US central bank takes step towards first rate cut but signals extended caution
The US central bank has raised expectations that interest rate cuts are around the corner, but also signaled it wants more evidence that easing inflation is sustainable. The Federal Reserve kept its core interest rate range steady between 5.25-5.5% following the first meeting of its Federal Open Market Committee in 2024. Its statement to accompany […]
US interest rates rise higher despite continued banking turmoil
The Federal Reserve – the US central bank, known as the Fed – has increased interest rates for the 10th time in a row despite the continued worst banking turmoil since the global financial crash. The rate has been increased by 0.25 percentage points again in the Fed’s continued effort to bring down inflation, which […]
