- BOE will probably cut in August
- Sees bank rate down to 3.5% by the end of 2025
Market pricing is 53% for an August cut and the implied rate at the end of 2025 is 4.01%.
Market pricing is 53% for an August cut and the implied rate at the end of 2025 is 4.01%.
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BofA flags 16 undervalued stocks, trading >10% off highs, for AI rotation. Watch for growth potential!
US strikes trade deals with 4 nations, eyeing tariff cuts on agri/industrial goods. Watch for shifts in import/export valuations.
Illinois EV sales surge 8.4% on expiring tax credits; national slump expected. State goal of 1M EVs by 2030 now at risk.
Penny production ends: costs 3.69 cents to make, reducing cash use. Rounding to nearest 5 cents is the new norm.
Kashkari's hawkish stance on rates dims December cut odds; markets now see 50% chance vs. 100% prior.
Tech stocks dump 7-13% on profit-taking & economic data fears. Sterling down 13.7% despite strong backlog & buybacks.
Tech stocks dump 5-8% as investors rotate to value; BLNK down 42% from peak, long-term holders see major losses.
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