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China Unexpectedly Cuts Interest Rate as World Markets Sag
Posted inChina Economic Conditions and Trends Interest Rates People's Bank of China Renminbi (Currency) Stocks and Bonds

China Unexpectedly Cuts Interest Rate as World Markets Sag

The central bank lowered a key rate in its latest effort to steady China’s economy, as Asian stock markets followed Wall Street down.
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Posted by By Keith Bradsher
E.C.B. Leaves Rates Unchanged but Keeps Door Open for September
Posted inBanking and Financial Institutions European Central Bank Eurozone Inflation (Economics) Interest Rates Lagarde, Christine

E.C.B. Leaves Rates Unchanged but Keeps Door Open for September

The central bank left its key deposit rate at 3.75 percent as inflation in the eurozone is expected to fluctuate throughout the rest of the year.
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Posted by By Eshe Nelson
The Fed Under Trump 2.0
Posted inFederal Reserve System Inflation (Economics) Interest Rates internal-storyline-no Powell, Jerome H Trump, Donald J US Dollar (Currency) Vance, J D

The Fed Under Trump 2.0

Donald Trump says he will not fire Jay Powell as chairman of the central bank if he is re-elected president, after threatening to do so. But whether the president even has the authority is open to question.
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Posted by By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler
U.K. Inflation Steady as Economists Puzzle Over ‘Taylor Swift Effects’
Posted inBank of England Economic Conditions and Trends Inflation (Economics) Interest Rates Prices (Fares, Fees and Rates) Wages and Salaries

U.K. Inflation Steady as Economists Puzzle Over ‘Taylor Swift Effects’

Consumer prices rose 2 percent in June from a year earlier, a bit higher than economists expected, with a big jump in hotel prices coinciding with a blockbuster series of concerts.
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Posted by By Eshe Nelson

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