European Central Bank Cuts Interest Rates as Economic Growth Stagnates

Bank of Korea slashes rates to lowest since August 2022 on economic worries, cuts growth forecast

The Bank of Korea cut rates to 2.75% from 3%, in line with expectations from economists polled by Reuters, trimming rates for the third time in four meetings.

CNBC - 5d

German Central Bank Loss Points to More Economic Woes for Germany

The central bank’s president said it was “not possible to rule out” a third year of no economic growth.

The New York Times - 5d

How fast will the ECB cut interest rates?

Market Questions is the FT’s guide to the week ahead

Financial Times - 12h

Interest Rate Cuts on Hold Till Inflation Improves, Fed Meeting Minutes Show

Officials are debating when to restart interest rate cuts, as high prices linger and Trump’s policies add to economic uncertainty.

The New York Times - Feb. 20

What's the CD interest rate forecast for spring 2025?

With the Fed expected to hold rates steady in March, experts predict what could happen with CD stable this spring.

CBS News - 4d

Fed’s Logan backs shortening maturity of central bank’s balance sheet

Dallas Fed President Lorie Logan on Tuesday backed a plan to change the composition of the Fed’s secondary-market purchases of Treasury securities so that the central bank’s holdings match the ...

MarketWatch - 5d

South Africa’s central bank governor sounds alarm on ‘rightwing populism’

Lesetja Kganyago warns institutions are increasingly a target as the principle of independence comes under attack

Financial Times - 19h

As consumer delinquencies rise, U.S. economic growth increasingly powered by the wealthy

Most official data continues to show the U.S. economy is humming along, with unemployment historically low and inflation expectations still relatively stable.

NBC News - Feb. 22

Trump economic approval ratings sag as inflation fears grow

Polls show that Americans’ confidence is slipping in President Trump’s ability to handle the economy – the most important issue in the 2024 election and the one that likely carried Trump to a ...

The Hill - 1d

Home Depot says high interest rates are hampering home-remodeling plans

“There’s just no denying the deferral that we’re still seeing,” said Billy Bastek, Home Depot’s executive vice president of merchandising.

MarketWatch - 5d

Lloyds Bank overstated interest-bearing deposits to BoE by £44bn

Error fed into data set used by watchdog in review of UK’s cash savings market

Financial Times - 3d

Analyzing potential economic consequences of DOGE cuts

The Trump administration ordered the termination of more than 6,000 Internal Revenue Service employees last week. According to a local union, that includes roughly 1,000 IRS workers in Kansas City ...

CBS News - 4d

Home price growth has slowed. But high costs, economic worries have some buyers retreating

High prices and economic uncertainty are factors pulling homebuyers back out of the housing market, experts say.

CNBC - Feb. 20

Dow drops 700 points for worst day of 2025 so far on new fears about economic growth

Stocks sold off on Friday as new U.S. data sparked concern among investors over a slowing economy and sticky inflation, leading them in search of safer assets.

NBC News - Feb. 21

Stock investors stopped freaking out over interest rates. Now this threat is re-emerging.

Investors appear to be doing a lot less hand-wringing over higher interest rates lately, but plenty of market risks are still coming up on the horizon.

MarketWatch - Feb. 23

Fed’s Barkin says interest rates may have to rise to combat inflation headwinds

Barkin said he understands that the fight against inflation has been long, but that “it is critical that we remain steadfast.”

MarketWatch - 5d

No ‘golden age’ is coming. Trump’s tariffs will hit Americans with higher interest rates and more inflation.

Protectionism won’t make us rich — especially if tariffs launch a trade war.

MarketWatch - 5d

The Fed’s favorite tool to track inflation unlikely to offer ammo for reducing U.S. interest rates

The latest look at U.S. inflation is unlikely to ease the worries on Wall Street, but it probably won’t add to the jitters.

MarketWatch - 3d

Bank of England rate setter warns of higher UK inflation risk driven by wages

Deputy governor Dave Ramsden says interest rate cuts must be gradual

Financial Times - 2d

Fed’s Schmid warns against rate cuts in response to weaker outlook

Schmid, a voting member of the Fed’s interest-rate committee this year, pointed to two lasting lessons from history.

MarketWatch - 3d

Major Asia bank to cut 4,000 roles as AI replaces humans

It makes DBS one of the first major banks to offer details on how AI will affect its operations.

BBC News - 5d

ECB faces risk of ‘sleepwalking’ into too many rate cuts, says top official

Rate-setters need to stand ready to pause further monetary easing, Belgian central bank governor says

Financial Times - 6d

Eurozone activity stagnates as price pressures prove sticky

Inflation in dominant services sector ‘definitely’ not under control, survey data shows, adding to pressure on ECB

Financial Times - Feb. 21

What Trump’s Deportation Plans Mean for Central America

Deporting migrants to Central American countries removes many political and legal hurdles for the Trump administration. How far can the practice go before these nations reach a breaking point?

The New York Times - 5d

For a stagnating left mired in pessimism, Milton’s radical vision is poetry in motion | Kenan Malik

The poet-prophet shows us how to sustain hope and redemption in the wake of political defeat. ‘Is this pessimism?”, TJ Clark asks in his 2012 essay For a Left with No Future . “Well, yes.” How ...

The Guardian - 16h

European stocks’ comeback

Plus the continent’s defence industry

Financial Times - 3d

The options to fund European defence

Governments are discussing how to boost investment in Europe’s arms industry

Financial Times - 3d

We made a zine with Lauren Halsey for Frieze, and it's a love letter to South Central

Halsey shares the seeds and vision behind her much-anticipated Summaeverything Community Center in L.A.

Los Angeles Times - Feb. 19

Britain accuses Russia of planning to interfere in upcoming Central African Republic elections

Britain accused Russia of planning to interfere in upcoming elections in the Central African Republic, and the U.S. alleged that Moscow was seeking to steal the gold and diamond-rich country’s ...

NBC News - Feb. 21

Rhenus launches its new central distribution centre for IKEA in India

Yahoo News - 5d

Raymond Santana of ‘Central Park Five’ Will Run for Office in New York

Raymond Santana was wrongly imprisoned. Now, he wants to join Yusef Salaam, also wrongfully accused in the rape of a Central Park jogger, on the City Council.

The New York Times - 5d

Second ‘Central Park Five’ member seeking NYC Council seat

A second member of the “Central Park Five,” men were wrongly convicted and later exonerated of assaulting and raping a white woman in 1989, is seeking a seat on the New York City Council. Raymond ...

The Hill - 5d