4 h. ago Federal Reserve keeps interest rate unchanged, sees slower growth, slightly higher inflation ahead

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts

Economics

17 h. ago Stock market today: Asian shares are mixed after Wall Street falls back ahead of Fed rate decision

Asian shares are mixed ahead of a decision on interest rates by the U.S. Federal Reserve

Politics

30 h. ago FTSE 100 gains as US markets slump ahead of interest rate decisions

The Bank of England and the Federal Reserve are expected to hold interest rates at their respective decisions later this week.

Economics

61 h. ago 'Stagflation' risk puts Federal Reserve in tricky spot as it meets this week

The Federal Reserve and its chair, Jerome Powell, are potentially headed to a tough spot as it prepares to meet Tuesday and Wednesday

Events

3 d. ago Fear of a tariff ‘Trumpcession’ puts pressure on Bank and Fed over interest rates

A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do?Monetary policymakers on both sides of the Atlantic will be considering how seriously to take Donald Trump’s threats of an all-out trade war as they give their verdict on the path of interest rates this week.The Federal Reserve, the US ­central bank, will examine the prospect of a “Trumpcession” brought on by tariffs that send import costs rocketing and convince consumers, already shellshocked from the cost of living crisis, to stop spending. Continue reading...

Politics

1 week ago Trump establishes federal cryptocurrency reserve as markets for digital currency slump: Live updates

President’s bitcoin order follows decision to suspend 25 percent tariff hike on Mexican and Canadian goods

Politics

1 week ago U.S. economy likely generated a solid 160,000 jobs last month, but Trump's trade wars cloud outlook

The U.S. labor market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants

Politics

1 week ago Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going

Politics

2 w. ago Leonard Peltier remains defiant in AP interview, maintaining innocence and vowing continued activism

More than 50 years after a shootout on the Pine Ridge Indian Reservation landed him in federal prison, Leonard Peltier remains defiant

Politics

2 w. ago U.S. economy expanded at 2.3% annual pace from October to December, unchanged from initial estimate

The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth

Politics

3 w. ago Global shares are mixed as worries about Donald Trump's tariffs persist

Stocks were mixed in Asia on Thursday, with Chinese benchmarks falling after the central bank left the country's benchmark lending rate unchanged. Hong Kong fell more than 1%

Politics

4 w. ago Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts

Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged

Politics

4 w. ago Nigel Farage says Tories ‘not on the right in any measurable way’ and calls Labour government ‘miserable’ – UK politics live

Leader of Reform UK criticises Conservatives and ‘declinist’ Labour government in new attacksGood morning, defence secretary John Healey has finished speaking, so I can take a quick pause and actually welcome you to our rolling coverage of UK politics for Tuesday. Here are the headlines Defence secretary John Healey has announced what he described as the most significant defence reform for 50 years, in which reporting lines and budgets will be simplified, and a new “quad” of four senior leaders reporting directly to the minister appointedHealy said there were extraordinary people in the UK’s defence forces, but too often they were hampered by process, and there was a lack of direct accountability. He suggested his changes might bring about up to £10bn in savings to the taxpayer over the next decadeTransport secretary Heidi Alexander has said the UK should not rule out sending troops to Ukraine as part of any future peacekeeping forceThe rate of UK unemployment remained unchanged at ...

Politics

4 w. ago Europe’s population crisis: see how your country compares – visualised

How anti-immigration politics across the EU clashes with demographic realityThe rise of the far-right could speed up the population decline of Europe, projections show, creating economic shocks including slower growth and soaring costs from pensions and elderly care.Anti-immigration politics is on the rise across the EU, as shown by the gains made by far-right parties in the 2024 elections. Meanwhile, the anti-immigration Alternative für Deutschland (AfD) is polling second in the run-up to the German federal election this month. Continue reading...

Events

last month Fed official: Need ‘dust to clear’ before deciding next moves

Austan Goolsbee, president of the Federal Reserve's Chicago branch, talks with The Associated Press about inflation, the job market and when rate cuts could resume

Politics