Page 2 - Rate Reductions News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Mohamed El-Erian still expects Federal Reserve officials to cut interest rates twice this year, even as a blockbuster jobs report pushes traders to rethink the timing. Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionBiggest Quake in 140 Years Rattles NYC, Disrupts Air TrafficZimbabwe Replaces Battered Dollar With New Gold-Backed Currency Called ZiGSaudi Crown Prince MBS’s $100 Billion Foreign Investment Quest FaltersGiving Up China Is Hard,

The tax cuts are a continuation of a pandemic-era push to provide tax relief to workers amid revenue surpluses.

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Mortgage lenders are gearing up to cut rates further in January as falling inflation raises hopes that the Bank Rate will come down faster than expected next year.

Barclays Bank has reduced rates by up to 57bps across a range of its residential mortgages.  These changes reduce the cost of both its purchase and remortgage products, and include rate reductions to its highest LTV bands, where home-buyers are looking to borrow 85% to 95% LTV.  The new rates will be effective from