U.S. consumers' inflation outlooks drop sharply, NY Fed survey shows

- U.S. consumers' expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, indicating U.S. central bankers...

Market Extra: A red-hot July jobs number has traders penciling in another jumbo Fed rate hike

A red-hot July jobs report has traders penciling in another 75 basis-point rate rise by the Federal Reserve at their next meeting in September.

Rishi Sunak attacks Truss tax cut plan after big interest rate rise

Chancellor Nadhim Zahawi said to be on holiday as Bank adds to dire economic outlookPolitics live: latest updatesRishi Sunak seized on the Bank of England’s historic half-point rate rise on...

Bank of England Makes Biggest Rate Rise Since 1995

The Bank of England raised its key interest rate by a half percentage point Thursday. The move is the largest single step in more than a quarter-century. The bank has increased borrowing costs at...

Britain lifts rates by most since 1995, latest to deliver aggressive hikes

- The Bank of England raised interest rates on Thursday by half-a-point in its biggest move in 27 years to tame inflation. Central banks in the United States, Canada, Australia, Switzerland and...

Bank of England Makes Biggest Rate Rise Since 1995

The U.K. central bank raised its key interest rate by a half percentage point, the largest single step in more than a quarter-century, as it follows the Federal Reserve in giving priority to the...

Bank of England makes biggest rate rise since 1995

LONDON -- The Bank of England raised its key interest rate by a half percentage point Thursday, the largest single step in more than a quarter-century, as the central bank follows the Federal...

Australian central bank hikes rate to 6-year high 1.85%

CANBERRA, Australia (AP) — Australia’s central bank on Tuesday boosted its benchmark interest rate for a fourth consecutive month to a six-year high of 1.85%.The Reserve Bank of Australia’s...

Bank of England considers biggest rate rise for more than 25 years

MPC meets on Thursday under pressure to follow other central banks in monetary tightening

Beijing fears social unrest from property crisis

Bank of England considers biggest rate rise for more than 25 years

Asia shares, bonds find some relief in Fed messaging

By Wayne Cole SYDNEY - Asian shares made cautious gains on Thursday as investors scented a possible slowdown in the pace of U.S. rate hikes, lowering bond yields and restraining the dollar. As...

If you don't need it, don't buy it right now’: Here's where the Fed's new rate hike will hit you hardest and what...

The benchmark interest rate now sits in the range of 2.25% to 2.5%. Banks and lenders then add their interest rates on top of that. “When the price of peanut butter goes up, it's bad for the sales...

U.S. Federal Reserve delivers second super-sized rate hike

- The U.S. Federal Reserve on Wednesday delivered its second straight 75 basis point rate hike, reinforcing its commitment to contain red-hot inflation. Policymakers said inflation "remains...

Derby's Take: Even With Rate Increase, Fed Will Still Have Lots of Work to Do

With the Federal Reserve set to deliver another big rate rise Wednesday, considerable uncertainty still surrounds the final destination for the central bank’s campaign of monetary policy tightening.

Fed to implement second 0.75 point rate rise amid uncertainty over next steps

US central bank weighing how to recalibrate tightening strategy amid growing recession risk

Fed to implement second 0.75 point rate rise amid uncertainty over next steps

New customers onlyCancel anytime during your trial. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news and opinion. Trial begins at $69 per...

Fedspeak Cheat Sheet: What Fed Officials Said Before Their July Meeting

Fed officials have indicated they are gravitating toward another 0.75-percentage-point rate rise at their July 26-27 Federal Open Market Committee meeting, even as they have faced questions about...

Nepal central bank hikes policy rate, warns of pressure on FX reserves

By Gopal Sharma KATHMANDU -Nepal's central bank on Friday raised its benchmark policy rate at which it lends to commercial banks to 8.5% from 7%, as part of efforts to tame inflation which is...

ECB goes big with 50 basis-point hike, ending negative rates era

- The European Central Bank on Thursday delivered its first interest rate hike in over a decade, joining other major central banks in the race to get on top of surging inflation. The United...

5 things to know before the stock market opens Tuesday

Investors are looking forward to a new round of earnings reports this week. Only about 8% of the S&PP 500 have reported so far this earnings season. Netflix is expected to report its first quarter...

Inflation Report Likely to Seal Case for Fed’s 0.75-Point Rate Rise in July

Consumer-price index rose 9.1% in June from a year earlier, the Labor Department said Wednesday. Concerns that consumers could begin to expect higher inflation to last longer could spur a more...

Inflation Report Likely to Seal Case for Fed’s 0.75-Point Rate Rise in July

Concerns that consumers could begin to expect higher inflation to last longer spur a more aggressive rate-rise path.

Global markets plunge as Fed mulls biggest rate rise in decades

Wall Street’s benchmark S&P 500 index fell almost 4% on Monday into bear territory, prompting selloffs from Sydney to Shanghai. US central bank policy makers will begin a two-day meeting on...

Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week

Fed Likely to Consider 0.75-Percentage-Point Rate Rise This Week. Officials had signaled plans to raise interest rates in half-point increments. Recent deterioration in data could lead to a...

Asian stocks track global shares lower, U.S. CPI in focus

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.2% in early Asian trade. Tech giants listed in Hong Kong were hit hard, with their sub-index opening 2.9% lower. Hong Kong shares...

Universal Beijing Resort to reopen on June 15 as COVID curbs ease

Universal Beijing Resort will reopen on June 15 after being closed more than a month. The resort, which includes a retail district, two hotels and the Universal Studios theme park, was shut on May...

Cryptoverse: Buying the dip? Bitcoin's a rates rookie

The cryptocurrency has tanked along with other risk assets such as tech stocks after the Fed amped up rates last week. Bitcoin was an awkward child on the fringes of finance during the Fed's...

Pound Slides After Bank of England Signals Caution as It Raises Rates

U.K. central bank seeks to tame inflation fueled by Russia’s invasion of Ukraine. But it also fears a slowing economy and a slide into recession. Pound Slides After Bank of England Signals Caution...

Fed expected to deliver first rate rise since 2018 amid surging inflation

New customers onlyCancel anytime during your trial. For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news and opinion. Trial begins at $69 per...

Fed Officials Tee Up Quarter-Percentage-Point Rate Rise in March

New York Fed President John Williams and others tee up a quarter-percentage-point rate rise at mid-March meeting. Recent data pointing to stronger hiring, consumer spending and inflationary...

One-Stop Business News, backed by Mark Cuban. Free to Use →