President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
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President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
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The Federal Reserve unanimously raised interest rates by a quarter point despite repeated calls from President Donald Trump for lower rates.
This live blog is now closed. Sign up for the US Breaking News email US Federal Reserve raises interest rates for the first time since 2023 Reader Q&A: how united are the Democrats ahead of the US midterms? Later…
The Bank of England kept rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs put pressure on prices. Grouped from 10 articles across 6 sources.
Rates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut. Grouped from 6 articles across 5 sources.
There is no doubt over the outcome of this vote, but for the Kremlin they are still an important moment.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.