Federal Reserve Chair Jerome Powell’s actions led to volatility on Wall Street, but the decision to pause further rate cuts seems justified following the release of a key inflation indicator and political uncertainty in Congress. Powell’s leadership influenced market movements, while the decision to hold off on rate cuts appears to be supported by economic indicators and political developments. The week’s events underscore the importance of Powell’s role in guiding monetary policy amid changing economic conditions and political challenges.
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British people cannot be ‘easily bought’, says Badenoch in Musk dig
Roula Khalaf, Editor of the FT, highlights Conservative leader Kemi Badenoch's concerns over Nigel Farage potentially receiving a donation from Elon Musk, warning against the perception of politics being bought. Badenoch, facing competition from Farage's Reform UK, emphasizes the need for competition and thoughtful Conservatism, while acknowledging past failures in immigration policy. Despite facing challenges, Badenoch remains optimistic about her leadership and the Conservative party's future direction. Full Article
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