Unlock the US Election Countdown newsletter for free The stories that matter about money and politics in the race for the White House The author is a professor of economics and political science at the University of California, Berkeley The fate of the dollar, like many other things, depends on the outcome of the US … Read more
[Key takeaways] ● At its May meeting, the Federal Reserve kept its target range for the federal funds rate at 5.25%-5.50%, marking the sixth consecutive time it remained unchanged. ● The probability of a Fed rate cut in September has increased significantly from 50% to 70% in the first week of June due to indicators … Read more
Image source, Mathew Sherman Image caption, Mr. Cooper’s discovery was reassembled in New York 1 hour ago The first stegosaurus skeleton to go under the hammer will fetch millions of dollars in New York. But the extraordinary discovery was made by chance, thousands of miles away to the west, during one man’s birthday walk, writes … Read more
Image © Adobe Stock The pound-to-euro exchange rate reached its highest level since March, at 1.1736, after UK inflation fell to an annual rate of 2.3% in April, a figure higher than the market and the Bank of England had expected (2.1%). The all-important and much-watched component of inflation in the services sector was noticeably … Read more