Bank of England holds UK interest rates at 5%
Getty ImagesThe Bank of England has said it should be able to cut interest rates “gradually over time” as it decided to hold borrowing costs…
US Fed cuts rates by larger than usual half-percentage point | Inflation News
Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this yearThe United States Federal Reserve has…
Federal Reserve expected to cut interest rates for first time since 2020
Jerome Powell, chairman of the Federal Reserve testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7, 2024. The Fed Board meets…
ECB Is Poised to Cut Rates Again in Warm-Up Act for the Fed
Breadcrumb Trail LinksPMN BusinessThe European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as…
Bank of Canada cuts rates, indicates bigger cut possible | Inflation News
Wednesday marked the third consecutive cut, with the central bank citing continued easing in broad inflationary pressures.The Bank of Canada (BoC) has trimmed its key…
‘Don’t be sorry, smile’ and ‘staggering rise’ in child anxiety rates
Many papers lead with tributes to former England men's football manager Sven-Goran Eriksson, who has died at the age of 76. “Don’t be sorry, smile…it’s…
US Fed’s Powell says ‘time has come’ to lower interest rates | Inflation News
Fast rise in prices led the Fed to increase its benchmark policy rate from near zero to the highest range in a quarter of a century.United…
Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Breadcrumb Trail LinksPMNPMN BusinessAuthor of the article:The Associated PressChristopher RugaberPublished Aug 20, 2024 • 4 minute read You can save this article by registering for…
US inflation slows in July, clearing way for a cut in interest rates | Inflation News
Year-over-year inflation has reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades…
Fed leaves interest rates unchanged as inflation substantially eases
Fed Chair Jerome Powell said Wednesday the Fed decided to leave interest rates unchanged. He said during a press conference that Inflation has eased substantially…
How a perfect storm sent church insurance rates skyrocketing
Breadcrumb Trail LinksPMNPMN BusinessAuthor of the article:The Associated PressBob SmietanaPublished Jul 23, 2024 • 8 minute read You can save this article by registering for…
Bank of Canada Set to Cut Rates Again to Preserve Soft Landing
Breadcrumb Trail LinksPMN BusinessThe Bank of Canada is likely to cut interest rates for a second straight meeting as it aims to steer clear of…
Insurers hike rates as extreme storms like Beryl proliferate, bringing forecasts for fatter profits
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated PressDamian J. TroisePublished Jul 11, 2024 • 2 minute read You can save this article by registering…
Jerome Powell suggests to Congress that Fed will hold on interest rates for now
Jerome Powell, chairman of the Federal Reserve, testifies at the Senate Banking, Housing, and Urban Affairs hearing on March 7. He told the committee on…
UK interest rates should remain on hold this summer, warns BOE official
The UK's jobs market is currently too strong to start cutting interest rates, says BOE Monetary Policy Committee member Jonathan Haskell. ADVERTISEMENTIn the first public…
Economists say BoC could cut interest rates again in July if inflation keeps cooling
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Canadian Press Nojoud Al MalleesPublished Jun 23, 2024 • 3 minute read You can save this article by…
Top 10 cheapest European cities for car rentals disclosed: Valetta, Malta offers best rates
A study of 2,000 motorists found that 12% leave it to the day before or day of travel to book their vehicle, but if you…
US stock market hits new record ahead of interest rates decision | Financial Markets
S&P 500 gains 0.3 percent ahead of US Federal Reserve’s latest decision on interest rates. The US stock market has hit record highs ahead of…
Brit tourists facing rock-bottom exchange rates as euro drops to TWO-YEAR low against pound – how to get the best deal
POLITICAL chaos in France saw the Euro plummet against the Pound last night - in good news for Brits jetting to the continent for summer…
Stock market today: Asian shares track Wall Street’s slide on worries over interest rates
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated Press Elaine KurtenbachPublished May 24, 2024 • 3 minute read You can save this article by registering…