WorldPingThe Federal Reserve raised its benchmark interest rate Wednesday to combat stubborn inflation. That will make it more expensive to borrow money to buy a car or carry a balance on a credit card.
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WorldPingThe US central bank raised its benchmark rate by .25 percent, with new Fed Chair Kevin Warsh defying President Donald Trump's desire for lower rates. Consumer banks and bond markets react.
Brief by WorldPing · Original reporting by France 24
WorldPingRates were hiked in a unanimous decision despite fierce opposition from President Donald Trump, who had called for a cut.
Brief by WorldPing · Original reporting by BBC News
The Federal Reserve has raised interest rates for the first time in years. And, the European Union has proposed that Canada become its first-ever "associate member."…
Brief by WorldPing · Original reporting by NPR
WorldPingRates are held for the sixth time in a row but the Bank says they are likely to rise if high energy prices continue.
Brief by WorldPing · Original reporting by BBC Business
WorldPingThe Bank of England is expected to keep interest rates unchanged, despite rising inflation in the UK…
Brief by WorldPing · Original reporting by ABC News
President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
Brief by WorldPing · Original reporting by CNBC World
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