Uruguay Central Bank Surprises With Quarter-Point Rate Cut
'As long as inflation evolves as expected and agents' expectations continue to decline, the BCU believes there could be room to continue lowering the interest rate,' the central bank said in a statement.
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Trump will be hit with $60bn bill if he sacks Powell
Donald Trump will be hit with a $60bn (£44bn) bill if he follows through on his threats to sack Federal Reserve chairman Jerome Powell, analysts have warned. Ousting Mr Powell, the head of the US central bank, would send Treasury yields soaring, adding crippling costs to the government's debt interest bill as investors bet on the prospect of higher inflation and political instability. Gennadiy Goldberg, the head of US rates strategy at TD Securities, said that if Mr Trump did oust the Fed Chair, it would add around $58bn to the government's interest bills. The president suggested this week that he could sack Mr Powell over escalating costs in the $2.5bn renovation of the central bank. After a flurry of reports warned that Mr Trump was preparing to oust the Fed chairman imminently on Wednesday, the president told reporters: 'I don't rule out anything but I think it's highly unlikely unless he has to leave for fraud.' Mr Trump has been deeply critical of Mr Powell, who he has called a 'numbskull' for not cutting interest rates as the president wants. If Mr Trump were to remove the Fed chairman, analysts warned bond investors would demand far higher rates to compensate for fears that the Fed would no longer operate free from government interference and would be less able to keep inflation under control. Mr Goldberg said this would drive up yields on American debt repayable in 20 years and 30 years by between 20 and 50 percentage points, potentially pushing interest rates on these bonds to around 5.5pc. In turn, this would add $58bn to the interest bill on the $276bn in 30-year Treasuries and $168bn in 20-year Treasuries that the US issues in a typical fiscal year, Mr Goldberg estimated. This calculation assumes that yields stay at these levels and that government debt issuance patterns remain the same. 'If interest rates jump, the debt burden could very quickly become unsustainable,' said Mr Goldberg. Alex Everett, a fund manager at Aberdeen, said that over the course of two or three months, the shock could add as much as a whole percentage point to 30-year Treasury yields, pushing the interest rate on these bonds to 6pc. This would be the steepest rise in US Treasury yields since the 'Volcker shock' in the early 1980s when Paul Volcker, the then-Fed chairman, made large increases in interest rates to tame runaway inflation. Mr Everett said: 'The difference then was that yields moved higher to reflect a Fed combating inflation. This time they'd likely be moving higher to reflect a Fed not combating inflation effectively. '[Markets will think] inflation will not be kept under control by an institution that exists to moderate the economy.' Sacking a Fed chairman would also push markets to make bets on more political instability and unchecked borrowing. 'It would be a very key progression point in Trump's agenda, you'd assume the next logical step is that he can push harder on other things,' Mr Everett said. The surge in Treasury yields would be accompanied with a significant drop in the dollar that would hit investors hard, he added. Higher borrowing costs would hit at a time when the government's debt interest bill was already forecast to soar from 3.2pc to 6.1pc by 2054, assuming the measures in Mr Trump's spending bill come to pass, according to analysis by the Committee for a Responsible Federal Budget. Higher Treasury yields would also drive up mortgage rates, which are currently close to 7pc, further slowing housing market activity, at a time when sales are already at a 30-year low. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more. Sign in to access your portfolio
Yahoo
an hour ago
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ThinkCareBelieve: Week 26 in America's Rebirth under President Trump's Leadership
Washington, DC, July 19, 2025 (GLOBE NEWSWIRE) -- Link to ThinkCareBelieve's Article: has published an article on Week 26 of America's Rebirth under the leadership of President Trump. The article covers the June numbers showing America's strong economy: Tariffs collected a record 100 Billion this year through June $27 Billion budget surplus in June (per Rutters) Gas prices dropping to 4-year low Egg prices are down even lower Retail sales jumped .6% in June (only .1% was expected) Core retail sales .5% (.3% was expected) Jobless claims came in at 221,000 (235,000 expected) 5th straight week of unemployment filings decrease Wholesale inflation at 0% in June, beating the 2.3% year over year rate Inflation remains at an all time low Consumer prices low Number of first-time homebuyers falls to historic low POTUS considering eliminating capital gains tax on home sales ThinkCareBelieve's article also shows