Latest in Bank of England Cuts Rates While Warning of Inflation and Trade War Risks
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Bank of England cuts interest rates to 4.5%
The Bank of England has announced an interest rate cut to 4.5%. CBS News foreign correspondent Ramy Inocencio has more on what that means.CBS News - 6h -
Bank of England expects to cut borrowing costs further after rate cut today – business live
UK central bank cuts interest rates, and warns growth will be half as fast as expected this year, sending pound sliding. Bank of England cuts interest rates to 4.5% but halves UK growth ...The Guardian - 7h -
How to trade the trade war
Global investors had time to prepare for Donald Trump’s tariffs but swift market reversals are keeping them on edgeFinancial Times - 15h -
India likely to cut benchmark rates for the first time in nearly five years as economy slows, inflation eases
India is widely anticipated to cut its benchmark policy rate at the policy meeting concluding this Friday.CNBC - 19h -
What are the risks of a U.S.-China trade war, and can conflict be averted?
The world's two biggest economies are on the brink of an economically destructive trade war. Here's what experts think could happen next.CBS News - 1d -
Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
Traders have ramped up their bets on the total number of BOE rate cuts in 2025 since January, as Europe diverges from the U.S.CNBC - 1d -
‘How do I shield my retirement savings?’ I’m worried about Trump’s trade war and Fed’s willingness to cut interest rates
“I’ve been in the nonprofit world my entire career, so my 403(b) is less than $500,000.”MarketWatch - 1d -
People who make under $130,000 were already cutting back. Trump’s trade war will tighten the squeeze.
Middle-income households are feeling financially stressed and negative about their financial outlook, and many are cutting spending for 2025.MarketWatch - 2d -
EU ‘cannot lie down’ against threat of Trump trade war, Finnish central banker warns
Olli Rehn says bloc needs to prepare for possible US tariffs but can enter any conflict with ‘self-confidence’Financial Times - 2d -
Trump’s cuts to renewables risk US energy crisis, warn executives
Country will struggle to meet growing demand from power-hungry AI with fossil fuels aloneFinancial Times - 2d -
Buying a house amid the trade war? Here’s what to expect from mortgage rates.
The chaos of the trade war could have big implications for the housing market.MarketWatch - 2d -
Inflation will slow this year, allowing Fed to cut rates further, says former St. Louis Fed chief
Former St. Louis Federal President James Bullard said that inflation will slow markedly this year, allowing the central bank to continue to lower interest rates.MarketWatch - 3d -
Bank of England expected to cut rates again as UK economy stagnates
Quarter-point reduction forecast even as short-term inflation pressures are set to increaseFinancial Times - 3d -
Top Fed officials comments highlight split on central bank about next interest-rate cuts
Bowman, Goolsbee differ on outlook for inflationMarketWatch - 5d -
Inflation finishes 2024 well above Fed’s 2% target, PCE shows. Rate cuts on hold.
The price gauge used by the Federal Reserve to help set U.S. interest rates accelerated in December, pushing the bank further from its inflation goal and reducing the chance of another reduction in ...MarketWatch - 6d -
European Central Bank Cuts Interest Rates as Economic Growth Stagnates
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.The New York Times - 6d -
ECB warns of ‘headwinds’ to Eurozone economy as it cuts rate to 2.75%
Move comes after Fed keeps borrowing costs on holdFinancial Times - Jan. 30 -
European Central Bank cuts interest rates to support growth as eurozone economy stagnates - as it happened
Live coverage of business, economics and financial news as ECB cuts main interest rate by 0.25 percentage points in effort to support European economies. It was a flash reading on the Eurozone ...The Guardian - Jan. 30 -
European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to chart a ...ABC News - Jan. 30 -
Central bank decisions — as they happened: Powell says no rush to adjust Fed policy stance; Canada cuts rates for sixth consecutive meeting
US central bank holds rates steady as it resists Donald Trump’s calls to cut borrowing costsFinancial Times - Jan. 30 -
Trump bashes Fed after bank doesn't cut rates
President Trump ripped the Federal Reserve and the man he appointed to lead it Wednesday after the central bank kept interest rates steady. In a post on Truth Social, the president accused the Fed ...The Hill - Jan. 29 -
No interest rate cut by Federal Reserve as inflation remains above target
The Federal Reserve did not apply a cut to its benchmark rate as inflation remains stubborn. CBS News business analyst Jill Schlesinger has more.CBS News - Jan. 29 -
Bank of England warns of risks in relaxing mortgage limits
Andrew Bailey welcomes ‘open public debate’, but cautions that easing rules could lead to more repossessionsFinancial Times - Jan. 29 -
European Central Bank to cut rates again with Trump threat and U.S. divergence in focus
"The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar."CNBC - Jan. 29 -
Political interference in central banks risks economic harm, ECB president warns
Comments by Christine Lagarde seen as veiled warning to Donald Trump, who demanded Federal Reserve lower interest rates ‘immediately’. Political interference in central bank policymaking could harm ...The Guardian - Jan. 27 -
UK Budget fallout adds to Bank of England dilemma on interest rates
Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfortFinancial Times - Jan. 27 -
Trade war has no winners, China's vice premier warns, as Trump threatens tariffs
Chinese Vice Premier Ding Xuexiang warned of "no winners" in a trade war during a speech Tuesday during the World Economic Forum in Davos, Switzerland.CNBC - Jan. 21 -
World's biggest sovereign wealth fund warns markets at risk from tariff-fueled inflation
"If you look at the risk to financial markets, I think inflation is for sure one, all driven by tariffs."CNBC - Jan. 21 -
Trump’s policies risk stoking inflation and preventing rate cuts, IMF warns
Taking drive for deregulation too far could push the US on to a ‘dangerous boom-bust path’, fund cautionsFinancial Times - Jan. 17 -
UK economy's disappointing November growth fuels the case for Bank of England rate cut
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.CNBC - Jan. 16 -
Bank of Korea leaves rates unchanged in a surprise move, warns GDP growth 'highly likely' to miss forecasts
Economists polled by Reuters had estimated a 25-basis-point cut to 2.75%CNBC - Jan. 16 -
Surprise fall in inflation boosts interest rate cut hopes
Inflation falls for the first time in three months, sparking expectations rates may be cut to 4.5% in February.BBC News - Jan. 15 -
Inflation Rose in December, Putting Rate Cuts Into Question
The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.Inc. - Jan. 15 -
Small-cap stocks face heightened risk with rate cuts in question, warns BofA
The recent selloff in small-cap stocks left the Russell 2000 index in correction territory.MarketWatch - Jan. 13 -
India's inflation slows to lower-than-expected 5.22% in December, boosting case for rate cuts
The full year inflation forecast for the RBI's 2024 fiscal year ending June 2025 is projected at 4.8%.CNBC - Jan. 13 -
ECB’s chief economist warns of too-low inflation if rates stay high
Philip Lane points to dangers of borrowing costs that remain ‘too high for too long’Financial Times - Jan. 13 -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - Jan. 10 -
U.N. Raises Global Growth Forecast, but Warns of Potential Inflation Risks
An increase in trade barriers would likely reignite price pressures, the organization says ahead of Trump’s plan to impose new tariffs.The Wall Street Journal - Jan. 9 -
Fed’s Waller backs more rate cuts, says he doesn’t think proposed Trump tariffs will spark inflation
Federal Reserve Governor Christopher Waller said Wednesday that he doesn’t think that proposed import tariffs from the incoming Trump administration will lead to upward pressure on inflation.MarketWatch - Jan. 8