Interest Rates
Fed holds rates steady, takes less confident view on inflation
Key Points The Federal Reserve left unchanged its overnight borrowing rate in a range between 4.25%-4.5%. The decision followed three straight cuts since September 2024. The post-meeting statement offered a somewhat more optimistic view on the labor market while dropping a key reference from the December statement that inflation “has made progress toward” the Fed’s […]
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Bank of Canada cuts rates, says tariff war could be very damaging
Tiff Macklem, governor of the Bank of Canada, during a news conference in Ottawa, Ontario, Canada, on Wednesday, Sept. 4, 2024. David Kawai | Bloomberg | Getty Images The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war […]
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European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
The European Central Bank is widely expected to kick off its 2025 meetings with another interest rate cut on Thursday, as traders aim to gauge how far the central bank is willing to diverge from a stalled Federal Reserve. Money markets on Wednesday were pricing in 35 basis points worth of rate cuts for the […]
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The Fed meets for the first time since Trump’s term started. Here’s what to expect
US Federal Reserve Chairman Jerome Powell speaks at a press conference after the Monetary Policy Committee meeting in Washington, DC, on December 18, 2024. Andrew Caballero-Reynolds | AFP | Getty Images The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he […]
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CNBC Daily Open: Trump’s comments bump S&P 500 to new high
U.S. President Donald Trump giving an address by videoconference at the World Economic Forum annual meeting in Davos on Jan. 23, 2025. Fabrice Coffrini | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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CNBC Daily Open: Trump’s demands push S&P to new record
U.S. President Donald Trump on screen during his address by video conference at the World Economic Forum annual meeting in Davos on Jan. 23, 2025. Fabrice Coffrini | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they […]
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President Donald Trump says he’ll ‘demand that interest rates drop immediately’
President Donald Trump lobbed his first volley at the Federal Reserve, saying Thursday that he will apply pressure to bring down interest rates. Speaking via video to an assembly of global leaders at the World Economic Forum in Davos, Switzerland, the new president in a wide-ranging policy speech did not mention the Fed by name […]
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Interest rates won’t fall as fast as expected if tariffs stoke inflation, UBS CEO says
An expected decline in interest rates could be stalled if the prospective tariffs of Donald Trump’s second White House administration bleed into markets and shore up inflation, UBS CEO Sergio Ermotti warned Tuesday. “Something that I’ve been saying for a while, inflation is much more sticky than we have been saying,” he told CNBC’s Andrew […]
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Traders bet on more Bank of England rate cuts in 2025 after data shocks
Piccadilly Circus is seen at dusk, on 7th January 2025, in London, England. Richard Baker | In Pictures | Getty Images LONDON — Traders bet on more Bank of England rate cuts this year after weak retail sales data added to the latest in a run of data surprises this week. Sales volumes fell 0.3% […]
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UK homeowners brace for higher mortgages as borrowing costs spike
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money […]
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