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REUTERS/Peter Macdiarmid The Bank of England hinted that it is set to hike interest rates in May, but there are signs it could change its mind. A rate hike in May is, in the words of bond market guru Mohamed El-Erian “far from a done deal.” The wording of the committee’s statement is far less […]
Brian Kersey/Getty Images Fed Chair Janet Yellen sounded very confident about the job market in her press conference this week, suggesting additional Fed action to rein in the economy. But inflation has remained low despite low unemployment, going against a classic economic theory. Wages have been stagnant and inequality has been rising, and premature monetary tightening […]
