The Federal Reserve enacted its first rate cut since December with a quarter-percentage point lowering the target range for the federal funds rate to 4% to 4.25%. The vote by the central bank’s Federal Open Market Committee was nearly unanimous. The only dissent was...
President Trump’s efforts to cajole, coerce and bully the Federal Reserve into lowering rates came to naught as the central bank opted to maintain the target range for the federal funds rate at 4.25% to 4.50%. Today’ vote marked the fifth straight meeting to end...
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...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
