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,...
President Trump resumed his public dissatisfaction with Federal Reserve Chairman Jerome Powell after yesterday’s decision by the central bank not to lower the federal funds rate. In a posting on Truth Social, Trump declared, “Because Jay Powell and the Fed failed to...
The Bank of Canada announced a 25-basis point cut to its overnight rate to 3% while bringing an end to its quantitative tightening policy as the national economy grows stronger. The Canadian central bank also brought down its Bank Rate to 3.25% and the deposit rate at...
The Federal Reserve announced its third consecutive rate cut, with a 25-basis-point slice that brings the federal funds rate down to the range of 4.25% to 4.5%. The decision by the central bank’s policy making Federal Open Market Committee had one dissenter –...
Three major central banks have announced rate cuts for their respective economies. The European Central Bank (ECB) announced it was cutting rates by a quarter percentage point today, lowering its benchmark from 3.25% to 3%. “The disinflation process is well on track,”...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
