With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
Trending News
2 days, 18 hours ago

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold

Associated Press  

LONDON — The Bank of England kept its main U.K. interest rate unchanged at 4.50% on Thursday even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The decision by the nine-member Monetary Policy Committee was widely expected, and comes a day after the U.S. Federal Reserve also kept interest rates unchanged. The rate-setting panel has reduced the Bank of England’s main rate from a 16-year high of 5.25% by a quarter of a percentage on three occasions since last August, most recently in February, after inflation fell from the multi-decade highs of over 10% reached in the wake of the sharp spike in energy prices following Russia’s full-blown invasion of Ukraine in early 2022. “We still think that interest rates are on a gradually declining path, but we’ve held them at 4.5% today.” If policymakers continue to pursue their recent gradual approach, then another cut is likely in May, when they will be armed with the bank’s latest economic projections and Bank Gov. Bailey said rate-setters will be “looking very closely at how the global and domestic economies are evolving” and that whatever happens, “it’s our job to make sure that inflation stays low and stable.” The U.S. Federal Reserve, which kept borrowing rates unchanged Wednesday, also expressed uncertainty about the near-term economic outlook, particularly in light of U.S. President Donald Trump’s tariff policies, which economists worry would lower global growth and lead to an uptick in prices.

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Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news
Trending News
2 days, 18 hours ago

Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news

Hindustan Times  

LONDON — The Bank of England is set to keep U.K. interest rates unchanged Thursday even though the economy is barely growing and set for further uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. Bank of England set to keep main UK rate unchanged at 4.50% despite gloomy economic news The nine-member …

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
2 days, 21 hours ago

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Hindu  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Powell acknowledged that the Fed initially thought inflation coming out of the pandemic would be temporary, which led it to delay raising rates to combat higher prices. "We’re going to …

Fed projections show economy radically changed by Trump’s election
3 days ago

Fed projections show economy radically changed by Trump’s election

Live Mint  

The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head. “We now have inflation coming in from an exogenous source, but the underlying inflationary picture before that was basically 2½% inflation, 2% …

Bank of England Poised to Take a Hawkish Tilt: Decision Guide
3 days ago

Bank of England Poised to Take a Hawkish Tilt: Decision Guide

Live Mint  

-- The Bank of England is likely to turn less dovish on Thursday as officials start to fret about the fallout from Donald Trump’s tariff wars and a renewed bout of domestic inflation. Rate-setters added “careful” to the language to reflect the uncertainty created by Trump’s aggressive trade policies, which threaten both slower growth and higher inflation. Bailey has said …

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
3 days, 5 hours ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
3 days, 21 hours ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
4 days, 1 hour ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
4 days, 1 hour ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

US Fed likely to keep rates steady as Trump uncertainty flares
6 days, 14 hours ago

US Fed likely to keep rates steady as Trump uncertainty flares

Raw Story  

The US Federal Reserve is widely expected to keep interest rates unchanged at its policy meeting this week, treading carefully amid uncertainty over President Donald Trump's economic policies, which include spending cuts and sweeping tariffs. "Recent Fed commentary has reinforced a wait-and-see approach, with officials signaling little urgency to adjust policy as they assess the economic impact of recent policy …

US consumer price growth slows in February, but Trump tariffs expected to boost inflation in coming months
1 week, 3 days ago

US consumer price growth slows in February, but Trump tariffs expected to boost inflation in coming months

Hindustan Times  

U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against the backdrop of aggressive tariffs on imports that are expected to raise the costs of most goods in the months ahead. The consumer price index rose 0.2% last month after accelerating 0.5% in January, the Labor Department's Bureau of Labor Statistics said on Wednesday. …

Powell says Fed marking time to see economic impact of Trump policies
Trending News
2 weeks ago

Powell says Fed marking time to see economic impact of Trump policies

Live Mint  

March 7 - The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said at an economic forum in New York City on Friday. MARKET REACTION: STOCKS: The S&P 500 pared a loss and …

Fed Chair Powell says interest rates on hold with economic uncertainty widespread
2 weeks, 1 day ago

