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PENSION annuity rates have hit a 15-year high and experts suggest now is a good time to buy one. Annuities are a product you can buy with your pension pot that gives you a set income when you retire. 1 Annuities give retirees a guaranteed income for the rest of their lifeCredit: Alamy Exactly how…
European Central Bank (Photo-AP) The European central bank (ECB) reduced interest rates by 25 basis point on Thursday, aiming to stimulate economic activity as the eurozone grapples with sluggish growth. This move, which lowers borrowing costs for both consumers and businesses, comes amid mounting concerns about the impact of potential trade conflicts with the US…
Inflation eased slightly in January as worries accelerated over President Donald Trump’s tariff plans, according to a Commerce Department report Friday. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate. Excluding food and energy, core PCE also rose 0.3% for the…
Even if most of the tariffs are removed or never instituted, manufacturers will think twice before building additional economic bridges to Canada and Mexico. Over the next few years, that will lead to higher costs and eventually higher prices. Furthermore, the Federal Reserve cut interest rates by 25 basis points in December 2024, a decision…
In the face of rising utility costs and stubborn inflationary pressures, Massachusetts Gov. Maura Healey is calling on the Department of Public Utilities to take immediate action to bring energy prices down. Bay State families are struggling to handle an “unexpected rate hike” that has sent their natural gas bills through the roof, and according…
RACHEL Reeves should work closer with business to fund infrastructure projects rather than stretch public finances, a pensions firm boss has said. Andy Briggs, boss of FTSE 100 Phoenix Group, said there were tens of billions of pounds of private money ready to invest in the housebuilding drive and green energy push. 6 Andy Briggs,…
Cartons of eggs are displayed at a grocery store with a warning that limits will be placed on purchases as bird flu continues to affect the egg industry on Feb. 10, 2025 in New York City. Spencer Platt | Getty Images A Federal Reserve interest rate cut won’t be coming until at least September, if…
Listen to article There has been a sudden and significant rise in both international and local gold prices once again. In the international bullion market, the price of gold per ounce surged by $42, reaching a high of $2903. Meanwhile, in local gold markets, the price of 24-carat gold per tola increased by a significant Rs 4000,…
MUMBAI: RBI governor Sanjay Malhotraassured markets that the central bank would provide all the liquidity required to ensure that interest rates are passed on. In his first media interaction, he provided a peek into his thought process. Excerpts:What gives you optimism about growth?We analyse all parameters regularly, including high-frequency indicators.Whether one looks at agriculture –…
Listen to article Pakistan’s consumer price index (CPI) inflation dropped to 2.41% year-on-year (YoY) in January 2025, marking its lowest level in 111 months, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. The inflation rate reflects a sharp disinflationary trend, down from 4.1% in December 2024 and significantly lower than 28.3% in…
