tuesday after Bank of England (BoE) chief economist Huw Pill said the central bank might be able to consider cutting interest rates over the summer.
- INSIDER
The US is worried about an invasion, but China could take control of Taiwan without firing a shot, war experts warn
A Chinese coercion campaign, likelier than an invasion and in some ways already happening, isn't something the US is prepared for, experts warn.
- The Independent
Man charged with raping two women in national forest after third woman heard screaming from his van
Eduardo Sarabia will appear in court next month
- HuffPost UK
Were Putin And Xi Really Spotted With 'Nuclear Footballs' Amid The Russian President's Trip?
A display of power – or social media jumping to conclusions?
- SETHLUI.COM
Owner of Michelin-recognised Hua Xing Bak Kut Teh passes on in his 40s
The post Owner of Michelin-recognised Hua Xing Bak Kut Teh passes on in his 40s appeared first on SETHLUI.com.
- INSIDER
I have fond memories of high school in America. I'm worried my daughter won't feel the same in Singapore.
Jason Erik Lundberg's teenage daughter attends a public high school in Singapore. He worries about the high level of stress.
- The Telegraph
It’s time to bring back the world’s greatest fighter jet - from the 1990s
The Lockheed Martin F-22 is the US Air Force’s best fighter. The Lockheed Martin F-16 is its most numerous fighter. But its workhorse fighter – the type which balances capability and mass – is the Boeing F-15E Strike Eagle, the multi-role version of the classic air-superiority fighter. The Eagle was the best fighter in the world before the F-22 came along.
- The Telegraph
VAR league table: Which club has been wronged most – and who has benefited
“That’s wrong that, Daz” could be the words engraved on the tombstone of VAR, offering a reminder that football technology needed competent humans running the system and that every decision had a winner and a loser.
- Reuters
Malaysia outraged at Meta takedown of media's Facebook posts on PM's Hamas meeting
Malaysia's communications minister expressed outrage at Meta Platforms on Tuesday, demanding it explain why it had taken down Facebook posts by local media covering the prime minister's meeting this week with a Hamas leader. Prime Minister Anwar Ibrahim met Ismail Haniyeh of Hamas in Qatar on Monday and later stressed that though he had good relations with the group's political leaders, he had no involvement in its military apparatus. Muslim-majority Malaysia, a vocal supporter of the Palestinian cause, has sent a letter asking Meta to explain the takedown of posts by two media organisations about Anwar's meeting, and closed the Facebook account of a third outlet covering Palestinian issues.
- HuffPost
Mary Trump Thinks She Knows Exactly Why Ivanka And Don Jr. Haven't Turned Up In Court
Their no-show at Donald Trump's hush money trial is down to two things, said the former president's niece.
- BuzzFeed
"That’s When I Realized I Made A Terrible Mistake": Divorced People Are Revealing Their Partner's "Red Flag" That Ended Their Marriage Right Then And There
"Then it hit me: I was better off without her."
- Evening Standard
How can Arsenal win the Premier League title? What Gunners need on final day to beat Man City to trophy
Title race heads to final day of the season
- The Telegraph
Teacher accused of having sex with school boys ‘attempts to garner sympathy’ by displaying baby bonnet in court
A teacher accused of having sex with two schoolboys made a “naked attempt to garner sympathy” by tucking her baby’s pink bonnet into her trousers when giving evidence at her trial.
- The Telegraph
Thomas Tuchel keen on Manchester United job but Bayern fighting to keep him
Thomas Tuchel is hoping for an offer from Manchester United should Erik ten Hag leave Old Trafford, although Bayern Munich are attempting to talk him into remaining as their head coach.
- The Daily Beast
British Dancer, 26, Was Killed by BF in ‘Reckless Sex Game Gone Wrong’
ReutersA British coroner said this week that Georgia Brooke, a 26-year-old dance teacher said to have been fatally strangled by her boyfriend, had died from a “reckless sex game gone wrong.” British authorities said Brooke’s boyfriend, 31-year-old Luke Cannon, took his own life by hanging just after he learned his lover had died in a local hospital—unable to recover from cardiac arrest.The coroner, Martin Fleming, added Wednesday that drugs may have played a factor in the tragedy, with traces of