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FCA says ‘streamlining' of requirements to report transactions will save companies more than £108mn a year
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The Federal Reserve won't see critical information on U.S. inflation or job creation before its next pivotal meeting in December to decide whether to cut interest rates for the third month in a row.
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John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs ‘in the near term.'
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Policymakers at the central bank are at odds over the need to cut interest rates for a third straight meeting, as inflation picks up again and the labor market slows down.
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Market odds of a cut remained weak following the release of the September jobs data, the first nonfarm payrolls report investors are seeing since the government shutdown.
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