Bank of England Cuts Interest Rates, but Signals Stickier Inflation
The central bank said future cuts would be gradual amid higher inflation forecasts after the new government introduced spending and tax increases in its budget.
Jerome Powell Announces Interest Rate Cut After Inflation Cools
The Federal Reserve cut its benchmark interest rate by a quarter-point to between 4.5 and 4.75 percent on Thursday.
Interest rate cut - but budget means inflation will rise, Bank says
The Bank of England has attributed expected inflation rises to policies announced in Chancellor Rachel Reeves's October budget.
Why has the Bank of England cut the interest rate and what does it mean for mortgages and inflation?
Why has the Bank of England cut the interest rate and what does it mean for mortgages and inflation? - A lowering of the base rate to 5% suggests mortgage costs have peaked and inflation is coming und
Bank of England cuts rates but sees higher inflation after Reeves' budget
LONDON, Nov 7 (Reuters) - The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely to be gradual, seeing higher inflation and growth after the new government's first budget.
The Fed cuts interest rates -- but Trump's election could make things trickier
The Federal Reserve cut interest rates by a quarter percentage point. How much further rates fall could depend on how President-elect Trump approaches his second term.
US cuts interest rates despite fears of Trump inflation rise
Fed chief Jerome Powell brushed off questions about the impact of the president-elect's plans, saying: 'We don't guess, we don't speculate, and we don't assume.'
Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.
USA TODAY on MSN1d
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Billionaire investor Stanley Druckenmiller says the Fed may have declared victory on inflation too early
"I'm a little worried that the Fed has declared victory too early," the billionaire investor said on a Norges Bank podcast.
Reuters on MSN2d
Bank of England cuts rates but sees higher inflation after Reeves's budget
LONDON, Nov 7 (Reuters) - The Bank of England cut interest rates on Thursday for only the second time since 2020 and said ...
Channel NewsAsia Singapore43m
BOJ hopes to keep 2% inflation target while monitoring climate shock risks
The Bank of Japan (BOJ) hopes to maintain its 2 per cent inflation target even if climate change causes long-term shocks to ...
Brazil’s Central Bank Raises Rates as Inflation Rebounds
Brazil’s central bank raised rates for the second time in a row as consumer prices get hotter.
The Associated Press - Business News on MSN2d
Bank of England cuts main interest rate by a quarter-point to 4.75% after UK inflation falls
The Bank of England has cut its main interest rate by a quarter of a percentage point after inflation across the U.K. fell ...
Federal Reserve cuts interest rates as Jay Powell says he will not resign as chair
The Federal Reserve cut its benchmark interest rate by a quarter point on Thursday as its chair Jay Powell hailed the strength of the US economy and said he would not resign if incoming president ...