Britain’s economy is driven by domestic factors more than global ones right now, the governor of the Bank of England said on Thursday, when the central bank cut interest rates.
Category: Interest Rates
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Weak Jobs Report Raises Chances of a September Interest Rate Cut
The Federal Reserve held rates steady in July but two governors dissented, saying they had concerns about labor market fragility.
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Fed Dissenters Defend Call for July Rate Cut as Trump Intensifies Attacks on Powell
The central bank this week kept interest rates steady for a fifth-straight meeting, prompting the first double dissent from members of the powerful Board of Governors since 1993.
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Key Inflation Measure Rose in June, Adding to Pressure on Fed
The price index was the latest indication that President Trump’s tariffs are beginning to show up in consumer prices.
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Trump’s Fight With the Fed Won’t End With Rate Cuts
President Trump wants the Fed to slash borrowing costs, but the central bank is unlikely to take such aggressive steps even once it begins to lower interest rates.
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Fed Keeps Rates Steady Despite Internal Divisions and Political Pressure
The central bank kept interest rates steady for a fifth straight meeting, despite badgering from President Trump. It has “made no decisions” on cutting rates at its next meeting, the Fed chair said.
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What the Fed’s Rate Decision Means for Loans, Credit Cards, Mortgages and More
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
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U.S. Economy Grew in Second Quarter as Tariffs Scrambled Data
Gross domestic product rebounded in the spring after contracting at the start of the year, but consumer spending remained weak.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.
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What to Watch at the Federal Reserve’s July Meeting
The U.S. central bank is widely expected to hold interest rates steady for a fifth straight meeting despite badgering from President Trump to lower borrowing costs.
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Powell Under Siege as Fed Plans to Stand Pat on Rate Cuts
Jerome H. Powell, the Federal Reserve chair, is facing relentless attacks from the president, a lively campaign to replace him and divisions in his own ranks over when to cut interest rates.