Bank of England forecast to cut interest rates amid rising unemployment and Trump tariffs
Sunday, 3 August 2025 () City predicts quarter-point drop to 4% when MPC meets on Thursday Bank of England policymakers are widely expected to cut interest rates this week to prevent the economy sliding backwards amid rising unemployment and the hit to global trade from Donald Trump’s fresh round of import tariffs. City…
President Donald Trump has announced sweeping new tariffs on U.S. imports from over 90 countries, with rates soaring as high as 41%. Citing emergency powers and national security concerns, Trump’s executive order targets goods ranging from coffee and textiles to steel and electronics. Major trade...
President Trump has fired Bureau of Labor Statistics Director Erika McEntarfer following a disappointing July jobs report that added only 73,000 jobs and included major downward revisions to May and..
India has reportedly declined a U.S. offer to buy F-35 stealth fighter jets, according to Bloomberg. The offer was made by President Trump during Prime Minister Modi’s visit to Washington in..
In a dramatic showdown, President Trump demands urgent interest rate cuts to stimulate the struggling economy — but the Federal Reserve stands firm, leaving rates unchanged. This escalating conflict..
Borrowing costs are set to ease further as the Bank of England contends with stagnant growth and rising unemployment, experts have predicted. Most economists... City A.M.
Sunday, 3 August 2025 ()
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