Latest News for: cut bank

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Trump’s trade war will unleash a wave of interest rate cuts

The Daily Telegraph 05 Apr 2025
I expect the Bank of England to cut Bank Rate slightly more quickly as real economic activity weakens.” ... The day before Trump announced his tariff plans, markets anticipated two more rate cuts from the Bank of England this year.
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'Crisis on the verge of catastrophe': food assistance cuts are trouble for greater Grand Forks ...

Grand Forks Herald 05 Apr 2025
In addition to the TEFAP cuts, Great Plains has also been affected by USDA's decision to ax the Local Food Purchase Assistance program, which allowed the food bank to purchase food from local farmers, growers and ranchers.
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Food Pantries Will Struggle as Federal Aid Disappears

Flathead Beacon 05 Apr 2025
The North Valley Food Bank, like many others, was founded in the late 1970s in response to cuts to federal food assistance under the Reagan administration ... At North Valley Food Bank, the cuts of CCC ...
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Fed will be unwise to listen to the market at this stage – Central Bank’s ...

Cryptopolitan 05 Apr 2025
“I think that’s a market in wishful thinking, hoping the Fed bails them out.” No cuts should be in sight, says Ferguson. The Former Fed Vice chair advised against interest cuts because inflation is still way above the central bank’s 2% target.
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Area lenders project stability in Boulder Valley, northern Colorado

Daily Camera 05 Apr 2025
Despite tariff concerns and uncertainty around deep cuts to the federal government, commercial banks in the Boulder Valley and northern Colorado continue to be stable ... “I’m not sure how that will trickle down and affect participant banks.
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Stock market craters

The Hill 05 Apr 2025
Trump urges Fed to cut rates as tariffs cause stock plunge. President Trump urged the Federal Reserve on Friday to cut interest rates and ripped the head of the independent central bank as new tariffs caused stocks to plunge.
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Jerome Powell warns on Trump’s tariffs: High inflation could be here to stay

News-Press Now 05 Apr 2025
Shortly before Powell’s speech, Trump in a post on his social media platform called on the Fed to lower borrowing costs, accusing the central bank’s leader of playing politics ... But the central bank is uncomfortably on hold.
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Tariffs will likely push inflation higher, Fed Chair Jerome Powell warns, rebuffing Trump’s bid to ...

New York Post 05 Apr 2025
Federal Reserve Chair Jerome Powell on Friday rebuffed President Trump’s call for the central bank to immediately cut interest rates — warning that the administration’s sweeping new ...
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Guest Commentary | Second Harvest Food Bank Santa Cruz County: Congress must protect food programs

Santa Cruz Sentinel 05 Apr 2025
As Congress moves forward with the budget reconciliation process, it is critical that these programs are protected and strengthened, not cut. At Second Harvest Food Bank Santa Cruz County, we see firsthand how these programs support our community.
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The Weekend: When Trump hit reset on global trade, sending markets into a tailspin

AOL 05 Apr 2025
Will Trump's tariffs change Bank of England's interest rate plan?. The central bank faces a delicate decision – continue cutting interest rates, or pause and wait for more clarity on how the impact of the tariffs will play out.
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Powell says Trump’s tariffs raise risks of higher inflation and slower growth

The Spokesman-Review 05 Apr 2025
Now, Fed officials are confronting a much thornier set of issues that have upended expectations about when the central bank might be able to lower interest rates again after it paused cuts in January.
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Dow down 2,200 points as $6.4 trillion is wiped out in two-day bloodbath as China ...

New York Post 05 Apr 2025
Bank stocks in the United States dropped further on Friday, with the sector under pressure globally as investors anticipated more interest rate cuts from central banks and a hit to economic growth from tariffs.
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Olayemi Cardoso: Rebuilding Confidence, Reducing Vulnerabilities in Nigeria’s Economy

This Day 05 Apr 2025
“We also think there is scope for both short-dated bills and longer-tenored bond yields to decline in 2H25 as the new inflation series gives the central bank some room to cautiously deliver some cuts,” they added.
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US Tariffs Impact On India's Growth May Push RBI For More Rate Cuts: Citi Bank

MENA FN 05 Apr 2025
(MENAFN - KNN India) New Delhi, Apr 4 (KNN) Citibank expects the Reserve Bank of India (RBI) to implement three additional rate cuts in 2024, totalling 75 basis points, as India's economic outlook ... .
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Habitat Kent launches $8M capital campaign to build 100 affordable homes in Grand Rapids

Michigan Live 05 Apr 2025
... Green Well launches brunch with take on Anthony Bourdain’s favorite sandwichDowntown Grand Rapids lands new corporate headquarters, 131 jobs plannedMichigan food banks face $4.3M cut.
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