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2024-11-07 23:16:13| BBC News | Business | World Edition

The US central bank cuts interest rates, as its chairman vows to stay on the job.

Donald Trump's plans for tax cuts and tariffs raise questions about much further the Fed might cut.

Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.

A number of major firms have warned over the impact of higher National Insurance costs.

Despite the increase, the lender warns mortgage costs could remain "higher for longer" following the Budget.

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