Banks slash savings rates after Bank of England rate cut

Dozens of providers reduce rates or withdraw products following BoE move

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Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

The Bureau of Labor Statistics reported hotter-than-expected growth in the U.S. consumer price index, forcing markets to recalibrate rate expectations.
CNBC - 2h
Trump wants interest rate cuts. The market isn't buying it.

Just before the release of Wednesday’s monthly consumer price report, President Donald Trump called for lower interest rates in a post on his Truth Social platform.
NBC News - 4h
Bank of America CEO on inflation impact on U.S. economy: 'Rates are going to stay where they are'

Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means the Federal Reserve will probably hold off on cutting its benchmark interest rate.
NBC News - 3h
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower.
NBC News - 1d
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.
CNBC - 1d
Fed Rate Cuts Are Looking Less and Less Likely for 2025

The January jobs report and inflation concerns have pushed back bets for lower borrowing costs.
Inc. - 2d
UK banks to detail IT failures after Barclays outage

MPs on Treasury select committee request information from past two years
Financial Times - 2d
UMBC plays Maine after Banks' 30-point performance

UMBC Retrievers (11-13, 3-6 America East) at Maine Black Bears (15-9, 7-2 America East) Orono, Maine; Saturday, 2 p.m. EST BETMGM SPORTSBOOK LINE: Black Bears -5.5; over/under is 146.5 BOTTOM ...
ABC News - 4d
Bank of England Cuts Rates While Warning of Inflation and Trade War Risks

The central bank cut rates for the third time in about six months as it said economic growth had been weaker than expected.
The New York Times - 6d

Banks slash savings rates after Bank of England rate cut

Topics

Related

Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are’

Trump wants interest rate cuts. The market isn't buying it.

Bank of America CEO on inflation impact on U.S. economy: 'Rates are going to stay where they are'

Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further

Fed Rate Cuts Are Looking Less and Less Likely for 2025

UK banks to detail IT failures after Barclays outage

UMBC plays Maine after Banks' 30-point performance

Bank of England Cuts Rates While Warning of Inflation and Trade War Risks

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