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The Federal Reserve faces a critical decision on interest rates
The US Federal Reserve is preparing to announce a decision on interest rates, expected on Wednesday, as it weighs whether to hold rates steady or raise them further to tackle persistently elevated inflation. The decision matters because it will signal the direction of monetary policy under new Fed Chair Kevin Warsh, who took over the…
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LAURA TROTT: The soft bigotry of low expectations dressed up as progressive reform
In this opinion piece, Shadow Education Secretary Laura Trott criticises the Labour government’s approach to tackling youth unemployment, arguing it is reforming schools instead of addressing the real causes of joblessness. She contends that Labour’s Employment Rights Act, minimum wage increases and higher employer national insurance contributions have made it more expensive to hire young…
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Shock figure may be good news for millions of Aussies with a mortgage: Inflation comes in lower than expected
The article’s headline indicates that Australia’s inflation figure has come in lower than expected, which could be welcome news for mortgage holders hoping for relief from interest rate pressures. However, the supplied article text does not contain the actual body content — it consists only of the page’s navigation menu and unrelated headline links from…
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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts
Andy Burnham has been warned by the National Institute of Economic and Social Research (NIESR) that he faces “very difficult trade-offs” in the autumn budget, as the ongoing Iran war keeps oil prices and inflation elevated. The thinktank said the new prime minister has inherited a “challenging” economic position, with his plans to overhaul public…
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Burnham warned he will have to raise taxes or cut spending to fund his pledges
Andy Burnham has been warned by economists that he will need to raise taxes or cut spending to pay for the pledges he made in his first week as prime minister, after a leading think tank concluded there is no room for further government borrowing. The National Institute for Economic and Social Research (NIESR) said…
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Leading economist warns of rise of ‘Gen Z affordability socialism’
Diogo Costa, president of the Foundation for Economic Education (FEE), has warned that a growing number of Gen Z Americans are embracing what he calls “affordability socialism” — support for price controls and heavier government intervention in the economy — even as they say they want to live under a market system. Speaking at FreedomFest,…
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Despite AI hype, Google’s data shows workers aren’t automating themselves away
A new Google Research study analysing 15 million anonymised interactions with its Gemini AI across the Gemini App, AI Mode, and the Gemini API has found little evidence that AI is driving mass automation or displacement of white-collar work, despite widespread predictions to the contrary. The research, dubbed the “AI & Economy ATLAS”, concludes that…
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Warsh seeks to keep Fed steady amid Iran price pressures, internal divides
The article text was unavailable because access to the page was denied. Based on the headline, it concerns Kevin Warsh’s efforts to maintain stability at the Federal Reserve amid inflation risks linked to Iran-related price pressures and divisions within the institution. No further reporting, quotations, figures or supporting context were provided in the accessible text.…
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Chip stocks slide on AI bubble fears as RBA flags sticky inflation and Air Force One gets new paint job
Global chip shares tumbled amid an AI stock sell-off, while Australia’s central bank warned inflation remains too high and a man was charged over an alleged tea-tin bribe; also, Biden scraps Trump’s Air Force One livery, Spider-Man wins raves, and folk singer Linda Perhacs’s fate emerges.
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What is causing the rise of Neets? Data and trends behind youth unemployment as Andy Burnham addresses rising problem
Andy Burnham has announced an overhaul of England’s education system aimed at tackling rising youth unemployment, telling schools to align their curriculums with local business needs through new technical education routes. The move comes as figures show the number of young people classed as Neet (not in education, employment or training) has risen sharply, driven…