MAHA wins such as, artificial colors being removed from ice cream, Welch's Fruit Snacks, PepsiCo with Lay's and Tostitos- and thanks to President Trump, Coca-Cola will use real cane sugar again. The article has Secretary Kennedy's withdrawal from the WHO's International Health Regulations and the FDA's warning that the drug 7-OH is NOT to be used as a food additive. The article has numerous investigations such as the autopen, Epstein, Schiff, the Bill Gates Genocide and Crimes Against Humanity in the Netherlands and a $250 Million Minnesota COVID scam. The article has Border Czar Tom Homan's announcement that arrests and deportations will increase with Homeland Security Secretary Noem stating that there are 5 more prisons like Alligator Alcatraz being planned with more in the works. Ice Director Todd Lyons stating that delegitimizing ICE's work by some Legislative Representatives is wrong because ICE is taking down criminal operations, with criminal search warrants signed by judges. They are arresting criminals for human trafficking, drug trafficking, forced labor and child trafficking. The criminal gang and cartel member illegal aliens that DHS is removing are murderers, r*pists and p*dophiles, "the worst of the worst." The article also shows that in their work making America safer, ICE Law Enforcement Officers now faces an 830% increase in assaults. The article shows that despite that, CBP announced 0 border crossings in the past 2 months and 1 million self-deportations are occurring. The article also shows that according to Stephen Miller, 150,000 criminal illegal aliens have been arrested under President Trump. The article covers the 7/16/2025 Congressional Hearing on NGOs and the border and the over 300,000 Missing Children that came through President Biden's open southern border and placed with unvetted sponsors and now cannot be found with former employees of HHS and DHS to testify about what happened on how NGOs gained huge profits at the expense of children. Representatives Biggs (AZ), Crane (AZ), Strong (AL), Brecheen (OK), Ogles (TN), Biggs (SC), Mackenzie (PA), Knott (NC), spoke in support of finding the missing children and accountability for what has happened to them. Representative Clay Higgins is to be commended for speaking out strongly and announcinga that they are interviewing the children to find out exactly what has happened, because a case is being built for prosecution. The article has the signing of the Genius Act which will make the U.S. the Crypto Capitol of the World updating to new payment rails with a revolutionary new payment system with clear rules and guidelines. ThinkCareBelieve's article also covers the AI and Energy Roundtable where 20 leading companies committed billions to building AI infrastructure for manufacturing, construction and engineering in Pennsylvania, with commitments to train a million small businesses in AI. The article also has the meetings with the Crown Prince of Bahrain and the Secretary General of NATO. President Trump presented the beautiful FIFA Trophy at the FIFA Cup Finals and the significant signing of the Halt Fentanyl Act with Angel Families of those who have passed from Fentanyl poisoning. This week we marked the one year Anniversary of one of the greatest miracles America has experienced, where President Trump was saved, by the split-second turning of his head, many believing at the Hand of God in divine intervention, to save his life and lead America to greatness. May America be Blessed as One Nation Under God and may President Trump be Blessed also for a long, long time. is an outlook. ThinkCareBelieve's mission for Peace advocacy facilitates positive outcomes and expanded possibilities. To achieve Peace, we will find the commonalities between diverse groups and bring the focus on common needs, working together toward shared goals. Activism is an important aspect of ThinkCareBelieve, because public participation and awareness to issues needing exposure to light leads to justice. Improved transparency in government can lead to changes in policy and procedure resulting in more fluid communication between the public and the government that serves them. America needs hope right now, and Americans need to be more involved in their government. ### CONTACT: CONTACT: Joanne COMPANY: ThinkCareBelieve EMAIL: joanne@ WEB: 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Bloomberg
an hour ago
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Japan's Voters Head to Polls With Ishiba's Premiership at Stake
Japan's voters will deliver a verdict on Prime Minister Shigeru Ishiba's 10 months in office on Sunday, in an upper house election that takes place amid simmering discontent over inflation and unresolved negotiations with the US on tariffs. The ruling Liberal Democratic Party and its junior coalition partner Komeito are battling the opposition for 125 spots in the 248-member chamber. Ishiba is aiming to win 50 of those seats to retain an overall majority, a goal that would still mean the coalition losing as many as 16 seats.
