4 d. ago Fed official says he could back jumbo rate cut if US economy weakens sharply

Central bank governor says August jobs report will be pivotal in setting direction of monetary policy

Politics

1 week ago Fed chair Jerome Powell signals interest rate cuts amid Trump attacks

Jerome Powell – who Trump has urged to resign – addressed ‘challenging’ dichotomy of economic risks, including tariffsThe Federal Reserve is gearing up to resume cuts to interest rates, its chair, Jerome Powell has signaled, as he warned Donald Trump’s tariffs and immigration crackdown had roiled the global economy and hit the US workforce.For months, Powell has ignored demands from the president to cut interest rates and defied the US president’s calls to resign. But as Trump ramps up his extraordinary attack on the Fed’s independence, Powell suggested on Friday that Fed officials are considering a rate cut. Continue reading...

Politics

1 week ago ‘On another level’: crypto industry hosts rival gathering in Jackson Hole

Fed governors and SEC officials join executives at event ahead of central bankers’ annual gathering

Politics

2 w. ago Top Fed official signals uncertainty over September rate cut

Hawkish tone from Austan Goolsbee contrasts with market expectations for reduction next month

Politics

3 w. ago Interest rates LIVE: Bank of England set to make major cut as economy struggles

Interest rates are set to be slashed to 4% this afternoon, marking the fifth cut since last August - and taking the cost of borrowing to its lowest level in more than two years

Economics

3 w. ago Bank of England set to cut interest rates TODAY in bid to boost sluggish UK economy

Experts think the Bank's Monetary Policy Committee (MPC) will reduce the base rate by 0.25 percentage points to 4 per cent at lunchtime.

Economics