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Pound Slides to Six Month Low as BOE Rate Hikes Grind to Halt

The pound slumped to a six-month low and gilts fell on worries the Bank of England is being too timid in its fight against inflation, setting the nation’s assets up for further losses.
US Jobless Claims Fall to 201,000, Lowest Level Since January

Applications for US unemployment benefits fell to the lowest level since January last week, indicating a healthy labor market that continues to support the economy.
Money Manager First Eagle Hires John Miller, Former Junk-Muni Titan at Nuveen

John Miller, who managed the municipal-bond market’s largest junk mutual fund at Nuveen until earlier this year, will join First Eagle Investments in January to build a muni department from the ground up.
Oil Retreats as Fed’s Rate Signal Eclipses Decline in Stockpiles

Oil erased an earlier decline after Russia said it would ban gasoline and diesel exports from Thursday.
- Investing
- News Wire
BOE to Shrink Balance Sheet £100 Billion, Stepping Up Quantitative Tightening

The Bank of England will step up the pace it’s unwinding its quantitative easing portfolio of bonds, reversing a vast stimulus program it deployed through the financial crisis and pandemic.

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