Central banking

Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show
Finance

Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show

watch now VIDEO3:1603:16 Fed minutes: Most participants say it would be appropriate to ease further to end the year Power Lunch Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated […]

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Bank of England warns of ‘sharp market correction’ if AI bubble bursts
World

Bank of England warns of ‘sharp market correction’ if AI bubble bursts

Bank of England, the Royal Exchange and the statue of the Duke of Wellington in the City of London on 19th February 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England on Wednesday warned that the risk of a “sharp market correction” has increased, noting that valuations […]

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New Zealand delivers outsized cut, bringing policy rate to over 3-year low in bid to boost growth
World

New Zealand delivers outsized cut, bringing policy rate to over 3-year low in bid to boost growth

The Reserve Bank of New Zealand (RBNZ) building in Wellington, New Zealand, on Wednesday, Feb. 22, 2023. Mark Coote | Bloomberg | Getty Images New Zealand’s central bank on Wednesday cut benchmark interest rates by 50 basis points to 2.5%, bringing the policy rate to its lowest level since July 2022 as growth worries loom. […]

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Asia-Pacific markets set to open mixed, following Wall Street gains on AMD rally
World

Asia-Pacific markets set to open mixed, following Wall Street gains on AMD rally

Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. pongnathee kluaythong | Moment | Getty Images Asia-Pacific markets were set to open mostly higher Tuesday, tracking Wall Street gains on a tech rally fueled by the massive deal between OpenAI and AMD, in one of the […]

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Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly
Finance

Chicago Fed President Goolsbee ‘a little wary’ about cutting interest rates too quickly

Key Points Chicago Federal Reserve President Austan Goolsbee said Friday he’s leery of cutting interest rates too quickly as threats increase both inflation and employment. “I’m a little wary about front-loading too many rate cuts and just counting on the inflation going away,” he said. Source

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Asia markets trade mixed after Wall Street gains as investors look past government shutdown
World

Asia markets trade mixed after Wall Street gains as investors look past government shutdown

Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Asia-Pacific markets opened mostly higher Friday, tracking Wall Street gains as investors shrugged off the U.S. government shutdown. Investors are waiting to see how long the shutdown will last to assess the gravity of its economic repercussions. Historically, government shutdowns in the U.S. have not […]

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South Korea’s Kospi hits record high as Samsung and SK Hynix soar on OpenAI partnership
World

South Korea’s Kospi hits record high as Samsung and SK Hynix soar on OpenAI partnership

The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s Kospi index jumped more than 3% Thursday to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix. Shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose over […]

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Australia keeps policy rate steady at 3.6% as inflation worries loom
World

Australia keeps policy rate steady at 3.6% as inflation worries loom

Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a press conference in Sydney, Australia, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank expectedly held benchmark policy rates at 3.6% on Tuesday as inflation in the country stays at its highest level in more than a […]

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Cleveland Fed’s Hammack warns of ‘challenging time’ amid inflation worries
World

Cleveland Fed’s Hammack warns of ‘challenging time’ amid inflation worries

Federal Reserve Bank of Cleveland President Beth Hammack attends the Federal Reserve Bank of Kansas City’s 2025 Jackson Hole Economic Policy Symposium, “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy”, in Jackson Hole, Wyoming, U.S., August 21, 2025. Jim Urquhart | Reuters Cleveland Federal Reserve President Beth Hammack on Monday said the U.S. central […]

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Powell says slowing labor market prompted rate cut, sees ‘challenging situation’ ahead
Finance

Powell says slowing labor market prompted rate cut, sees ‘challenging situation’ ahead

Key Points Fed Chair Jerome Powell said that weakness in the labor market is outweighing concerns about stubborn inflation, leading to a decision to lower the central bank’s key interest rate last week. “This policy stance, which I see as still modestly restrictive, leaves us well positioned to respond to potential economic developments,” he added […]

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