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

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

UK housebuilders predict sector growth on Labour planning reforms

Taylor Wimpey and others say government measures will boost sector in spite of economic uncertainty

Financial Times - Jan. 16

Bank of America tops estimates on better-than-expected investment banking, interest income

The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.

CNBC - 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

Reeves shrugs off calls for resignation as she promises UK growth plan

Chancellor has faced increasing criticism over her handling of the economy

Financial Times - Jan. 14

PM plans to 'unleash AI' across UK to boost growth

Leading tech firms are said to have committed £14bn towards the project, which could create more than 13,000 jobs.

BBC News - Jan. 13

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

Stocks fall back to pre-Election Day levels amid renewed inflation and interest-rate concerns

The post-Election Day rally in stock prices is fading amid forecasts that the Federal Reserve will not lower interest rates as much as expected.

NBC News - 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

California fires weather forecast: High winds could cause explosive fire growth

Higher humidity and lighter winds are forecast late in the week and into the weekend.

ABC 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

Spike in UK borrowing costs raises specter of public spending cuts

Former U.K. Finance Minister Vince Cable told CNBC on Friday that the UK was not in an "emergency panic situation," but was stuck in a low-growth trap.

CNBC - 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

Stocks and Bonds Fall After Strong Jobs Report Fuels Interest Rate Concerns

Stronger-than-expected data on the labor market has added to clues that the economy continues to run at a solid pace, amplifying fears about stubborn inflation.

The New York Times - Jan. 10

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

Jolted Australia are on the tear again – England have their work cut out

Healy’s side have reacted strongly again to World Cup pain and the tourists need to keep the series live until the Test. If you’re playing against the Australian women’s cricket team, there are ...

The Guardian - 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

Whitehall braced for spending cuts after UK hit by bond market turmoil

Rising gilt yields mean government departments may face further squeeze

Financial 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

HELOC interest rates drop to 18-month low: Should you open one now?

HELOC interest rates dropped again this week. Here are three reasons why you should open the line of credit now.

CBS 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

Why two Fed officials doubt the need for many more rate cuts

One official warned that “progress on inflation could continue to stall.”

MarketWatch - 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

Fed officials saw need for ‘careful approach’ to future rate cuts

Minutes from December meeting show policymakers are concerned about US inflation risks

Financial Times - Jan. 8

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

Fed Minutes May Show Why More Rate Cuts Will Face Hurdles

After a quarter-point cut in December, Chairman Jerome Powell said policymakers may be more cautious, since the incoming administration will create more uncertainty.

Inc. - 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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