24 h. ago Federal Reserve warns of rising economic risks as it holds rates steady

Policymakers say inflation and unemployment could increase as Donald Trump’s tariffs heighten uncertainty

Events

24 h. ago Federal Reserve warns of inflation and jobs risks amid Trump’s erratic trade strategy

Central bank says ‘uncertainty has increased’ as it opts to maintain benchmark interest rate for third time in a rowThe Federal Reserve kept interest rates on hold and called out growing dangers in the US economy amid Donald Trump’s erratic rollout of an aggressive trade strategy.Jerome Powell, the US central bank’s chair, cautioned that the president’s tariffs are likely to lift prices, weaken growth and increase unemployment if maintained. Continue reading...

Events

24 h. ago Federal Reserve holds rates steady as it warns of rising economic risks

Policymakers say inflation and unemployment could rise as Donald Trump’s tariffs heighten uncertainty

Events

3 d. ago Bank of England poised to cut rates as fears grow over impact of Trump tariffs

Markets suggest quarter-point reduction to 4.25% is almost certain but some economists say Bank must go furtherThe Bank of England is poised to cut interest rates on Thursday amid growing concerns over the hit to UK jobs and growth from Donald Trump’s increasingly erratic global trade war.In the Bank’s first intervention since the US president’s “liberation day” tariff policy announcement sent shock waves through the world economy, Threadneedle Street is expected to reduce its key base rate from the current level of 4.5%. Continue reading...

Politics

2 w. ago Fears of the economy tanking are now higher than they were at the height of the Covid pandemic

Dismal fund manager sentiment comes as Federal Reserve warns of increased inflation and slowing growth due to tariffs

Events

3 w. ago Trump tariffs put Fed’s jobs and inflation goals at risk, Powell says

US central bank chair says ‘without price stability, we cannot achieve long periods of strong labour market conditions’

Economics

3 w. ago Trump’s tariffs put Fed’s jobs and inflation goals at risk, says Powell

US central bank chair says ‘without price stability, we cannot achieve long periods of strong labour market conditions’

Economics