The Fed is about to run into an unstoppable force: Donald Trump
In its first key decision of President Donald Trump’s second term, the Federal Reserve is widely expected to hit pause on rate cuts Wednesday.
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Swedish central bank cuts policy rate to support weak economy
STOCKHOLM (Reuters) -Sweden's central bank cut its key policy rate to 2.25% from 2.50% as expected on Wednesday to boost sluggish economic growth and said its forecast for interest rates held though it stood ready to act if the outlook for prices and activity changed. The Riksbank has slashed rates over the last year nearly as fast as it hiked them when the global bout of inflation hit after the pandemic and Russia's invasion of Ukraine. At its meeting in December, the Riksbank had said it expected to cut only once more in this cycle, sometime in the first half of this year, but rate-setters have been concerned about sluggish growth.
Half of wealthy Gen Zers and millennials admit to ‘digital shoplifting,’ rationalizing it with inflation and influencer hacks
Customers are duping merchants into issuing refunds even if they receive and keep their products.
Fed likely to hold rates steady despite Trump call for cuts as it awaits tariff, immigration changes
President Donald Trump may want lower interest rates, but the Federal Reserve will almost certainly keep its benchmark interest rate unchanged at its two-day policy meeting that ends Wednesday. Trump said last week in Davos, Switzerland that he would bring down energy prices, then “demand” that the Fed lower borrowing costs. Later, when asked by reporters if he expected the Fed to listen to him, he said, “yes.”
The Pound’s Slump Adds to Inflation Headache at Bank of England
(Bloomberg) -- The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Guggenheim
Australia’s Cooling Inflation Opens Door to RBA Rate Cuts
(Bloomberg) -- Australia’s core inflation eased by more than expected in the final three months of 2024, opening the door to an interest-rate cut as soon as next month and sending the currency lower.Most Read from BloombergTrump's Federal Funding Pause Threatens State Financials NYC Subway’s Most Dangerous Stations Are on Lexington Ave. LineHousing Aid Uncertain After Trump’s Spending Freeze MemoTexas HOA Charged With Discrimination for Banning Section 8 RentersNewsom Enlists Magic Johnson, Gugg
Is Now the Time to Buy Bonds? Watch the White House, Not the Fed.
Benchmark Treasury yields have been climbing toward 5%, despite the central bank’s recent rate cutting.