Fed's Waller still open to cutting interest rates later this year
Federal Reserve Governor Christopher Waller said Sunday that interest rate cuts remain possible later this year even as the Trump administration’s tariff regime is likely to push up price pressures ...
Fed’s Waller sees path to multiple interest-rate cuts this year
The Federal Reserve will likely be able to lower interest rates this year, and recent data supports this outlook, Fed Governor Christopher Waller said.
Erdogan Backs Turkey Economy Plan But Repeats Distaste for Rates
Turkish President Recep Tayyip Erdogan reiterated his opposition to interest rates while endorsing the country’s orthodox economic program, which relies on high borrowing costs to curb inflation.
3 key money moves to consider while the Fed keeps interest rates higher
The Fed has indicated that interest rates aren't coming down just yet. Here's how to make the most of where we stand.
Gold holds firm as markets digest court roadblock on tariffs
Gold prices rose in volatile trading on Thursday, aided by softer jobs data, while market participants also digested a court ruling that blocked most of U.S. President Donald Trump's tariffs. Spot ...
Treasuries Climb as Signs of US Slowdown Back Bets for Fed Cuts
US Treasuries rose after data revealed the world’s top economy shrank at the start of the year, reinforcing bets the Federal Reserve will lower interest rates twice by early 2026.
South African rates in 'neutral zone' after latest cut, central bank deputy says
South Africa's central bank believes it has reached a "neutral zone" on interest rates after its latest cut and now needs government reforms to spark stronger economic growth, Reserve Bank officials ...
Inflation was slowing before tariffs, but the good news might not last. What’s next?
The favored U.S. inflation tracker of the Federal Reserve is expected to show little or no increase for the second month in a row, but the effort to get the cost of living under control might be far ...
Donald Trump Meets with Fed Chair Jerome Powell: What to Know
Federal Reserve Chair Jerome Powell met with President Donald Trump on Thursday at the White House "to discuss economic developments including for growth, employment, and inflation," the Fed board of ...
Powell meets with Trump as president bashes Fed over interest rates
President Trump met Thursday with Federal Reserve Chair Jerome Powell at the White House, amid ongoing criticism from the president over the central bank has opted to hold interest rates steady.
Trump Personally Told Fed Chair Powell It Was a Mistake to Not Lower Rates, White House Says
WASHINGTON (Reuters) - President Donald Trump told Federal Reserve Chair Jerome Powell in a private meeting on Thursday that he was making a "mistake" by not lowering key interest rates, White House ...
Trump Told Powell He Is Making a Mistake on Rates
President Trump told Federal Reserve Chair Jerome Powell he's making a mistake by not lowering interest rates, the White House said Thursday. The Federal Reserve said that Powell [met with Trump at th ...
Trump personally told Fed Chair Powell it was a mistake to not lower rates, White House says
President Donald Trump told Federal Reserve Chair Jerome Powell in a private meeting on Thursday that he was making a "mistake" by not lowering key interest rates, White House spokeswoman Karoline ...
Trump, in private meeting, tells Fed's Powell it's a mistake not to cut rates
U.S. President Donald Trump, in a private meeting at the White House on Thursday, told Federal Reserve Chair Jerome Powell that he was making a "mistake" by not lowering interest rates, delivering in ...
Trump meets Federal Reserve chief Jerome Powell, steps up call for US rate cuts
The president said in the meeting that keeping rates high was putting the US at an economic disadvantage to other countries, including China.
Trump Tells Powell He Is Making a Mistake by Not Cutting Interest Rates
President Trump told Federal Reserve Chair Jerome Powell he is making a mistake by not lowering interest rates, the White House said Thursday. The Fed said Powell met with Trump at the White House on ...
Powell tells Trump that Federal Reserve’s interest rate policy will depend on data and outlook
Jay Powell, the chair of the Federal Reserve, told Donald Trump that US monetary policy would be dictated solely by economic data and the outlook, as they held their first meeting of the president’s ...
New Zealand's interest rates in neutral zone, data to decide next move, central bank official says
New Zealand's interest rates are in the 2.5%-3.5% neutral band, with past policy easing yet to flow through to the economy to make future moves more dependent on how the economy evolves, a senior ...
Trump summons Fed's Jerome Powell, tells him he's making a mistake on rates
President Trump met with Fed Chair Powell, expressing his disagreement with the Fed's interest rate policy and urging rate cuts to gain an economic advantage over other countries. Powell emphasized ...
BoE's Taylor dismisses inflation concerns, renews call for lower rates, FT reports
Bank of England policymaker Alan Taylor dismissed inflation concerns and renewed his call for lower interest rates in Britain amid risks to economic growth due to U.S. President Donald Trump's trade ...
Turkey's Erdogan repeats opposition to interest rates, but says economic plan to continue
Turkish President Tayyip Erdogan on Friday vowed to continue his opposition to interest rates, while saying Ankara was determined to press on with its current economic programme until all of its goals ...
Fed will avoid rate cuts until sometime in 2026, BNP says
Uncertainty around tariffs and inflation will likely keep the Federal Reserve on hold until sometime in 2026 when it comes to interest-rate cuts, according to BNP Paribas. Investors appear reassured t ...
Brazil's central bank unlikely to cut rates before 2026, Itau says
Brazil's central bank is unlikely to have room to cut interest rates before next year, and even then the risk is tilted toward further delays, economists at Itau Unibanco , the country's largest ...
