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Fed Poised for Rate Cut, Signals Limited Easing Ahead

                                                          US Federal Reserve Chair Jerome Powell The Federal Reserve is widely expected to cut interest rates at its upcoming meeting, marking a shift in monetary policy aimed at supporting economic growth amid cooling inflation and slowing demand. While markets have anticipated a series of reductions, policymakers appear cautious, with signals suggesting only one additional cut may be on the horizon for next year. This measured approach reflects the Fed’s balancing act: easing financial conditions to sustain momentum while avoiding overstimulation that could reignite price pressures. Investors are closely watching the central bank’s language for clues on the trajectory of borrowing costs, as households and businesses continue to navigate a delicate economic environment....

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Indigo Books & Music Inc. lays off staff as part of its strategic plan to return to profitability

 

Indigo Books & Music Inc. has laid off an unspecified number of staff as part of the retailer’s ongoing efforts to streamline its operations. The cuts stem from the company’s strategic plan meant to return the business to profitability. 

The company has seen several quarters of losses and a flurry of executive and board changes over the last year. Most recently, the company reported a net loss of $22.4 million in its second quarter, a period when founder and chief executive Heather Reisman retired and turned the business over to Peter Ruis. Ruis left the company abruptly in September, making way for Reisman to return.


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