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Is inflation cured? Fed’s giant rate cut turns focus to cooling job market
You might recall that in March 2022, the Fed began a battle against four-decades-high inflation with pricier financing.
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The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...
Bank of England holds Bank Rate steady at 5%, urging sustainable path to target inflation
The Bank of England on Thursday held interest rates steady, saying it most work to reach its goal of 2% inflation in a ...
Bank of England decision: Key interest rate maintained at 5% with one voter dissenting
From the decision: "There has generally been limited news in UK economic indicators relative to the Committee’s expectations in the August Monetary Policy Report. Headline GDP growth is expected to ...