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BUSINESS LIVE: Playtech strikes deal with Calipay; Phoenix Group shelves Sun Life sale; Close Brothers CEO quits By This Is Money Updated: 08:31, 16 September 2024 e-mail View comments Among the companies with reports and trading updates today are Playtech, Phoenix Group, Close Brothers Group and Keywords Studios. > If you are using our app or a third-party site click here to read Business Live 07:31 Will the US Federal Reserve cut rates on Wednesday? Susannah Streeter, head of money and markets at Hargreaves Lansdown, comments ahead of the Federal Reserve's next interest rates decision: Investors remain split about the size of the Fed rate cut, which the policymakers are expected to deliver. More bets are being put on the likelihood that there may be 50bps reduction announced, which has pushed down the dollar slightly, in an extension of its recent losses.
Even if a smaller rate cut is delivered, it’ll raise expectations for a more aggressive loosening of policy in November and December, with 100bps of rate reductions by the end of the year priced in by markets. We are set to see the start of an eager easing cycle, given that inflation is heading towards target and demand is being squeezed out of the economy. A quick succession of cuts is expected, to try stop the slowing US economy going into reverse.
07:23 ALEX BRUMMER: Property bounces back as demand and rentals revive Big tests lie ahead if the Labour Government is to drive growth by bulldozing planning restrictions and setting housing targets. Fortune is on its side. The fall and long pause in property values and rent yields, caused by the pandemic and working from home, is unwinding.
Interest rates are heading down, making borrowing more affordable. Risk averse quoted real estate companies are being more adventurous particularly in the 'golden triangle' of London, Oxford and Cambridge. ALEX BRUMMER: Property bounces back as demand and rentals revive The fall and long pause in property values and rent yields, caused by the pandemic and working from home, is unwinding.
This is Money 07:18 Federal Reserve ready to cut rates for first time since 2020 The US central bank is poised to slash interest rates this week but UK policymakers are expected to be more wary. The Federal Reserve is tipped to make a cut on Wednesday – the first time since 2020. Federal Reserve ready to cut rates for first time since 2020 Chairman Jerome Powell has hinted at a cut as central banks attempt to relieve the burden for lenders.
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