The Bank of Canada announced it was maintaining the target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. “While some elements of US trade policy have started to become more concrete in recent weeks, trade negotiations are...
The European Central Bank (ECB) has cut three of its interest rate categories by 25 basis points. In a press statement, the ECB’s Governing Council announcing the reduction of the interest rates on the deposit facility, the main refinancing operations and the marginal...
President Trump and Federal Reserve Chairman Jerome Powell talked past each other this morning, with the president demanding interest rate cuts in the wake of a vibrant economy while the central bank leader warned the economy was in danger of fraying following the new...
The Bank of England has followed the lead of the Federal Reserve by holding rates steady. The UK central bank’s Monetary Policy Committee (MPC) 8–1 to maintain the Bank Rate at 4.5%, with one dissenter seeking a 0.25 percentage point cut. In announcing its decision,...
The Federal Reserve will not be cutting rates this month. The central bank’s policy making Federal Open Market Committee announced in a statement that it would “maintain the target range for the federal funds rate at 4.25% to 4.5%.” In making its announcement, the Fed...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