Fed Chair Powell says interest rates on hold with economic uncertainty widespread

Associated Press  

NEW YORK — The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump’s policies to resolve, Chair Jerome Powell said Friday at a conference in New York. Powell said the Trump administration is making policy changes in several areas, including trade, taxes, government …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
2 weeks, 2 days ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. Factoring in Trump’s uncertainty Fed policymakers manage uncertainty by trying to predict the different ways the economy could evolve in the coming months, based on economic models using a vast array of data. “I’d …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
Trending News
2 weeks, 2 days ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. America’s souring economic mood comes at a time when the US economy has shown early signs of slowing, but also of stubbornly elevated inflation — a toxic combination sometimes referred to as stagflation. Factoring …

European Central Bank cuts interest rates as chief Christine Lagarde warns of 'huge uncertainty'
2 weeks, 2 days ago

European Central Bank cuts interest rates as chief Christine Lagarde warns of 'huge uncertainty'

Firstpost  

The central bank for the 20 countries that use the euro has pivoted from hiking rates to tackle inflation, which surged with Russia’s invasion of Ukraine, to lowering them to boost the eurozone’s floundering economy ECB President Christine Lagarde acknowledged that big changes were underway in Europe. Source: AFP European Central Bank chief Christine Lagarde warned Thursday the eurozone faces …

Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war
2 weeks, 3 days ago

Interest rate cuts might not be 'rapid' due to 'sticky' inflation, Bank of England chiefs warn as they highlight 'substantial' risks from Trump's trade war

Daily Mail  

Bank of England chiefs today warned of a dual threat from sticky inflation and Donald Trump's trade war. Giving evidence to MPs, the Bank's chief economist Huw Pill warned interest rates might not fall as fast as hopes because there is still 'more work to do' to tackle price pressures. Meanwhile, Governor Andrew Bailey told the Treasury Select Committee there …

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut
2 weeks, 5 days ago

Inflation eases to 2.4% in Europe, supporting likely central bank rate cut

Associated Press  

FRANKFURT, Germany — Inflation in Europe eased to an annual 2.4% in February, supporting the case for another interest rate cut from the European Central Bank - but leaving open how far the central bank will go in lowering borrowing costs for an economy that’s still struggling to show robust growth. The February figure for the 20 countries that use …

Inflation could hit 4% this year: Would that stop the Bank of England cutting interest rates?
1 month ago

Inflation could hit 4% this year: Would that stop the Bank of England cutting interest rates?

Daily Mail  

Inflation could hit 4 per cent this year if the Bank of England's forecasts only slightly exceed expectations. While inflation is expected to fall back to the 2 per cent target, Bank of England policy makers know all too well that forecasts could be proved wrong. The MPC sets interest rates to try to keep consumer prices inflation at the …

RBA’s Bullock Alert to Signs Job Market Shows Stronger Economy
1 month ago

RBA’s Bullock Alert to Signs Job Market Shows Stronger Economy

Live Mint  

Australia’s central bank is closely monitoring the state of the labor market as persistent tightness may signal a stronger underlying impulse in the economy, adding that policymakers aren’t “pre-committed” to any path for interest rates. “While the strong employment growth is good news for jobseekers, we are alert to the possibility that it is signaling a bit more strength in …

US Fed Meeting Minutes: Officials signal caution on interest rate amid inflation concerns
Trending News
1 month ago

US Fed Meeting Minutes: Officials signal caution on interest rate amid inflation concerns

Live Mint  

US Federal Reserve officials remain cautious about adjusting interest rates, emphasizing the need for further progress on inflation before making any changes, minutes from the Federal Open Market Committee’s January 28-29 meeting showed, according to a Bloomberg report. “Participants indicated that, provided the economy remained near maximum employment, they would want to see further progress on inflation before making additional …

Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts
1 month ago

Federal Reserve officials see risks of higher inflation ahead, support pause in rate cuts