Stock Market News Today: Investors Await Nvidia Earnings; Nasdaq Opens Higher
Trump's tariffs continue to affect the global economy and markets. Follow for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Fed officials focused on higher inflation risks, minutes of May meeting show
Minutes of the Federal Reserve's meeting earlier this month seemed to emphasize the risk of higher inflation rather than higher unemployment. Federal Reserve officials seemed very concerned that ...
Fed staff sees a recession as a clear possibility, minutes of May meeting show
The staff of the Federal Reserve reported to the central bank's leadership that the risk of a recession was high, according to the minutes of the Fed's May 6-7 meeting. "The staff viewed the ...
Markets were unmoved by Fed minutes because 'it revealed nothing new'
"Markets didn’t blink upon the release of the \[Federal Open Market Committee\] minutes from their meeting three weeks ago, which came a week before the cooldown in the U.S./China tariff battle, ...
Dow on track to finish lower after Fed minutes point to inflation risk
Major U.S. stock indexes were headed mostly lower in Wednesday's final hour of trading after minutes of the Federal Reserve's May 6-7 meeting appeared to emphasize the risks of higher inflation. In an ...
Stocks end lower after Fed minutes point to rising upside risks on inflation
All three major U.S. stock indexes finished lower on Wednesday, led by an almost 245-point drop in the Dow Jones Industrial Average, after minutes of the Federal Reserve's May 6-7 meeting referred to ...
South Korea cuts policy interest rates as expected
South Korea's central bank cut interest rates for a fourth time in the current easing cycle on Thursday as Washington's attempts to reorder global trade fanned downside risks for economic growth and ...
RBI to cut rates by 25 bps on June 6, then once more in August - Reuters poll
The Reserve Bank of India will cut interest rates on June 6 for a third consecutive meeting and once more in August to support a weakened economy, according to a Reuters poll of economists whose ...
ECB to cut rates on June 5 but skip July as end of easing campaign nears
The European Central Bank will almost certainly cut interest rates on June 5, with a more than 70% majority of economists polled by Reuters expecting policymakers to pause for the first time in a year ...
Poland cuts household gas prices, raising chances of lower interest rates
Poland's energy market regulator has cut the gas prices that wholesaler PGNiG Obrot Detaliczny charges to households and vulnerable users including hospitals and schools by 14.8%, increasing the ...
US housing finance chief tells Powell to lower interest rates
The director of the Federal Housing Finance Agency (FHFA) took to social media Monday to tell Federal Reserve Chair Jerome Powell that it’s time to resume the central bank’s interest rate cuts.
Treasury Secretary Bessent has a plan to bring down long-term yields. But will it work?
U.S. Treasury Secretary Scott Bessent has an idea in mind that he says should help to bring down long-term Treasury yields, which act as a benchmark for interest rates. But one big question remains: ...
Nvidia Earnings, Fed Minutes, PCE Inflation: Still to Come This Week
Investors will eye a range of data and reports in the remainder of this week to see how the trade war is affecting the economy, household sentiment and policymakers' thinking. Key reports will include ...
Bank of Japan Posts Record Bond Loss as Interest Rates Rise
The BOJ has been gradually raising interest rates since last year, causing a rise in bond yields, which move inversely to prices. The yield on benchmark 10-year JGBs rose to 1.485% at the end of March ...
Minutes of Fed's May meeting likely to show officials grappling with uncertainty
The U.S. Federal Reserve at its May 6-7 meeting undercut expectations that it would change its policy interest rate anytime soon, and minutes from that session released on Wednesday may show just how ...
Will the Supreme Court save the Fed’s independence?
The Federal Reserve has emerged as the 800-pound gorilla in the legal fight over President Trump’s firings of agency leaders traditionally independent from the White House. The Supreme ...
US home buyers are most uncertain since 2023 as rates surge, BofA survey shows
U.S. homeowners and prospective buyers are feeling the most uncertain about the real estate market since 2023, a Bank of America survey showed on Wednesday, as rising mortgage rates deter buyers.
Stock Market Today: Investors Await Nvidia Earnings; Dow Futures Waver
Trump's tariffs continue to affect the global economy and markets. Follow for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Russian central bank warns of oil price risks as it defends high rates
Russia's central bank defended its tight monetary policy in a report on Wednesday, saying high rates had contributed to a slowdown in lending and fostered signs of disinflation, but pointed to low oil ...
Mortgage rates rose to the highest level since January, but demand from homebuyers still grew. Here's why.
Mortgage rates rose to the highest level since January last week, and mortgage demand from homebuyers still rose slightly. Here’s why.
ECB's Villeroy: normalisation of interest rates in euro zone probably not complete
The normalisation of interest rates in the euro zone is probably not complete, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Tuesday.
Fed's Kashkari calls for steady rates, awaits clarity on tariff impact
Federal Reserve Bank of Minnesota President Neel Kashkari on Tuesday called for keeping interest rates steady until there is more clarity on how higher tariffs affect inflation, warning against ...
Chinese savers decry falling deposit rates but still won't spend more
After Chinese banks reduced deposit rates last week, Miro Chen launched a social media poll: "When interest rates fall, do you save or spend?" ...
Analysis-Chinese savers decry falling deposit rates but still won't spend more
BEIJING/SINGAPORE (Reuters) -After Chinese banks reduced deposit rates last week, Miro Chen launched a social media poll: "When interest rates fall, do you save or spend?" More than 80% of some 5,000 ...