A full-employment economy with solid growth and falling inflation will let the U.S. Federal Reserve continue cutting interest rates, though uncertainty about the impact of tariffs and other policy changes argues for a slower approach, Chicago Fed President Austan Goolsbee said on Thursday. Ahead of key jobs data to be released on Friday, Goolsbee said he was increasingly confident that the U.S. economy had "settled in" at around full employment, with less risk that tight Fed monetary policy would lead to a rising unemployment rate.
Bank of England cuts rates and growth outlook, sees inflation 'bump'
LONDON (Reuters) -The Bank of England cut interest rates by a quarter-point and some policymakers wanted a bigger move to offset a slowdown, but the BoE said it would be careful about further moves in the face of an expected inflation spike and global economic uncertainty. The BoE halved its 2025 growth outlook - a blow for finance minister Rachel Reeves who is pushing to speed up the economy - and said inflation would be almost double its 2% target this year. Governor Andrew Bailey said he thought that would prove to be a "bump in the road" before inflation falls back.
Czech Republic to Eliminate Taxes on Long-Term Crypto Gains
The country's central bank is also looking at whether or not to add bitcoin to its reserves.
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Shares of healthcare insurance company Molina Healthcare (NYSE:MOH) fell 10.6% in the pre-market session after the company reported underwhelming fourth quarter results, with EPS missing Wall Street estimates and full-year EPS guidance falling significantly short. However, full-year revenue guidance slightly exceeded analysts' expectations, and revenue outperformed estimates. Overall, the results were mixed.
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