What happens for consumers when the government shuts down?
The US Capitol Christmas Tree is lit up ahead of the Christmas season on the West Lawn of the US Capitol Building in Washington DC., United States on December 3,…
PCE inflation November 2024:
Prices barely moved in November but still held higher than the Federal Reserve’s target when looked at from a year ago, according to a Commerce Department measure released Friday. The…
Russian central bank surprises markets by holding key rate at 21%
MOSCOW, Russia: The Russian central bank has cut its key interest rate by 300 basis points for a third time since its emergency hike in late February, citing cooling inflation…
Trump-backed bill to avert government shutdown fails
WASHINGTON — A House Republican bill to fund the government for three months and suspend the debt ceiling for two years failed Thursday night, as dozens of rank-and-file Republicans voted…
What to expect from global central banks in 2025 after Fed slows cuts
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the…
Powell says central bank to be ‘cautious’ on rate cuts
Consumers are feeling the effects of higher prices, not higher inflation, Powell says Powell thinks that consumers are feeling the effect of high prices, rather than of high inflation. “We…
New Zealand sinks into recession, more rate cuts coming
Buildings in Auckland, New Zealand, on Tuesday, Sept. 13, 2022. Photographer: Fiona Goodall/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images New Zealand’s economy sank into recession in the third…
Fed rate decision December 2024:
WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about…
The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
Federal Reserve Chair Jerome Powell speaks during a news conference following the November 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building, in…
Majorities in poll give Trump green light for some controversial policies
President-elect Donald Trump dances after speaking during the Fox Nation’s Patriot Awards at the Tilles Center in Greenvale, New York, Dec. 5, 2024. Heather Khalifa | AP Americans say they…