WASHINGTON – The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11-to-1 vote signaling less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its…
U.S. President Donald Trump passes a document to Federal Reserve Chair Jerome Powell to fact-check the numbers during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. Kent Nishimura | Reuters President Donald Trump’s actions relative to the Federal Reserve amount to an effort…
Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025. Daniel Heuer | Bloomberg | Getty Images The Senate is expected to vote Monday on…
Congressional Budget Office director Phillip Swagel said Monday that President Donald Trump’s tariffs appear to have pushed inflation up higher than CBO analysts had initially expected. His views differ from those of Wall Street analysts, many of whom have been bracing for tariff-driven price hikes, but have yet to see them in materialize. Speaking on CNBC’s…
The week ahead on Wall Street is largely about the Federal Reserve – not so much the widely expected interest rate cut, but what central bankers signal about the path forward. There are also two Club names holding investor days this week. But first, the Fed. According to the CME FedWatch tool, the market predicts…
A state visit always sends a buzz through the newsroom — and U.S. President Donald Trump’s trip to the U.K. next week looks set to deliver royal, political and business headlines, despite being his second such visit. U.S. President Donald Trump inspected an honour guard during a welcome ceremony at Buckingham Palace in central London…
Inflation has picked up since President Donald Trump announced new import tariffs in April, with the latest consumer price index data showing outsized increases in tariff-sensitive categories, including coffee, toys and televisions. Overall prices rose 2.9% in August from a year earlier, up from 2.7% in June and July, according to CPI data released Thursday. The…
European stocks look set to open higher on Friday, with early-morning data showing the U.K. economic growth stalled in July. The pan-European Stoxx 600 was flat at 8:30 a.m. in London (3:30 a.m. ET), with no broad consensus movement among sectors and major bourses. Data released on Friday morning showed that the U.K. economy recorded…
A road closure sign leans against a wall outside Royal Exchange in the heart of the City of London, on 13th June 2022, in London, England. Richard Baker | In Pictures | Getty Images U.K. economic growth flatlined in July, according to data published Friday, adding to Chancellor Rachel Reeves’ headache ahead of the Autumn…
Atlantide Phototravel | Corbis Documentary | Getty Images Asia-Pacific markets traded higher, tracking Wall Street gains overnight. Japan’s benchmark Nikkei 225 rose 0.41% after hitting a fresh record high on Thursday, while the Topix added 0.61%. South Korea’s Kospi climbed 0.83%, and the small-cap Kosdaq jumped 0.65%. Australia’s benchmark S&P/ASX 200 added 0.41%. Futures for…
