Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year
WASHINGTON (AP) — Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year.
WASHINGTON (AP) — Federal Reserve keeps key rate unchanged and still foresees 3 rate cuts this year.
(Bloomberg) -- There’s mounting uncertainty about when and by how much Justin Trudeau’s government will be able to reduce the number of temporary residents in Canada, muddying a key input for fiscal and monetary policymakers.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Trains Hit By Sabotage Hours Before Olympics Kick OffHarris Just Showed Why Trump Is So Afraid of HerTrump Won’t Commit to Debate Until Harris Formally NominatedGreat Rotation Trade
MOSCOW (AP) — Russia’s Central Bank on Friday raised its key lending rate to its highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow's military action in Ukraine.
The Bank of Canada emphasized that the national economy is slowing in announcing its decision to lower ...
MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by 200 basis points to 18% on Friday, the highest level in more than two years, and vowed to continue tightening until inflation rates in an overheated economy come down. The Bank of Russia raised rates to 20% in an emergency move soon after the Kremlin sent Russian troops into Ukraine in February 2022. "For inflation to begin decreasing again, monetary policy needs to be tightened further," the bank said in a statement.
The Bank of Canada is shifting its focus to boosting the economy rather than suppressing inflation, which raises prospects of further interest rate cuts in the coming months, analysts say. The Canadian central bank lowered its benchmark rate for a second straight month on Wednesday, cutting by 25 basis points to 4.50%. Investors are pricing in 44 basis points of easing in total by the end of the year, which implies a policy rate 6 basis points below previous expectations.
The Federal Reserve’s battle to get inflation under control likely faces fresh challenges should Donald Trump regain the White House, a dynamic that could put the U.S. central bank back in the former Republican president's crosshairs. A wide range of economists see Trump's tariff agenda, coupled with aims to deport millions of undocumented workers and the likelihood of expanded deficits, reigniting price pressures that are now easing and likely driving the Fed to react with more restrictive monetary policy than is now penciled in. Forecasters predict Trump's plan to impose 10%-across-the-board tariffs on imported goods - and even higher rates on Chinese products - would generate a one-time surge in inflation, while deportations would drive up wages for remaining workers, adding to the pressure.
TORONTO — Losses in industrial and base metal stocks dragged Canada's main stock index lower Wednesday, while markets in the U.S. slid.
(Bloomberg) -- Singapore’s central bank kept its monetary policy settings unchanged for a fifth straight time in a widely anticipated move and reiterated that inflation will cool to about 2% in 2025, opening the window slightly for easing to begin next year.Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Trains Hit By Sabotage Hours Before Olympics Kick OffHarris Just Showed Why Trump Is So Afraid of HerFed’s Favored Price Gauge Rises at Mild Pace, S
(Bloomberg) -- Bank of Japan Governor Kazuo Ueda is setting a personal record for the length of silence before a policy meeting, making rate decisions even harder to predict and adding to volatility in the financial markets. Most Read from BloombergTrump Risks Losing Voters He Needs With Loaded Attacks on HarrisParis Sticks to Olympics Opening Event Plans After Rail SabotageHarris Just Showed Why Trump Is So Afraid of HerFed’s Favored Price Gauge Rises at Mild Pace, Spending Holds UpGreat Rotati
Millions of Canadian households are receiving a small measure of relief, as the Bank of Canada has dropped its key interest rate to 4.5 per cent. Mackenzie Gray explains what's behind the rate cut, what it means for homeowners now, and the new worries both they and the central bank have for the future.
Ana Navarro, a long-time co-host of The View, posted on her Instagram Thursday an old photo of nude Melania Trump as a way to troll her husband’s supporters, saying: “You wanna go low? ... I’ll happily go 20,000 leagues under the sea.”It was a picture from 2000 featured in British GQ, five years before Donald Trump married her.Navarro also included a picture of both Trumps partying with Jeffrey Epstein and Ghislaine Maxwell, also from 2000. Her explanation for posting these images was that it wa
FBI Director Christopher Wray revealed during a marathon testimony on Wednesday that investigators still do not know if former President Donald Trump was grazed by a bullet or a piece of shrapnel during his attempted assassination.Twice during the hours-long session, Wray told lawmakers that the FBI was still working to determine what exactly struck the former president on his right ear during a rally in Butler, Pennsylvania. “My understanding is that either it [a bullet] or some shrapnel is wha
Donald Trump ditched his ear bandage for his meeting with Israeli Prime Minister Benjamin Netanyahu on Friday. The former president’s right ear returned to public life after being injured during the assassination attempt on the former president on July 13.The former president’s large bandage became an impromptu fashion statement during the Republican National Convention with some attendees donning DIY wound dressings. Following the convention, Trump swapped out his bulky white gauze for a thin n
After all the political tumult of the last month, Thursday’s latest New York Times/Siena College poll is full of findings unlike any we’ve seen this cycle, with one exception: who leads the presidential race. The poll found Donald Trump ahead of Kamala Harris by 1 percentage point, 48% to 47%, among likely voters. Other than the name of the Democratic candidate, “Trump +1” is a result that could have been from any other Times/Siena poll before President Joe Biden’s disastrous debate. Sign up for
"Something about the question mark after 'old and quite weird' is taking me out."
“What happened to ‘any time, any place’?”
The GQ spread appeared in 2000
The "Late Show" host mocked the former president over one curious claim.
Kamala Harris’ campaign trolled Donald Trump after his appearance on Fox News Thursday morning with a statement attacking his age and criminal conviction.The Republican gave his two-cents to Fox & Friends on a range of issues over the course of a roughly 30-minute interview, variously describing President Joe Biden as a “problemmed man” and slamming Harris as “real garbage.” Harris for President quickly hit back, releasing a: “Statement on a 78-Year-Old Criminal’s Fox News Appearance.”“After wat
The former president brought it up twice during a rally in North Carolina.