2 h. ago Federal Reserve cuts US interest rates for first time since December

Central bank moves to set rates at range between 4 and 4.25% but decision unlikely to satisfy Donald TrumpThe US Federal Reserve cut interest rates on Wednesday, its first rate cut since December, as the central bank moved to stabilize a wobbling labor market even as Donald Trump’s tariffs continue to push up prices.Rates are now at a range of 4% to 4.25% – the lowest since November 2022. But the decision is unlikely to satisfy Trump, who has lambasted the Fed for acting “too late” and called for a far bigger cut. Continue reading...

Politics

5 h. ago UK interest rates set to be held as inflation ‘uncomfortably high’

Interest rates are set to stay the same as inflation remains at its highest level since the beginning of 2024

Economics

7 h. ago UK interest rates set to be held at 4% as inflation ‘uncomfortably high’

Most economists are expecting the Bank of England to keep rates unchanged on Thursday.

Economics

55 h. ago US agrees commercial terms on TikTok sale, as Trump says China talks went ‘very well’ – business live

Rolling coverage of the latest economic and financial news, as Beijing escalates its inquiry into Nvidia over takeover of Mellanox Today’s warnings about higher food prices coming in the UK are likely to cause fresh worries about how long borrowers will have to wait until Bank of England policymakers vote for another cut, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown.Streeter adds:They are set to leave the base rate unchanged on Thursday and aren’t expected to make a move until next Spring.The Food and Drink Federation is forecasting food inflation could reach 5.7% by the end of December and still be running at 3.1% by the end of 2026. Higher employer and packaging taxes are being blamed for increasing costs for companies, which they can no longer absorb.“I’m delighted that we are on track to deliver yet another period of double-digit revenue growth and a strong profit performance, whilst maintaining our globally leading customer service standards.Our s...

Politics

59 h. ago First annual drop in UK house asking prices since January 2024

Rolling coverage of the latest economic and financial newsToday’s warnings about higher food prices coming in the UK are likely to cause fresh worries about how long borrowers will have to wait until Bank of England policymakers vote for another cut, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown.Streeter adds:They are set to leave the base rate unchanged on Thursday and aren’t expected to make a move until next Spring.The Food and Drink Federation is forecasting food inflation could reach 5.7% by the end of December and still be running at 3.1% by the end of 2026. Higher employer and packaging taxes are being blamed for increasing costs for companies, which they can no longer absorb.“I’m delighted that we are on track to deliver yet another period of double-digit revenue growth and a strong profit performance, whilst maintaining our globally leading customer service standards.Our strategy as set out at our full year results is working and we have an exc...

Politics

5 d. ago Trump asks appeals court to let him fire Lisa Cook before next week’s Fed meeting

US central bank set to make a pivotal decision on interest rates

Events

2 w. ago Key US inflation gauge holds mostly steady though core inflation ticks higher

The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased

Economics

4 w. ago How much could Tube fares rise in London off the back of spiking inflation rates?

Tube journeys from Zones 1-4 could increase by up to 30p next year as TfL fares are set to rise above inflation rates until 2030

Economics