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US rate cut means rates lowest for 40 years

The US Federal Reserve has cut interest rates by 0.5 per cent to 2 per cent, their lowest level for 40 years.

The cut, the 10th this year, means the cost of borrowing is now well below the rate of inflation, currently running at 2.6 per cent in the US.

The US Federal Reserve indicated that it would cut rates further if required.

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Childcare - thumbnail

Three questions for employers…

The Family and Childcare Trust’s annual survey has been widely reported in the media and the two headline figures were these: the average cost of a nursery place for a child under two has risen by 33 per cent since 2010; and the costs have risen by five per cent in a single year.

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