Bank Of England Freezes Interest Rate At 16-year High
The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns.
US Fed Expected To Keep Rates On Hold And Debate Timing Of Cuts
The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.
Stock markets waver before central bank rate decisions
Stock markets wavered on Monday as traders looked ahead to interest-rate decisions this week from the US Federal Reserve and the Bank of England.
Global stocks mostly fall ahead of central bank gathering
Wall Street stocks fell Thursday as markets braced themselves ahead of a major speech by Federal Reserve Chair Jerome Powell as a rally fueled by artificial intelligence star Nvidia fizzled.
Stock markets jump as US inflation cools
Stock markets bounced on Wednesday as data showed US inflation cooled more than expected in June, raising hopes that the Federal Reserve will soon end its cycle of interest rate hikes.
US Fed Set To Raise Interest Rates As Recession Fears Mount
US Fed set to raise interest rates as recession fears mount
Rate hikes: a double-edged sword for central banks
While higher rates aim to tame runaway inflation by slowing economic activity, they can cause a recession if borrowing costs become too steep for businesses and individuals.
Markets looking for clarity but tuning out Fed message
In the battle to contain red-hot inflation, which topped nine percent in June, the Fed has hiked rates four times
Fearful Wall Street awaits Fed's next moves on inflation
The Fed is the world's most influential central bank, and its policies have implications for lending globally.
Global stocks mixed as Chinese economic growth slows
The US Federal Reserve is expected to begin paring its stimulus before the end of the year.
No fear of inflation 'runaway train': IMF chief
BOE governor Andrew Bailey said central bankers face a "very difficult balancing act"
US economy almost ready for less stimulus, Fed official says
Atlanta Federal Reserve Bank President Raphael Bostic warned that higher inflation could persist.
Stocks track US rout as rally hits roadblock, second virus wave appears
The optimism on trading floors was shattered when Federal Reserve boss Jerome Powell signalled the world's top economy would take some time to bounce back.
Asian markets tumble again after virus sparks Wall Street collapse
There is a broad consensus that the disease, which has wiped trillions off market valuations, will cause a global recession.
Global banks take crisis measures as virus death toll surges
After the COVID-19 pandemic began in China, Europe has emerged as the biggest flashpoint and the death toll on the continent surged over the weekend.
IMF calls for 'substantial' stimulus, coordination against virus
The rising concern about the global economy has been reflected in the continued collapse of global stock markets.
US economy faces long-lasting damage from trade war: Fed official
The trade picture is "somewhat better" heading into 2020.
Global stock markets weighed down by virus fears
After powering to a record close Tuesday, traders fearing the virus could spread and harm the global economy, sent Wall Street into the red.
Wall Street inches to records as global recovery continues
Cautious comments on the fallout from the virus by US Federal Reserve Chairman Jerome Powell added to the sense of calm.
Interest rates 'well positioned' for growth: US Fed's Powell
Weakening global growth and President Donald Trump's trade wars together hit US exports.
US Federal Reserve to lift interest rates Wednesday: IBT Poll
The U.S. economy is humming along, with second-quarter growth rate at 4.2 percent.
Robust US jobs report scuppers Brexit deal rally for the pound
The British currency spiked intraday on London-Brussels announcement but slid as the greenback rose.
Markets welcome nomination of Jerome Powell as Federal Reserve chair
US President Donald Trump announced Powell, 64, as his pick to lead the Fed on 2 November in place of current chair Janet Yellen.
Donald Trump to name Jerome Powell as US Federal Reserve chairman
Ahead of formal confirmation, reports say the President has picked the serving Fed board member to succeed Janet Yellen at the US central bank.
US consumer spending registers strongest monthly gain in 8 years
Surge led by strong sales of autos and other durable goods, according to official data.
Pound rallies against dollar and euro on leaked EU document
Confidential document suggests trade talks between London and Brussels could begin soon despite claims that Brexit negotiations were deadlocked.
US Federal Reserve's new direction and what it means for the dollar's valuation
An interest rate hike that looked increasingly unlikely in December is both back on the table and gaining support.
Pound recovers as Britain's public sector spending falls to 10-year low
Sterling had fallen overnight against the US dollar following Federal Reserve decision to hike interest rates.
Fed's Yellen: US opioid abuse related to decline in labour force participation
The central bank chief noted that the US has seen a rise in its death rate.
The end of easy money: Central bankers spark fears among investors
Central banks in the US, UK and Europe signalled they might end the loose monetary policy that has injected trillions of dollars into their economies.