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Global stocks were mostly lower on Friday, edging down from recent all-time highs in a move attributed to profit-taking after a busy week of central bank moves, while UK stocks...
The United States Federal Reserve, its central bank, did not increase the interest rate as it had done since 2022, in its December meeting, and the status quo — the...
The US Federal Reserve is widely expected to hold interest rates steady on Wednesday after a summer of mixed economic data, while leaving the door open to another hike if...
Federal Reserve Chair Jerome Powell on Friday did little to dissuade markets from the “higher for longer” mantra for rates that has driven up Treasury yields in recent weeks, leaving...
Cooling US inflation is accelerating a decline in the dollar, and risk assets around the world stand to benefit. The dollar is down nearly 13% against a basket of currencies...
US central bankers should not raise interest rates at their next meeting, Philadelphia Federal Reserve (Fed) President Patrick Harker said on Thursday, even though high inflation is coming down at...
The US Federal Reserve’s decision on Wednesday to increase the interest rate by 25 basis points, from 5 to 5.25 per cent has sent a flutter across the banking business...
European and US stock markets wobbled on Friday as dealers digested mixed data and looked forward to more corporate earnings reports. The dollar rose against the pound and yen as...
The Central Bank of the UAE (CBUAE) has decided to raise the base rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points - from 4.65 per cent...
The Federal Reserve (Fed) may need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the “totality”...