Associated Press  

WASHINGTON — 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. According to minutes of the Jan. 28-29 meeting, which were released Wednesday, Fed officials said that President Donald Trump’s proposed tariffs and mass deportations of migrants, as well as strong consumer spending, …

UK inflation spikes to a 10-month high, likely to worry the Bank of England
1 month ago

UK inflation spikes to a 10-month high, likely to worry the Bank of England

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the U.K. rose …

UK inflation spikes to a 10-month high, likely to worry the Bank of England
1 month ago

UK inflation spikes to a 10-month high, likely to worry the Bank of England

Associated Press  

LONDON — Inflation in the U.K. rose to a 10-month high in January, official figures showed Wednesday, an increase that will likely diminish expectations of rapid interest rate reductions from the Bank of England. The spike, which took inflation further above the bank’s target of 2%, was largely due to increases in airfares, food casts and private school fees in …

Fed’s Harker supports steady interest rate policy stance for now
1 month ago

Fed’s Harker supports steady interest rate policy stance for now

Live Mint  

By Michael S. Derby NEW YORK, Feb 17 - Federal Reserve Bank of Philadelphia President Patrick Harker sounded an upbeat note on the state of the U.S. economy on Monday, and said he saw no reason to change interest rate policy right now as the central bank continued to work to lower inflation levels. Inflation remains elevated but appears on …

Markets scale back US Fed rate cut bets for 2025 amid inflation uncertainty
1 month, 1 week ago

Markets scale back US Fed rate cut bets for 2025 amid inflation uncertainty

Live Mint  

Market expectations of multiple rate cuts from the US Federal Reserve this year have weakened after US consumer prices rose more than expected in January, increasing the likelihood that the central bank will keep interest rates higher for longer. Policymakers are closely watching White House trade policy, with President Donald Trump pushing aggressive tariffs that also could boost prices and …

Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Trending News
1 month, 1 week ago

Powell says Trump’s comments won’t affect interest rate decisions by the Fed

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. !” Yet Powell indicated during a press conference last month that the Fed, after cutting its key rate three times late last year, would hold off on further cuts as it waited …

US inflation tops forecasts, dimming chances for Federal Reserve rate cuts
1 month, 1 week ago

US inflation tops forecasts, dimming chances for Federal Reserve rate cuts

Hindustan Times  

Underlying US inflation last month rose by the most since March, diminishing chances the Federal Reserve will lower interest rates anytime soon. The so-called core consumer price index — which excludes food and energy costs — increased 0.4% in January after a 0.2% advance in December, Bureau of Labor Statistics figures showed Wednesday. Wednesday’s report serves as further evidence that …

U.S. inflation fight to take time in 'highly uncertain' environment: Fed official
1 month, 1 week ago

U.S. inflation fight to take time in 'highly uncertain' environment: Fed official

Raw Story  

The U.S. Federal Reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior US central bank official said Tuesday. "From where we are now, a number of signs indicate that inflation will continue to move toward our two percent longer-run goal," added Williams, a permanent voting …

Powell says Fed doesn’t need to rush on rate cuts
1 month, 1 week ago

Powell says Fed doesn’t need to rush on rate cuts

Live Mint  

WASHINGTON—Federal Reserve Chair Jerome Powell delivered a simple message to Congress to start two days of testimony on Tuesday: Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates. Powell defended last year’s rate cuts as a needed recalibration of its policy stance to account for improvement on inflation …

‘US Fed ‘well positioned’ for risks amid Trump tariffs’: Jerome Powell reiterates ‘go-slow’ approach on rate cuts
1 month, 1 week ago

‘US Fed ‘well positioned’ for risks amid Trump tariffs’: Jerome Powell reiterates ‘go-slow’ approach on rate cuts

Live Mint  

US Federal Reserve Chair Jerome Powell reaffirmed the central bank’s cautious stance on interest rates during his testimony before Congress on Tuesday, stating that inflation remains elevated while the job market remains strong. Higher interest rates could prolong elevated mortgage rates and borrowing costs, though long-term Treasury yields, which influence mortgage rates, move independently of Fed decisions. Impact of Trump …

