Fed holds interest rates for seventh consecutive meeting after ‘modest’ progress on inflation June 12, 2024 At the turn of the year investors thought the cutting cycle would be well underway but now traders do not expect a cut until September.
Apple overtakes Microsoft as world’s most valuable company June 12, 2024 Apple shares rose nearly five per cent to a new record high of $218.02 per share on Wednesday, making it more valuable than Microsoft.
US inflation comes in below expectations as prices remain flat in May June 12, 2024 The figures come ahead of the US Federal Reserve's latest interest rate decision, due this evening.
Relief as US inflation finally comes in below expectations May 15, 2024 Stubborn inflation at the start of the year has forced markets to reconsider when the Fed is likely to start cutting interest rates.
Fed leaves interest rates on hold again as worries about inflation resurface May 1, 2024 The widely anticipated decision means the federal funds rate remains at a 23-year high, standing in a range of 5.25 to 5.50 per cent.
Fed set to hold rates this week – but markets will look for clues on cuts April 28, 2024 The Fed is almost certain to leave rates on hold when it announces its decision on Wednesday, but markets will be paying close attention to the central bank's forward guidance.
US economy disappoints in first quarter of 2024 as growth slows far more than expected April 25, 2024 The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.
Will UK mortgage rates rise even more if US inflation stays hot? April 13, 2024 London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering interest rates. So what does this mean for mortgages?
Hot US inflation figures ‘pretty much kill’ hopes of a June interest rate cut April 10, 2024 The figures come amid a growing debate about the timing of the Fed's first interest rate cuts. Markets have steadily pushed back the timing of the first cut, reflecting stubborn inflation.