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£25 for a cookie? What the baffling luxury bakery boom tells us about
Britain
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Amid a cost of living crisis, pricey patisserie is all the rage – and not
just in London. Our reporter goes on a crawl to find out if a tart can
really b...
16 minutes ago
Seed Newsvine
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With one eye on escalating debt turmoil in Europe and another on a stubbornly high 9.1 percent U.S. unemployment rate, the Fed , whose policy panel meets next Tuesday and Wednesday, looks set to begin shifting the composition of its balance sheet to weight it more heavily with longer-term securities.
ReplyDeleteHaving taken short-term interest rates to near zero and bloated its balance sheet with bond purchases that topped $2 trillion, analysts say the U.S. central bank is looking for smaller-bore ways to increase its support, such as shifting its holdings away from shorter-term debt.