UK growth forecast slashed as Bank of England lowers rates
The Bank of England (BoE) announced its first interest rate cut of 2025 on Thursday, reducing the benchmark rate by 25 basis points to 4.5%....
Tag : interest rates
Bitcoin at $105,000 as Powell backs banks serving crypto customers
Bitcoin surged past $105,000 following the Federal Reserve's decision to maintain current interest rates, with Fed Chair Jerome Powell affirming that U.S. banks can serve...
US inflation persists as Trump’s tariff threats add economic concerns
Inflation in the United States remained persistent in December, with a key gauge monitored by the Federal Reserve rising 2.6% year-over-year, up from 2.4% in...
Trump calls for immediate rate cuts as Fed meeting approaches
The Federal Reserve is expected to keep interest rates steady at the conclusion of its two-day meeting on Jan. 29, signaling a cautious approach as...
Bitcoin drops 5 percent erasing $5,000 in a sudden price slump
Bitcoin (BTC) experienced a sharp price drop early this week, losing 5% of its value and shedding $5,000 per token. The decline triggered over $130...
Japan raises interest rates to 0.5 percent amid inflation concerns
The Bank of Japan (BOJ) raised its benchmark interest rate by 25 basis points to 0.5% on Friday, marking the highest level since 2008. The...
UK private-sector pay rises sharply but job cuts increase
British wage growth remained robust in the three months to November 2024, despite increasing indications of a weakening labor market, according to data released on...
Investors eye inflation data as Treasury yields hit fresh highs
The 10-year U.S. Treasury yield reached a 14-month high on Monday, reflecting investor anticipation ahead of key inflation reports set for release this week. The...
Treasury yields rise as markets await Fed minutes and jobs data
U.S. Treasury yields edged higher early Wednesday as investors awaited key labor market data and the release of minutes from the Federal Reserve’s December meeting....
Dow jumps 351 points as chip stocks rally following Foxconn revenue report
U.S. stocks surged on Monday, rebounding from last week’s declines as gains in semiconductor stocks led the rally. The Dow Jones Industrial Average rose 351...