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

8 d. ago Asian shares track Wall Street's rally after Powell hints at rate cuts

Asian shares have tracked Wall Street's rally after the head of the Federal Reserve hinted that cuts to interest rates may be on the way

Politics

1 week ago Trump gives meandering answer about the Fed after Powell hints at rate cut the president has long wanted

The Federal Reserve chairman’s remarks come as Trump has long demanded an interest rate cuts

Politics

1 week ago Powell says ‘shifting’ economic risks strengthen case for Fed rate cut

Central bank chair warns of ‘challenging situation’ with tariffs pushing up inflation and jobs market cooling

Economics

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 US Fed’s Powell signals possible rate cut in Jackson Hole speech – business live

Chair of the Federal Reserve says US economy is facing ‘challenging situation’ as inflation risks persist and job market coolsUnions are raising concerns about the threat of TikTok layoffs, warning it would put millions of British TikTok users at risk.John Chadfield of the Communication Workers Union (CWU) said:TikTok workers have long been sounding the alarm over the real-world costs of cutting human moderation teams in favour of hastily developed, immature AI alternatives.This has been a constant concern throughout the process of TikTok workers’ effort to form a union. Continue reading...

Politics

1 week ago Powell says ‘shifting’ economic risks heighten case for Fed rate cut

Central bank chair warns of ‘challenging situation’ with tariffs pushing up inflation and jobs market cooling

Economics

1 week ago National intelligence director strips security clearances from 37 current and former national security officials – US politics live

Tulsi Gabbard accuses officials, some of whom worked on intelligence community’s assessment of Russian interference in 2016 election, of ‘politicizing intelligence’President Donald Trump said on Tuesday that Federal Reserve Chair Jerome Powell is “hurting” the housing industry “very badly” and repeated his call for a big cut to US interest rates.“Could somebody please inform Jerome “Too Late” Powell that he is hurting the Housing Industry, very badly? People can’t get a Mortgage because of him. There is no Inflation, and every sign is pointing to a major Rate Cut,” Trump wrote on Truth Social. Continue reading...

Politics

1 week ago UK inflation rises by more than expected to 3.8% amid higher food prices

Annual July rate all but rules out possibility of a further Bank of England interest rate cut this yearBusiness live – latest updatesInflation rose again last month, to a higher than expected 3.8%, amid higher food and fuel prices, adding to fears that the Bank of England will delay further interest rate cuts.Figures showed the annual rate as measured by the consumer price index (CPI) climbed from June’s 3.6% reading, sitting above the central bank’s 2% target for the 10th consecutive month. Continue reading...

Economics

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 I'm shocked by the sneaky trick the banks are pulling... you must act NOW to rescue your hard

Savings providers were quick off the mark to cut interest rates following last week's Bank of England base rate cut from 4.25pc to 4pc. Within hours of the announcement, top rates disappeared.

Events

3 w. ago Bank of England rate: mortgage relief as Bank of England cuts rate to 4%

Homeowners could see welcome savings on repayments, but savers may need to act fast 📉

Economics

3 w. ago Interest rate cut a step in the right direction but Sir Keir must do more

Our international reputation has been enhanced over the last year and Labour needs to keep focused on the economy.

Politics

3 w. ago Bank interest rates slashed despite Brits' food bills reaching £100 per week

The Bank of England's interest rate cut decision could add around £290 to the average family's annual food bill

Economics

3 w. ago What the Bank of England interest rate cut to 4% means for your mortgage and savings

We explain what the Bank of England's decision to cut rates means for your money - and whether rates will be cut again soon.

Economics

3 w. ago Voices: How the cut in interest rates might come back and bite us all

The flagging UK economy will get a badly needed boost from the Bank of England’s third rate cut of the year – but, says James Moore, given an unexpected jump in inflation, there could now be several unintended consequences

Politics

3 w. ago What the Bank of England interest rate cut means for your mortgage and money

The average homeowner on a tracker mortgage will see a nearly £29 reduction in their monthly payments

Economics

3 w. ago What the latest interest rates change means for your mortgage, savings and bills

The base rate has been cut by the Bank of England to 4.00 per cent

Economics

3 w. ago Average tracker mortgage borrower set to see £29 fall in monthly payments

The Bank of England base rate was cut from 4.25% to 4% on Thursday, reducing costs for some mortgage borrowers.

Economics

3 w. ago Brits with at least £500 in the bank urged to take action with their money now

Savers across the UK are being urged to move their money now, before the latest Bank of England interest rate cut, to avoid missing out on free cash in the long term

Economics