Central banking
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
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
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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Chicago Fed President Goolsbee says officials have to be careful not to get too aggressive with rate cuts
Key Points Chicago Fed President Austan Goolsbee expressed caution about lowering interest rates as the U.S. economy grapples with the forces of slower growth and a weaker labor market. “With inflation having been over the target for four and a half years in a row and rising, I think we need to be a little […]
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Fed Governor Stephen Miran pushes case for central bank to slash key interest rate
Key Points Less than a week after taking his seat, Fed Governor Stephen Miran outlined the reasons why he thinks the central bank’s benchmark interest rate is far too high and should be lowered aggressively. Miran thinks the federal funds rate, a level that banks charge each other for overnight lending but that influences a […]
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Watch new Fed Governor Stephen Miran speak live on the economy and interest rates
[The stream is slated to start at Noon ET. CNBC Television will start the stream when the event begins. Please refresh the page if you do not see a player above.] New Federal Reserve Governor Stephen Miran speaks Monday to the Economic Club of New York to explain his views on the economy and monetary […]
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Asia-Pacific markets set to open mixed ahead of China’s loan prime rate decision
TOKYO, JAPAN – JULY 27: Pedestrians and shoppers walk through the Akihabara area on July 27, 2023 in Tokyo, Japan. Japan’s core consumer price index climbed by 3.3% in June, outpacing the US figure for the first time in eight years as the Bank of Japan holds its monetary policy meeting on July 27 and […]
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Fed Governor Miran says he did not tell Trump how he would vote on rates this week
Key Points Fed Governor Stephen Miran told CNBC on Friday that he spoke only briefly to President Trump before this week’s interest rate decision and was not pressured on how to vote. Questions have arisen about potential conflicts for Miran taking a leave as head of the Council of Economic Advisers, rather than resigning. However, […]
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BOJ holds rates as Japan core inflation dips to lowest since November 2024
The Bank of Japan kept its policy rate steady at 0.5% on Friday, in line with the forecast from a Reuters poll of economists. The decision to stand pat comes as Japan’s core inflation rate fell to its lowest since November 2024, coming in at 2.7% for August and marking a third straight month of […]
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Here are five key takeaways from the Fed’s big interest rate decision
U.S. Federal Reserve Chair Jerome Powell walks away at the end of a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate […]
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