Dow finishes week in record territory following Fed's interest rate cut
Spurred on by the Federal Reserve Board's half-point cut in interest rates, the stock market closed out a buoyant week on ...
Dawn22h
Bank of England freezes rate after jumbo US cut
BoE governor says the central bank needed “to be careful not to cut too fast or by too much” as UK inflation stays above its ...
Cycle lag effect: After the Fed's rate cut, RBI’s job gets tougher
The US Federal Reserve’s jumbo rate cut is aimed as a cushion for its economy, but impacts others too. Think of capital flows ...
Pound rockets to more than two-year high after BoE rate decision
Sterling soared to its highest level in two and a half years against the US dollar after the Bank of England held its ...
Diverging Central Bank Strategies: Fed, BoE, and BoJ Face Inflation and Market Risks
While the Fed cuts rates, the BoE stays cautious, and the BoJ holds steady. Discover how each central bank is tackling ...
Bank of England’s Mann warns of ’embedded’ UK inflation risk after decision to hold
Given uncertainty over the likely performance of the US economy and the Fed’s response, Mann suggested that the Bank needed ...
Jumbo. This week in central banking
In June, the FOMC only forecast one quarter-point cut by year end. That was blown away just a few months later, and now the ...
Hawkish market surprises from Norges Bank and Bank of England
In Japan, the Bank of Japan (BoJ) kept its uncollateralized overnight call rate unchanged at 0.25% this morning. In its ...
World Street | S&P 500 at record high, China, BoE keep interest rates steady, and more
Some of the top global developments include US markets ending higher overnight after Fed's 50 bps rate cut booster, followed ...
Not just Fed, but central banks of these countries also tinkered with rate cuts this week
The US Federal Reserve cut interest rates by 50 basis points, causing global markets to surge. Central banks in Brazil, Indonesia, Japan, Turkey, and England also adjusted their rates. Brazil raised ...
Public sector pay deals risk keeping ‘mortgage costs higher for longer’
Bank of England official says big wage increases could prolong inflation and cause further misery for homeowners ...
Irish Independent on MSN23h
Sterling hits two-year high as Bank of England leaves key interest rate unchanged
The pound rose to its highest level in more than two years against the US dollar after the Bank of England (BoE) held interest rates steady and said it will not rush to ease policy. The BoE’s Monetary ...