Powell says Fed is ‘well positioned’ for the ‘risks and uncertainties’ ahead
1 month, 1 week ago

Powell says Fed is ‘well positioned’ for the ‘risks and uncertainties’ ahead

LA Times  

Federal Reserve Chair Jerome H. Powell, shown at a news conference in January, told lawmakers Tuesday that the Fed is prepared to keep its key interest rate unchanged for now. Powell’s appearance comes with inflation still above the Fed’s 2% target and the Trump administration upending many longtime U.S. policies by imposing tariffs on steel and aluminum and seeking to …

Bank of England policymakers
Trending News
1 month, 2 weeks ago

Bank of England policymakers

Live Mint  

LONDON, Feb 6 - The Bank of England cut interest rates on Thursday as it halved its growth outlook for this year and said a jump in inflation will prove temporary. Here's what Bank of England officials said in a press conference following that decision: BANK OF ENGLAND GOVERNOR ANDREW BAILEY On Inflation and future rate moves: "We expect to …

Bank of England CUTS interest rates to 4.5% in boost for Brits amid fears over Labour's stalling economy... but could Trump's tariffs thwart hopes of more falls?
Top News
1 month, 2 weeks ago

Bank of England CUTS interest rates to 4.5% in boost for Brits amid fears over Labour's stalling economy... but could Trump's tariffs thwart hopes of more falls?

Daily Mail  

The Bank of England boosted Brits today by cutting interest rates amid fears over the stalling economy. The need to kickstart activity looks to have outweighed fears that Donald Trump's trade tariffs will put upwards pressure on inflation - something Threadneedle Street uses interest rates to counter. The Bank of England in London is pictured yesterday ahead of the base …

Relief for Brits with Bank of England set to cut interest rates TODAY to boost Labour's stalling economy - despite fears Trump trade war will fuel inflation
Trending News
1 month, 2 weeks ago

Relief for Brits with Bank of England set to cut interest rates TODAY to boost Labour's stalling economy - despite fears Trump trade war will fuel inflation

Daily Mail  

The Bank of England is poised to offer Brits some relief and boost the stalling economy today with a cut to interest rates. The need to kickstart activity looks set to outweigh fears that Donald Trump's trade tariffs will put upwards pressure on inflation - something Threadneedle Street uses interest rates to counter. The base rate rose as high as …

Bank of England halves UK growth projection and cuts main interest rate to 4.50%
1 month, 2 weeks ago

Bank of England halves UK growth projection and cuts main interest rate to 4.50%

Associated Press  

LONDON — The Bank of England halved its growth projection for the British economy this year as it cut its main interest rate Thursday for the third time in six months. In a statement, the bank’s nine-member Monetary Policy Committee lowered its main interest rate by a quarter of a percentage point to 4.50%, taking it to its lowest level …

Bank of England expected to cut key UK interest rate to 4.50%
1 month, 2 weeks ago

Bank of England expected to cut key UK interest rate to 4.50%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Bank of England is …

Bank of England expected to resume interest rate cuts
Trending News
1 month, 2 weeks ago

Bank of England expected to resume interest rate cuts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senior economists at the Bank of England will announce …

Bank of England could cut interest rates four times as Donald Trump's tariffs bite
1 month, 2 weeks ago

Bank of England could cut interest rates four times as Donald Trump's tariffs bite

Daily Mail  

The Bank of England could cut interest rates more aggressively as Donald Trump’s tariff policies fuel fears of a global downturn. Rate-setters are all but certain to announce a cut from 4.75 per cent to 4.5 per cent at the next Monetary Policy Committee meeting on Thursday. The President warned that the European Union could be next in the firing …

In not following the Fed, the BOE is set to be one of the herd
1 month, 2 weeks ago

In not following the Fed, the BOE is set to be one of the herd

Live Mint  

The BOE looks set to do something it hasn’t often done in the past: diverging from the Federal Reserve. Investors expect the U.K.’s central bank to lower borrowing costs for a third time Thursday, and signal that it is likely to cut again. Last week, the Bank of Canada and the European Central Bank announced rate cuts hours before and …

