US Federal Reserve holds rates steady, as expected
The Federal Reserve held interest rates steady on Wednesday, awaiting further data on the path of inflation. In a 10-2 decision, the US central bank said it would maintain its benchmark interest rate within the current 3.75 percent and 4.00 percent range, while acknowledging that inflation "remains elevated," upgrading its assessment of the economy and hinting that further rate hikes may be coming depending on inflation. "The accumulation of more information will help the Committee determine the policy stance appropriate to ensure a timely return of inflation to the Committee's 2 percent goal," the rate-setting Federal Open Market Committee said in its latest policy statement. "The Committee will deliver price stability." Fed Governor Lisa Cook, currently targeted by US President Donald Trump for removal from the central bank, dissented in favour of a quarter-percentage-point rate hike, as did Cleveland Fed President Beth Hammack, a consistently hawkish voice who also dissented in July for the same reason. The Fed's latest policy statement is a notable change from the September 15-16 meeting, with a hint of the sort of forward guidance Fed Chairman Kevin Warsh has said he wants to avoid. The Fed's assessment of the US economy was upgraded to "strong" from the "solid" expansion seen...
Read full articleMORE NEWS
An ‘Endless’ Cruise Around the World Is Suspended, Leaving Passengers Stranded
The cruise promised a lifetime of sailing, for less than what it cost to live on land. But it was underfunded and couldn’t absorb the rising cost of fuel.
An ‘Endless’ Cruise Around the World Is Suspended, Leaving Passengers Stranded
The cruise promised a lifetime of sailing, for less than what it cost to live on land. But it was underfunded and couldn’t absorb the rising cost of fuel.
Elon Musk is a 'real genius', Putin says after satellite talks with SpaceX boss
The Russian President praised Musk and said they are in "close" contact.
AI Is Finding a Flood of Bugs, and Silicon Valley Is Rushing to Fix Them
A.I. has uncovered a horde of software flaws, which engineers are racing to fix before they can be exploited and abused by hackers.
Healey tells departments to make 1% cuts to fund defence
The reduction in public spending will go towards paying for the Defence Investment Plan.
Das sind die Gewinner der Business Traveller Awards 2026
Erfahren Sie, wer bei den Business Traveller Awards 2026 in den globalen und regionalen Kategorien den ersten Platz belegt hat. The post Das sind die Gewinner der Business Traveller Awards 2026 appeared first on Business Traveller.
Healey unveils £100 for energy bills and bank tax in first Budget
The chancellor targets the cost of living amid global economic turmoil but opposition parties say he has not been bold enough.
A Punishing Housing Market Is Squeezing Renters
Higher mortgage rates and slowing residential construction are again giving landlords the upper hand.
Three ways the Budget affects you
The BBC's Esyllt Carr explains how the chancellor's spending plans impact young people.
The Budget explained in less than one minute
What the Budget means for you in under a minute
Trump’s Push to Fire Fed Governor Lisa Cook Looms Over Warsh
Lisa D. Cook, a Fed governor, is set to face an unorthodox, private hearing over allegations of mortgage fraud she has consistently denied.
Tax thresholds remain unchanged - here's what it means for your pay
The point at which you start to pay tax, and the point where you tip into paying a higher rate of tax have been frozen for three more years.