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The debt trap: How the GOP bill would make a big problem for Americans even worse
MSNBC· 2025-07-02 04:30
It is time now for money power politics and this evening we are talking about our financial responsibility as a country. I want to level set here. This has been a problem for the United States for many years.Our debt has exploded over the last two decades under the leadership of both parties. But that makes it even more important to take a hard look at what this Republican bill would do to make an already bad situation even worse. As the New York Times puts it, this is one of the most expensive pieces of le ...
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Bloomberg· 2025-07-02 04:20
Poland will likely keep interest rates unchanged after policymakers turned cautious, citing loose fiscal policy and global price risks https://t.co/9JheNe3y6U ...
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Bloomberg· 2025-07-02 03:05
The ECB may have to keep cutting rates to prevent an overheated currency, writes @marcusashworth (via @opinion) https://t.co/YAHSsL0E3t ...
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Decrypt· 2025-07-02 00:00
Fed Chair Jerome Powell said Tuesday that if not for President Trump's aggressive tariff policies, the Fed would have likely already cut interest rates in 2025. https://t.co/CjGY5ibeh8 ...
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Bloomberg· 2025-07-01 21:22
Brazil has raised interest rates on farm equipment financing, threatening to constrain a much-needed recovery in tractor sales https://t.co/8p5Pr7cNQn ...
Trump on July 9 trade deal deadline: Not thinking about extending
CNBC Television· 2025-07-01 19:52
But the president has made some comments to reporters on Air Force One moments ago. Aean Jabers is tracking that for us. What'd he say, Aean.Scott, that's right. The president is on Air Force One. He's on his way back from Florida talking to reporters about Fed Chair Jay Pal, who he called a Uh, and said that he has two or three other candidates in mind to replace Pal's Fed chair, but did not go so far as to say when he envisions naming that person.So, the White House has been hinting now for several days t ...
Bond yields rise after strong economic data
CNBC Television· 2025-07-01 18:36
All right. Well, a new read on the job market today. The latest report showed a significant increase in the number of job vacancies, exceeding its forecast and marking its highest level in 6 months now.And this has bond traders closely watching tomorrow's big employment data as strength in the labor market could impact the Fed's next meeting later on this month. With all of that, our Rick Santelli joins us now with the bond report and how it's playing out on that macro trade. Rick.Yeah, and Dom, there's a l ...
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Bloomberg· 2025-07-01 17:46
ECB Governing Council member Madis Muller says the economy doesn’t justify interest rates that stimulate growth, allowing officials to take a pause from easing https://t.co/g3r5gXz54l ...
Powell: A majority of FOMC feel it will be appropriate to reduce rates again by year-end
CNBC Television· 2025-07-01 16:15
So from our standpoint um as you will have seen a solid majority of FOMC participants do expect that it will become appropriate uh later this year to begin to reduce rates again. And so um and u that will depend though as Christine just mentioned on the incoming data. We'll be monitoring particularly what does show up in terms of of inflation or what does not show up and also carefully watching the labor market.you know, there we watch very carefully for signs of of unexpected weakness. We see a gradual coo ...
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Bloomberg· 2025-07-01 15:46
Bank of England Governor Andrew Bailey said high interest rates are having less of an impact on inflation because of Britain’s low levels of debt among both businesses and consumers https://t.co/AQMCkQIocq ...