fromLondon Business News | Londonlovesbusiness.com
2 weeks agoBank of England to stand pat after Fed cut, whats next for markets?
Chair Powell pulled off a bit of a Jedi mind trick. "This is not the meeting you are looking for", he seemed to tell markets, saying it was a "risk management" cut - having just delivered a rate cut despite unemployment forecast to remain steady and low, growth to pick up and inflation to rise. Everything the market's stormtroopers wanted was there in front of them, but Powell managed to somehow deflect attention.
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