Simply Finance

Fed Holds Steady, Bank of England Cuts Rates, Markets Rally on Trade Hopes


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In today's episode, we explore the Federal Reserve's decision to maintain interest rates amid economic uncertainty, while the Bank of England opts for a rate cut due to US tariff concerns. We also delve into Wall Street's rally fueled by optimism over a new US-UK trade deal, and the cryptocurrency market's surge as Bitcoin hits a milestone. Join us for these stories and more on Simply News Radio.

Sources:
https://www.realtor.com/news/trends/mortgage-interest-rates-now-may-8-2025/
https://www.federalreserve.gov/newsevents/pressreleases/monetary20250507a1.htm
https://www.federalreserve.gov/newsevents/pressreleases/monetary20250507a.htm
https://www.federalreserve.gov/monetarypolicy/files/monetary20250507a1.pdf
https://abcnews.go.com/US/fed-expected-hold-interest-rates-steady-defying-trump/story?id=121510718
https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2025/may-2025
https://www.investopedia.com/dow-jones-today-05082025-11730607
https://www.post-gazette.com/business/money/2025/05/08/stock-market-today-may-8-2025/stories/202505080073
https://www.investopedia.com/dow-jones-today-05082025-11730607
https://www.investopedia.com/dow-jones-today-05052025-11728037
https://insight.factset.com/sp-500-earnings-season-update-may-2-2025
https://www.spglobal.com/spdji/en/indices/equity/sp-500/
https://www.parkavenuesecurities.com/monthly-market-commentary-may-2025
https://www.investopedia.com/dow-jones-today-05082025-11730607
https://www.forex.com/en-sg/news-and-analysis/dow-jones-forecast-djia-rises-post-fed-on-trade-deal-hopes-us-open-2025-5-8/
https://spectrumlocalnews.com/nys/capital-region/business/2025/05/08/wall-street-markets-trade-announcement
https://www.fxleaders.com/news/2025/05/08/dow-jones-djia-makes-the-break-higher-as-trade-optimism-lift-stock-markets/
https://spectrumlocalnews.com/news/2025/business/2025/05/08/wall-street-markets-trade-announcement
https://www.latimes.com/business/story/2025-05-08/wall-street-rises-on-hopes-for-trade-deals-that-could-forestall-a-recession
https://www.nasdaq.com/articles/us-china-trade-talks-expectations-outcomes-and-market-implications
https://www.nasdaq.com/articles/stock-market-news-may-7-2025
https://www.post-gazette.com/business/money/2025/05/08/stock-market-today-may-8-2025/stories/202505080073
...more
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