Central banking

Minneapolis Fed President Kashkari sees a slower pace of rate cuts ahead

Minneapolis Federal Reserve President Neel Kashkari said Monday that he expects policymakers to dial down the pace of interest rate…

Bank of England presses pause on rate cuts, highlights ‘gradual approach’

LONDON — The Bank of England on Thursday said it would hold interest rates steady following its initial cut in…

Ray Dalio says the Fed has a tough balancing act as the economy faces ‘enormous amount of debt’

As the U.S. Federal Reserve implemented its first interest rate cut since the early Covid-19 pandemic, billionaire investor Ray Dalio…

Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years

WASHINGTON – The Federal Reserve on Wednesday enacted its first interest rate cut since the early days of the Covid…

Jumbo 50 basis points Fed rate cut should not raise alarm, analyst says

The U.S. Federal Reserve can afford to make a jumbo 50 basis point rate cut next week without spooking markets,…

Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’

Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact…

Here’s everything to expect from Fed Chair Powell’s speech Friday in Jackson Hole

For all the attention being paid to Federal Reserve Chair Jerome Powell’s policy speech Friday, the chances of it containing…

Philadelphia Fed President Harker advocates for interest rate cut in September

Philadelphia Federal Reserve President Patrick Harker on Thursday provided a strong endorsement to an interest rate cut on the way…

Fed minutes point to ‘likely’ rate cut coming in September

Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a…

Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data

Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor…