Switzerland’s central bank enacted its second interest rate cut of the year while the Bank of England opted to hold rates at their current level. The Swiss National Bank slashed its key interest rate by 25 basis points to 1.25%. In March, Switzerland became the first...
The outgoing president of the Cleveland Federal Reserve welcomed this week’s data pointing to lower inflation readings but warned that the central bank has to “see that continue a bit longer” before it can consider cutting interest rates. In an interview...
The Bank of Canada reduced its main interest rate by 25 basis points to 4.75%, the central bank’s first rate cut in four years and the first rate cut this year enacted by a G7 nation. “With further and more sustained evidence underlying inflation is easing,...
Switzerland caught the world’s economic observers by surprise when its central bank opted to cut interest rates, a first for a major Western economic power. The Financial Times reported the Swiss National Bank cut its headline rate by 25 basis points to 1.5%. Thomas...
Federal Reserve Governor Christopher Waller said the U.S. economy was “within striking distance” of the central bank’s goal of a 2% inflation rate, but he cautioned against pushing for interest rate cuts until a lower inflation environment was sustainable....
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
