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The Latest Breaking News from the US Federal Reserve

Boeing shares fall as factory workers begin strike; UK interest rates to fall to 3% next year, predicts Goldman – as it happened

“We are ready to get back to the table to reach a new agreement,” Boeing pledges, as walkout over pay deal begins

The Guardian - UK

Central banks should be independent of government. But our research shows they are under political pressure

Central banks should be independent of government. But our research shows they are under political pressure

In 2023, central banks, which manage the monetary policy of a country, faced unprecedented financial losses – the US Federal Reserve alone reported a record US$114.3 billion (£86 billion) operating loss.

The Conversation

Company insolvencies in England and Wales higher in past year than during financial crisis; gold hits record highs – as it happened

Company insolvencies in England and Wales higher in past year than during financial crisis; gold hits record highs – as it happened

Company failures dip in July, but over the last 12 months are higher than in 2008-09

The Guardian - UK

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Federal Reserve ‘poised to begin cutting rates as early as September’

Bank officials signal readiness to start interest rate-cutting cycle to ease pressure on households and businesses

The Guardian - UK

Fed Under Pressure To Cut Rates As Market Turmoil Continues

The ongoing global stock sell-off has fueled calls for the US Federal Reserve to lower interest rates swiftly and decisively, with some analysts now calling for it to make an emergency cut before its September rate decision.

International Business Times

Global oil prices jump after Hamas leader's assassination in Iran

Global oil benchmarks Brent crude and West Texas Intermediate surged this Wednesday on the news that Hamas's political leader Ismail Haniyeh had been killed by a suspected Israeli strike in Iran. Fears over a regional escalation of the Israel-Hamas war are fuelling concerns over production and distribution of oil in…

US Fed Expected To Pause Again And Hint At September Rate Cut

The US Federal Reserve is highly unlikely to waver from its position of holding interest rates at a two-decade high on Wednesday, but could drop hints about a September start to rate cuts.

International Business Times

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An in-depth look at the life and career of Federal Reserve Chair Jerome Powell

An in-depth look at the life and career of Federal Reserve Chair Jerome Powell

As Chair of the Federal Reserve, Jerome Powell steered the economy through the COVID-19 pandemic and subsequent inflationary pressures.

US Fed Could Open The Door To A September Rate Cut This Week

US Fed Could Open The Door To A September Rate Cut This Week

The US Federal Reserve may signal this week that interest rate cuts are on the way -- although it is widely expected to remain on pause until its next rate decision in September.

International Business Times

Evolve Bank admits cyberattack saw millions of customers have data stolen

Evolve Bank admits cyberattack saw millions of customers have data stolen

LockBit stole sensitive information on more than seven million customers, but Evolve isn't paying up.

Fed's Powell Says US Making 'Modest' Progress On Inflation

Fed's Powell Says US Making 'Modest' Progress On Inflation

The US Federal Reserve is making "modest" progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress.

International Business Times

US Fed Has Made 'Quite A Bit Of Progress' On Inflation: Powell

US Fed Has Made 'Quite A Bit Of Progress' On Inflation: Powell

The US Federal Reserve has made "quite a bit of progress" in its fight against rising prices and could hit its inflation target as soon as next year, Fed chair Jerome Powell said Tuesday.

International Business Times

LockBit hackers lied — they didn't hit the US Federal Reserve after all

LockBit hackers lied — they didn't hit the US Federal Reserve after all

The data LockBit apparently stolen from the Fed actually belonged to an actual bank.

Japan signals it may prop up yen after currency falls to 38-year low

Japan signals it may prop up yen after currency falls to 38-year low

Japanese Finance Minister Shunichi Suzuki says authorities watching currency’s slide with ‘sense of urgency’.

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LockBit hackers claim to have cracked the US Federal Reserve

Some are calling it a bluff, saying LockBit doesn't have the strength to pull off such a hesit.

US Federal Reserve keeps rates steady despite softer inflation data

The US Federal Reserve has decided to keep its lending rate unchanged at the current 5.25-5.50 percent range and projected just one rate cut this year, despite soft inflation data. But first, the European Commission has informed China that it will impose new tariffs of up to 38 percent on…

International Business Times

US Consumer Inflation Falls But Fed Opts To Hold Interest Rates

US consumer inflation continued to cool last month, according to US government data published Wednesday, giving the US Federal Reserve some positive news shortly before it announced its decision to hold interest rates at a 23-year high.

International Business Times

US Fed Likely To Remain On Pause And Pare Back Rate Cut Expectations

The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data.

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ECB Cuts Interest Rates Ahead Of US Federal Reserve

European Central Bank cuts interest rates to stimulate economy and consumer spending, reflecting global economic concerns.

European Inflation Rises To 2.6%, ECB Expected To Cut Rates

European inflation rises to 2.6% in May, prompting ECB to consider interest rate cut ahead of the U.S. Federal Reserve.

International Business Times

ECB Can Start Cuts Before Fed, Says Finnish Bank Governor

The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn told AFP. "While we don't make policy in a vacuum, the ECB is not the 13th Federal district…

International Business Times

US Inflation Fight Will Take 'Further Time': Senior Fed Official

The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday.

International Business Times UK

'Big Short' Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund

Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.

International Business Times

Asia Tracks Another Rally On Wall St As US Rate Optimism Lingers

Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.

Czech Central Bank Cuts Interest Rate Amid Economic Recovery

Czech Republic's central bank cuts interest rates for the fourth time due to decreasing inflation and positive economic indicators. Global central banks as...

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