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts
1 month, 2 weeks ago

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Senior economists at the Bank of England will meet …

ECB to look past Trump risk and push on with rate cuts
1 month, 3 weeks ago

ECB to look past Trump risk and push on with rate cuts

Raw Story  

by Sam Reeves Despite U.S. President Donald Trump's saber-rattling, the European Central Bank is set to press on with interest rate cuts Thursday as officials increasingly voice confidence that the fight against inflation is on track. "We are confident of seeing inflation at target in the course" of this year, President Christine Lagarde said in an interview with US broadcaster …

Federal Reserve keeps interest rates unchanged in unanimous decision
Trending News
1 month, 3 weeks ago

Federal Reserve keeps interest rates unchanged in unanimous decision

Deccan Chronicle  

The US Federal Reserve has decided to maintain its key interest rate unchanged, holding the target range for the federal funds rate at 4.25 per cent to 4.5 per cent.The decision comes as the central bank assesses the current state of the US economy, which remains strong despite some inflationary pressures.Chair Jerome Powell, addressing the press after the Federal Open …

‘Terrible job’: US President Donald Trump blasts Fed’s handling of inflation after unchanged interest rates decision
Trending News
1 month, 3 weeks ago

‘Terrible job’: US President Donald Trump blasts Fed’s handling of inflation after unchanged interest rates decision

Live Mint  

US President Donald Trump sharply criticised the Federal Reserve's approach to bank regulation, accusing Chair Jay Powell of mishandling the battle against inflation. In a bold statement, US President Trump outlined his plans to tackle inflation and revitalise the American economy, criticising the Federal Reserve's handling of the situation. He emphasised that, unlike the Fed’s focus on what he termed …

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well
1 month, 3 weeks ago

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well

CNN  

New York CNN — The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates. “But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow …

Fed leaves rates unchanged, sees no hurry to cut again
Trending News
1 month, 3 weeks ago

Fed leaves rates unchanged, sees no hurry to cut again

Live Mint  

* US central bank leaves policy rate in 4.25%-4.50% range * Officials still waiting for clarity on Trump policies * 'We do not need to be in a hurry,' Powell says By Howard Schneider, Michael S. Derby WASHINGTON, Jan 29 - The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would …

How Federal Reserve's interest rate pause will impact regular American wallets
1 month, 3 weeks ago

How Federal Reserve's interest rate pause will impact regular American wallets

Hindustan Times  

Borrowers hoping for more financial relief from the Federal Reserve may need to wait longer, as the central bank is expected to pause additional rate cuts at its January 29 meeting. Federal Reserve officials held interest rates steady, pausing to assess the inflation outlook following a string of rate reductions last year. How Fed's interest rate pause affects borrowers “Anyone …

US Federal Reserve keeps interest rates unchanged, says decision was ‘unanimous’
Trending News
1 month, 3 weeks ago

US Federal Reserve keeps interest rates unchanged, says decision was ‘unanimous’

Hindustan Times  

The US Federal Reserve on Wednesday decided to keep the interest rate cuts unchanged in its first major decision under President Donald Trump's second term. The Fed Reserve said that the interest rate will remain unchanged in the 4.25-4.50% range, noting that inflation remains "somewhat elevated, and economic outlook is uncertain". The Fed statement does not include the language that …

Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump
1 month, 3 weeks ago

Fed hold rates steady, sees inflation as ‘elevated,’ as Powell declines comment on Trump

Associated Press  

WASHINGTON — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue. In a statement, the Fed said the job market is “solid,” and noted …

Fed pauses interest rate cuts. What happens next may depend on Trump
1 month, 3 weeks ago

Fed pauses interest rate cuts. What happens next may depend on Trump

LA Times  

President Trump nominated Jerome Powell to be the Fed chair in 2017 but frequently criticized him for not lowering interest rates in Trump’s first term. After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over the outlook for inflation and President Trump’s continued threats of new …

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