Economy

Fed holds rates steady, indicates it is not ready to start cutting

WASHINGTON — The Federal Reserve on Wednesday sent a tepid signal that it is done raising interest rates but made…

Bank of England could be about to open the door to interest rate cuts

LONDON — The Bank of England is widely expected to hold interest rates steady at 5.25% on Thursday, but market…

Private payroll growth slowed to just 107,000 in January, below expectations, ADP reports

Private payroll growth declined sharply in January, a possible sign that the U.S. labor market is heading for a slowdown…

White House touts highest consumer confidence in more than 2 years

The White House cheered the Conference Board report on Tuesday showing consumer confidence rising to its highest level in more…

A change to this one clause could be the most important part of the Fed meeting

Immediately after the Federal Reserve wraps up its meeting this week, all eyes are likely to gravitate to one small…

IMF warns British government against more tax cuts

LONDON — The U.K. government should not introduce further tax cuts this year, the International Monetary Fund said Tuesday, as…