Fed Rate Cut Doubt Growing; UK Income Tax Hike Plan Ditched By Reeves | The Pulse 11/14 скачать в хорошем качестве

Fed Rate Cut Doubt Growing; UK Income Tax Hike Plan Ditched By Reeves | The Pulse 11/14

Minneapolis Fed President Neel Kashkari said he didn’t support the US central bank’s last interest-rate cut, though he’s still undecided on the best course of action for its December policy meeting. “The anecdotal evidence and the data we got just implied to me underlying resilience in economic activity, more than I had expected,” Kashkari said Thursday in an interview with Bloomberg News. That, he said, argued for a pause to rate cuts at the Fed’s October meeting. Kashkari joins a slew of Fed officials who have in recent days expressed skepticism over the need for another cut in December, or outright opposed one. Sources tell Bloomberg UK Chancellor of the Exchequer Rachel Reeves has been able to drop plans to raise income taxes because she received an improved fiscal forecast from the UK’s budget watchdog. The latest update from the Office for Budget Responsibility moved in a significantly more favorable direction due to the strength of government receipts and stronger wage performance, the people said, asking not to be named discussing sensitive matters. A fiscal hole predicted to be as wide as £35 billion is in fact now closer to £20 billion, sources said. Major tax rises are still expected to fill the remaining hole in the public finances, they added. "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. --- "The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops. Chapters: 00:00:00 - The Pulse 00:02:09 - Reeves drops plans to raise income tax rates amid Labour unease 00:05:18 - Mohit Kumar, Jefferies Chief Europe Economist 00:09:14 - Fed doubts grow over december rate cut 00:15:51 - Ana Botin, Banco Santander Executive Chair 00:16:46 - Kyriakos Pierrakakis, Greek Finance Minister 00:25:11 - Friday headlines 00:25:40 - Latest UK fiscal forecast puts gap at £20B: Reports 00:26:51 - Richemont sales climb on stronger demand from US, China 00:31:37 - Citi CEO Jane Fraser on US labor market 00:34:06 - Jackie Ineke, Spring Investments CIO 00:41:29 - Franklin Templeton CEO Jenny Johnson on "Leaders with Francine Lacqua" 00:43:13 - Richard Moore: Life in the intelligence shadows 00:45:49 - Friday top stories 00:47:04 - Reeves U-Turns on Tax Raises Because of Better UK Forecasts -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts