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A big moment to reveal likely path aheadpublished at 11:15 GMT 11:15 GMT Faisal IslamEconomics editor Previous expectations of a cut to interest rates have diminished, since the rapid rise in energy prices due to hostilities in the Gulf. Most economists and the markets expect a hold, but this is an important moment for the…

All of the positive economic talk out of this week’s Federal Reserve meeting had a negative impact on investors, who have now taken expectations for even one interest rate cut this year off the table. In his post-meeting news conference, Fed Chair Jerome Powell took an upbeat view of current conditions, even with what he…

Technology Select Sector SPDR Fund (XLK) is up 33% over the past year, Vanguard Information Technology ETF (VGT) has gained 31%, and Roundhill Magnificent Seven ETF (MAGS) is up 31%, all outpacing the S&P 500’s 20% return, driven by concentrated holdings in Nvidia, Apple, and Microsoft that have surged in sustained demand. AI capital spending…

Have you claimed Social Security and are now thinking about getting a job? If so, there are some important rules about working while collecting Social Security that could affect the amount of benefits you get. Depending on the circumstances, you could either see your benefits temporarily decline or permanently increase as a result. Here’s an…

<!–> WASHINGTON – The Federal Reserve on Wednesday announced it would keep interest unchanged and predicted at least one rate cut later this year. This is the second time the Fed kept rates on hold, which is currently at 3.6%.  –> Federal Reserve Chair Jerome Powell speaks during a press conference following the Federal Open…

Cryptocurrencies have faced significant scrutiny in recent months. Large investors who had held the tokens since many of them first began trading have now sold at levels higher than previously seen, and economic and geopolitical concerns have also not helped the situation. There’s also been concern that new technologies, such as quantum computing, could one…

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As if the Iranian debacle created by Israel and the US couldn’t get any worse, overnight, Israel — with the knowledge of the Trump administration — attacked Iran’s huge South Pars gas field, setting its facilities ablaze. In response, and as expected, Iran then attacked Qatar’s Ras Laffan gas site, causing “extensive damage“. The Wall…

The European Central Bank (ECB) kept its three key interest rates unchanged at 2.00%, 2.15% and 2.40%. “The war in the Middle East has made the outlook significantly more uncertain, creating upside risks for inflation and downside risks for economic growth,” the ECB said in a statement. “It will have a material impact on near-term…

Federal Reserve officials expect the Iran war will worsen inflation this year while having little effect on growth, but they still expect to cut their key rate once in 2026. For now, Fed policymakers left short-term interest rates unchanged Wednesday for the second straight meeting at about 3.6%. In a statement, the central bank said…