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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House prices return to growth, Zoopla says
According to Zoopla's latest house price index, UK house prices rose by 1.9% in November 2024, with the average price reaching £267,500. The market is expected to continue growing in 2025, with a 2.5% increase projected. Buyers are becoming more price-sensitive, with average selling prices currently 3.6% below asking. Various regions in the UK experienced different rates of growth, with London seeing a 1.4% increase and Belfast a 6.9% rise in house prices. To avoid...
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