Bank of England cuts interest rates to 4.5% and halves UK growth forecast

How will CD interest rates be impacted by the January Fed meeting?

Could CD interest rates decline again this month? Here's what savers should consider before the January Fed meeting.

CBS News - Jan. 23

Trump says he will 'demand' lower interest rates

Trump made a virtual address to the World Economic Forum in Davos, Switzerland.

ABC News - Jan. 23

The UK begins to shift the narrative on growth

Also in this week’s newsletter: why exports are the drivers of economic expansion

Financial Times - Jan. 23

Turkey's central bank lowers benchmark interest rate to 45%

Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 45%

ABC News - Jan. 23

UK interest rates have a long way yet to fall, says Goldman Sachs

Broken Britain

Financial Times - Jan. 22

UK to launch digital driving licences to boost growth

New app will also include documents showing criminal record checks and proof of eligibility for state benefits

Financial Times - Jan. 21

UK companies on list of top R&D spenders almost halves in a decade

Research highlights rise of China as key rival to US in spending on innovation, including AI

Financial Times - Jan. 21

US consumers ‘resilient’ in face of high prices and interest rates

Credit card data points to ‘robust’ growth at start of 2025 after shoppers spent $1tn during holiday season

Financial Times - Jan. 18

When will HELOC interest rates drop again?

HELOC interest rates recently fell to an 18-month low. Here's when they could decline again.

CBS News - Jan. 17

FTSE 100 hits record as interest rate hopes push down UK borrowing costs

Nearly every share on the index rises as fall in value of pound helps multinational companies listed in London. Business live – latest updates The UK’s blue-chip stock index hit a record high ...

The Guardian - Jan. 17

IMF upgrades UK growth forecast and takes swipe at Trump plans

UK economy predicted to grow by 1.6% this year as fund warns of potentially destabilising effect of Trump policy. • Business live – latest updates . The International Monetary Fund has upgraded ...

The Guardian - Jan. 17

First Horizon CEO says he's cautious about interest rate cuts in 2025

CNBC's Jim Cramer highlights the regional bank space, talking with First Horizon CEO Bryan Jordan.

CNBC - Jan. 16

What savers should do now with interest rates on pause

A rise in inflation all but assures a pause in interest rate cuts. Here's what savers should do in the interim.

CBS News - Jan. 16

Fed Governor Waller sees potential for multiple interest rate cuts in 2025

In a CNBC interview, the policymaker said he expects the first cut could come in the first half of the year.

CNBC - Jan. 16

Worst global growth for 6 years forecast due to tariffs

The World Bank predicts global economic growth of 2.7% this year amid concerns living standards will struggle to improve.

BBC News - Jan. 16

Bank of America profits boosted by loan growth and robust trading

Strong results echo other big Wall Street banks

Financial Times - Jan. 16

Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025

The Federal Reserve is expected to cut rates further in 2025, paving the way for slightly lower borrowing costs for consumers.

CNBC - Jan. 16

UK economy’s 0.1% growth fails to hit forecasts

November expansion is first since August as pressure on chancellor Rachel Reeves to rebuild confidence grows

Financial Times - Jan. 16

UK economy disappoints despite return to growth

Official figures show the economy grew by 0.1% in November, although that was lower than had been expected.

BBC News - Jan. 16

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

How do UK regulators plan to cut back rules and boost growth?

Chancellor Rachel Reeves wants the regulatory sector to do more to drive the economy

Financial Times - Jan. 15

Air Traffic Growth Forecasts Clash With Climate Goals, Study Says

Airline passenger counts will more than double within 25 years, and more flights will mean more global carbon emissions, an advocacy group warned at a major industry conference.

Inc. - Jan. 13

What's the CD interest rate forecast for 2025?

Planning to open a CD account? It may help to know where experts say CD rates could head this year.

CBS News - Jan. 13

FirstFT: Dollar hits 2-year high as interest rate assumptions change

Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El Salvador

Financial Times - Jan. 13

This is what it could take for the Fed to hike interest rates

Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price index

MarketWatch - Jan. 11

Surprising December jobs growth is denting chances of a first-half Fed rate cut

Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...

MarketWatch - Jan. 10

Global 2025 Growth Forecast at Modest 2.8 Percent

An annual United Nations report said the economic year ahead will feature stable, but subpar expansion.

Inc. - Jan. 10

Strong December job growth could augur fewer Fed interest-rate cuts

Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.

CBS News - Jan. 10

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

Fed Governor Bowman says December interest rate cut should be the last

Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.

NBC News - Jan. 9

What's a good home equity loan interest rate in 2025?

With the interest rate climate changing again, it helps borrowers to know what a good home equity loan rate is now.

CBS News - Jan. 9

Fed Governor Bowman says December interest rate cut should be the last

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

CNBC - Jan. 9

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

Rate-Cut Decision Was Narrow, Fed Minutes Show

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The New York Times - Jan. 8

What's a good CD interest rate in 2025?

CD rates have dropped, but they're still relatively high as 2025 begins. Here's what's considered a good rate now.

CBS News - Jan. 8

What factors drive mortgage loan interest rates?

The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.

CBS News - Jan. 8

Bank of England to relax rules for banks and insurers

PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulation

Financial Times - Jan. 8

Latest in Bank of England cuts interest rates to 4.5% and halves UK growth forecast

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