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The Bank of England faces a complex decision on interest rates amidst conflicting economic signals. Recent inflation upticks and global uncertainties challenge expectations of further rate cuts in 2024.
Gold prices hit unprecedented levels, surpassing $2,500 per ounce. Analysts point to various factors, including a potential "Kamala Trade" anticipating economic policies under a Harris presidency.
Despite momentum from the Democratic National Convention, Kamala Harris's campaign admits the presidential race remains close. Harris's speech targets Trump and appeals to diverse voter groups.
Jerome Powell hints at September interest rate reduction, citing falling inflation and rising unemployment. Bank of England's Andrew Bailey also suggests faster rate cuts may be possible in the UK.
Body of Hannah Lynch found on Bayesian. Jermaine Jenas faces controversy post-BBC sacking. Bank holiday travelers warned of potential roadwork delays. Various news updates across politics, sports, and entertainment.
The Federal Reserve may implement a significant rate cut following a drastic revision of non-farm payrolls. Global markets react as recession risks rise and China's economic troubles deepen.