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Economy

US Federal Reserve stays the course on interest rates

The US Federal Reserve has announced that it will maintain its interest rates, as much of Europe raises theirs.

21/09/2023

World News

US Fed hikes interest rates to 22-year-high

The latest quarter-percentage-point rise, which was in line with analysts' expectations, is the Fed's 11th since it began an aggressive campaign of monetary tightening last March in response to rising prices.

27/07/2023

USA

US stocks record best day in two years due to hopeful inflation data

All the action stemmed from a U.S. government report showing that inflation slowed in October, better than many economists were expecting.

11/11/2022

Business

US central bank raises interest rate to highest level in 15 years

"We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2%", said Federal Reserve chariman Jerome Powell.

02/11/2022

Europe Decoded

Why do central banks raise interest rates to curb inflation?

Banks hope that if borrowing money becomes more expensive, consumer demand will fall, bringing down prices along the way.

27/10/2022

Money

Why Bitcoin and other cryptos are bracing for a tough week ahead

Cryptos have borne the brunt of a massive ripple effect since the Terra saga but decisions in the US could put even more pressure on digital assets.

25/07/2022

USA

US Federal Reserve attacks inflation with largest rate hike since 1994

The Fed’s decision to raise its key interest rate by 0.75% is seen as an acknowledgement that it's struggling to curb inflation.

15/06/2022

USA

US raises interest rates by half a point to tame inflation

The increase in the Fed's key rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago.

04/05/2022

Money

Biden has signed an executive order on crypto. Here's what it said

With this executive order, experts believe Biden is giving a pragmatic acknowledgement of the growing importance of Bitcoin and cryptocurrencies.

09/03/2022

Money

Cryptos rally after leaked US Treasury statement calms crackdown fears

The statement, which has since disappeared after being prematurely released, called for a 'coordinated approach' to digital assets.

09/03/2022

Money

Biden to sign executive order on crypto to close sanctions loopholes

The executive order, which is expected to be signed this week, will be a first step in regulating the cryptocurrency market in the US.

08/03/2022

Business

COVID-19 spread prompts Federal Reserve to slash rates

The Federal Reserve cut its benchmark interest rate by a half-percentage point in an effort to boost the economy in the face of the spreading coronavirus.

03/03/2020

Business

US Federal Reserve cuts rates for second time since July

The US Federal Reserve cut rates for the second time since July cited global developments and "muted inflation pressures".

18/09/2019

USA

US Federal Reserve cuts interest rate, citing weak global growth

The US Federal Reserve lowered its interest rate on Wednesday due to weak global growth and trade uncertainty. Could the cut affect Europeans?

01/08/2019

Business

US Federal Reserve hikes interest rate

The US Federal Reserve hikes interest rate, predicts three more years of economic growth.

26/09/2018

Business

Trump accuses China and EU of currency manipulation

The comments, plus Trump's criticism of Federal Reserve interest rate hikes, sent the dollar tumbling

20/07/2018

Economy

Inflation jump raises rate rise worries in USA

America's Federal Reserve may be prompted to act more drastically should inflation take off, and higher interest rates mean slower economic growth.

14/02/2018

World News

Senate confirms Powell as next Federal Reserve chairman

The US Senate overwhelmingly approves President Trump's nominee for the Federal Reserve, Jerome Powell.

24/01/2018

Economy

Jerome Powell named new Fed Chair

The 64-year-old lawyer and former investment banker is currently governor of the US central bank.

02/11/2017

Economy

Federal Reserve meets ahead of expected interest rate rise

13/06/2017