Fed, Interest rates
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The S&P 500 and Nasdaq are also pointing higher before the market opens. Treasury yields and Bitcoin are rising.
John Hancock Preferred Income Fund III's heavy leverage and focus on investment-grade borrowers present risks in a high-interest-rate environment. See why HPS is a Hold.
The Bank also forecast a significant slowing of the US economy hit by its own tariffs. The Bank also said the impact of the National Insurance was "fairly small to date". The Bank of England has cut interest rates from 4.5% to 4.25%. We'll bring you more on this shortly, including the breakdown of how the Bank's committee voted. Stay with us.