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Powell may have a hard time avoiding Trump’s ‘Too Late’ label even as Fed chief does the right thing
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | Reuters History suggests that President Donald Trump’s new “Too Late” nickname for Federal Reserve Chair Jerome Powell has a strong […]
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Europe stocks set to rise as investors look ahead to U.S.-China trade talks in Switzerland
European stock market futures point to a positive start after the U.K. and U.S. confirmed a trade agreement, and investors look ahead to the U.S.-China trade negotiations set to begin this weekend. The pan-European Stoxx Europe 600 index is expected to open higher by 0.3%, according to futures data from FactSet. The U.K.’s FTSE 100 […]
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U.K. stocks drop as UK-U.S. trade deal announced, Bank of England cuts rates
European stocks traded broadly higher Thursday, despite the U.K.’s FTSE 100 erasing gains following the announcement of a U.K.-U.S. trade deal and an interest rate cut by the Bank of England. The pan-European Stoxx 600 was 0.24% higher at 4:06 p.m. in London, trimming earlier gains. However, the U.K.’s FTSE 100 reversed gains earlier in […]
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Bank of England cuts interest rates: Here’s what it means for your money
Shoppers and visitors out on Oxford Street on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England cut interest rates on Thursday in a move likely to bring relief to borrowers, businesses and hard-pressed consumers across the country. The central bank reduced its key interest […]
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Trump calls Fed Chair Jerome Powell a ‘fool’ after central bank keeps rates steady again
President Donald Trump derided Federal Reserve Chairman Jerome Powell once again Thursday, a day after the central bank voted to not lower rates because of economic uncertainty created by tariffs. Trump said in a Truth Social post: “‘Too Late’ Jerome Powell is a FOOL, who doesn’t have a clue. Other than that, I like him […]
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Dow futures rise 300 points after Trump announces U.S.-UK trade deal: Live updates
A trader works, as a screen broadcasts a news conference by U.S. Federal Reserve Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. Brendan McDermid | Reuters Stock futures were higher Thursday after President Donald Trump announced a […]
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CNBC’s Inside India newsletter: India looks ready for a deal with the U.S. — but at what cost?
US President Donald Trump and Indian Prime Minister Narendra Modi attend “Howdy, Modi!” at NRG Stadium in Houston, Texas, September 22, 2019. Tens of thousands of Indian-Americans converged on Houston on Sunday for an unusual joint rally by Donald Trump and Narendra Modi, a visible symbol of the bond between the nationalist-minded leaders. With many […]
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Asia-Pacific markets mixed after U.S. Federal Reserve keeps rates unchanged
A screen showing the Shanghai composite index (top), Shenzhen component index (C) and Beijing stock exchange 50 index (bottom) in Jing’an district in Shanghai on April 9, 2025. Hector Retamal | Afp | Getty Images Asia-Pacific markets traded mixed after the U.S. Federal Reserve expectedly kept rates unchanged. Japan’s benchmark Nikkei 225 opened 0.28% higher, […]
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Fed meeting live updates: Fed flags rising inflation risk, traders await insight from Powell presser
Federal Reserve holds steady on rates once more, as expected Central bank policymakers kept a steady hand on interest rates, maintaining them at the target range of 4.25% to 4.5%. This time, the Federal Open Market Committee noted that it is “attentive the risks to both sides of its dual mandate and judges that the […]
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Stock futures rise on news of upcoming U.S.-China trade talks: Live updates
Traders work on the floor of the New York Stock Exchange on April 29, 2025. NYSE Stock futures advanced Tuesday night as investors monitored the latest updates on U.S. trade negotiations and looked toward the Federal Reserve interest rate announcement expected Wednesday afternoon. Dow Jones Industrial Average futures added 236 points, or 0.6%. S&P 500 […]
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