Interest Rates

The ECB cut interest rates eight times between June 2024 and June 2025, taking the deposit rate to 2.0% currently. Eurozone money markets only fully price in one more rate cut this year and not until ...

A group of White House officials are set to visit the Federal Reserve on Thursday amid escalating criticism of chairman Jerome Powell over renovations to the central bank’s headquarters.

You had Scott Bessant on the wire this morning, says that saying that he doesn't see a case for the Fed chair to step down at this moment. But I mean, we know which way the wind is blowing when it comes to the whims of this administration.

Former Commerce Secretary Wilbur Ross believes that President Donald Trump attempting to unseat Federal Reserve Chair Jerome Powell would result in a lengthy legal battle and few benefits for the ...

President Donald Trump criticizes Federal Reserve Chair Jerome Powell's building renovations and reiterates that Powell should lower interest rates. Trump said Powell is "probably" keeping rates high for political reasons.

Trumpworld was roiled momentarily on Monday after a fake resignation letter purportedly penned by Federal Reserve Chairman Jerome Powell started to make the rounds of high-profile MAGA social ...

Capital One Financial reported a rise in second-quarter adjusted profit on Tuesday, as the consumer lender was helped by a boost in interest income on its credit card debt and higher fee income.

The Federal Reserve held a first-of-its-kind conference Tuesday to meet the banks they help regulate. The event was the creation of the Fed’s new top regulatory official, Michelle Bowman, and her ...

Japan’s automakers have begun hiking loan rates as a historic central bank pivot to unwind three decades of ultra-loose monetary policy trickles down to consumers, raising household credit costs.

Interest rates will remain in a holding pattern until late fall, at least, as inflation concerns balance fears of an economic slowdown.

Sri Lanka's central bank held its benchmark interest rate steady at 7.75% on Wednesday, pausing after May's surprise cut, to monitor the impact of U.S. tariffs on its economy and the transmission of ...

Former Commerce Secretary Wilbur Ross believes that President Donald Trump attempting to unseat Federal Reserve Chair Jerome Powell would result in a lengthy legal battle and few benefits for the ...

The Bank of Japan will raise its key interest rate by at least 25 basis points by year-end, a majority of economists said in a Reuters poll, although that could be swayed by global trade tensions and ...

The Bank of Japan will raise its key interest rate by at least 25 basis points by year-end, a majority of economists said in a Reuters poll, although that could be swayed by global trade tensions and ...

US Treasury Secretary Scott Bessent has called for an inquiry into the “entire Federal Reserve institution”, in the latest sign of how top Trump administration officials are cranking up pressure on ...

It’s just six months into President Trump’s second term, and speculation is swirling about the fate of his Federal Reserve chairman, Jerome Powell. Headlines pulse with the drama of his impending ...

Australia's central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of easing in a cautious and gradual manner, a reason that it shocked ...

The Reserve Bank minutes reveal the board was buying time as it shocked the market by holding off on a rate cut at its July meeting.

Foreign appetite for Indian government bonds is back, with inflows picking up steadily over the last month, as investors gauge fresh expectations of a rate cut by the Reserve Bank of India as early as ...

One of the biggest factors influencing current CD rates is the federal-funds rate. As the Federal Reserve began cutting its benchmark rate toward the end of 2024, CD rates fell in response. However, ...

Synchrony Financial on Monday reported a 52% jump in second-quarter profit, as the consumer lender set aside less money to cover potential defaults and elevated rates boosted its interest income.

Federal Reserve Chair Jerome Powell on Tuesday didn't comment on the outlook for the economy or interest rates. In his brief remarks at the start of a conference at the central bank on large bank ...

There is no need for U.S. Federal Reserve Chair Jerome Powell to immediately step down, Treasury Secretary Scott Bessent said on Tuesday, adding that the Fed chief's legacy should be to right-size the central bank's non-monetary policy functions.

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down.

Republican Representative Anna Paulina Luna has asked the Department of Justice to consider investigating and prosecuting Federal Reserve Chair Jerome Powell for allegedly lying under oath in testimony before a congressional committee.

Republican U.S. Representative Anna Paulina Luna made good on her threat last week to refer Federal Reserve Chairman Jerome Powell to the Justice Department, Fox News reported on Monday, amid U.S. President Donald Trump's ongoing complaints about the Fed chair.

The move comes amid ongoing pressure from President Trump and his allies, who continue to call for Jerome Powell's removal.

Treasury Secretary Scott Bessent said Tuesday that embattled Federal Reserve Chair Jerome Powell should finish out his term if he wants. “If he wants to see that through, I think he should. If he wants to leave early,

China kept its benchmark lending rates steady on Monday as the country continues to grapple with weak consumer sentiment and softening growth. The People's Bank of China held the 1-year loan prime ...

China kept benchmark lending rates unchanged on Monday, as forecast, after it reported slightly better-than-expected second-quarter economic data.

As the central bank’s former vice-chairman, Richard Clarida has first-hand insights into the politics and communication challenges it faces in an age of Trump.

Top CD rates today. The best CD yield from a national bank is Northern Bank Direct, with a 4.45% APY on a nine-month CD with a $500 minimum deposit requirement. The best local ban ...

U.S. Treasury Secretary Scott Bessent on Monday said the entire Federal Reserve needed to be examined as an institution and whether it had been successful.

Trump wants to replace Jerome Powell with a Fed chair who will do what he wants. But that still may not produce the steep cuts Wall Street is counting on.

In a CNBC interview, Treasury Secretary Scott Bessent suggested for a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall ...

In a CNBC interview, Treasury Secretary Scott Bessent suggested for a review of the Federal Reserve that would go beyond the current controversy over building renovations and look at its overall ...

Treasury Secretary Scott Bessent told the president in recent days that ousting Federal Reserve Chair Jerome Powell entailed possible risks to the economy and potential legal and political obstacles.

Star Sports political betting analyst William Kedjanyi told Newsweek: "Donald Trump has been harassing Jerome Powell, chair of the Federal Reserve, for months and months over interest rates. Trump ...

One of the chief reasons the Federal Reserve should cut interest rates now, a top central banker argues, is because the economy has gotten weaker and is likely to stay weak for the rest of the year.

The higher yields found in the bond market provide a bigger buffer against volatility compared with a few years ago — and greater potential for upside than downside as interest rates change, according ...

Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s preference for the Federal Reserve’s interest-rate setting would trigger a surge in expectations for inflation, driving ...

Federal Reserve Bank of San Francisco President Mary Daly said she still thinks it’s reasonable for policymakers to plan on two interest-rate cuts this year, emphasizing that the central bank should ...

The freewheeling style of Bill Pulte, the head of mortgage giants Fannie Mae and Freddie Mac—and known to some as “Little Trump”—is landing the wrong way with some industry and administration officials.

A Federal Reserve governor seen as a candidate to succeed Chair Jerome Powell laid out his strongest case yet for a rate cut this month, aligning himself with President Trump's demands that the ...

Federal Reserve Governor Christopher Waller said on Thursday he continues to believe that the U.S. central bank should cut its interest rate target at the end of the month amid mounting risks to the ...

President Donald Trump has once again spooked markets by raising the prospect of prematurely replacing the chair of the Federal Reserve with someone who would more readily cut the ...

Federal Reserve Governor Christopher Waller said on Thursday he continues to believe the U.S. central bank should cut interest rates at the end of this month amid mounting risks to the economy and the ...

Politicians around the world have a habit of running big budget deficits to spend money on voters today by borrowing money from voters in the future.

Regional lender Huntington Bancshares on Friday raised its annual interest income forecast, betting on robust loan growth and lower deposit costs.