Here’s where you can still score a 6% APY, and higher, on your savings – as the Fed cuts rates for the first time in 4 years
After years of rate hikes in its effort to tame rising inflation, the central bank has elected to do something it hasn’t done ...
China's central bank injects cash, lowers 14-day reverse repo rate
China's central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower ...
Russian central bank extends curbs on transferring funds abroad
Russia's central bank has extended restrictions on transferring funds abroad for another six months until March 31, 2025, the ...
Federal Reserve cuts interest rates by half-point; first rate reduction in four years
The Federal Reserve on Wednesday announced a long-awaited interest rate cut, lowering the benchmark rate by 50 basis points from what was the highest level in 23 years as the central bank eased ...
Donald Trump Opposes Looming Interest Rate Cuts. Not All Republicans Agree.
The Fed is expected to cut interest rates on Wednesday, inserting the central bank into the teeth of a contentious election ...
Australian Associated Press5h
Labor, expert lash ‘crazy’ call to step in over rates
Calls for Canberra to intervene with the Reserve Bank to lower interest rates to get financial reforms over the line have ...
Did central banks get the inflation crisis right?
Policymakers are lowering rates and signalling new confidence that a ‘soft landing’ is possible. But few are ready to declare victory ...
Australian Associated Press on MSN1d
Reserve Bank to hold the line despite US Fed cut
The Reserve Bank is unlikely to give interest rate relief to borrowers at the September meeting as Australia's inflation rate ...
The Fed is finally about to cut interest rates. What took so long?
It’s a pivotal week for the US economy, with the Federal Reserve expected to cut interest rates for the first time since 2020 ...
Influential labour union says it won't endorse a candidate for president
The Biden administration has been saying for months that the post-Covid surge in inflation is over. On Wednesday, the Federal ...
Jobless Claims Fall to Lowest Levels Since May
Initial jobless claims dropped from the prior week and surprised economists who forecasted more new unemployment filings.
michaelwest2d
Rate cut delay bolsters case for experts on RBA board
As US mortgage holders celebrate a bumper 50 basis point interest rate cut, Australia’s central bank is still weighing a rate ...