Economy

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…

Powell downplays impact of rate cut on Trump-Harris presidential race

Federal Reserve Chair Jerome Powell suggested that Wednesday’s larger-than-expected interest rate cut may have a limited effect on the presidential…

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…

Ray Dalio names the top five forces shaping the global economy

SINGAPORE — U.S. billionaire Ray Dalio named the top five forces at the front and center of the world’s economy. …

The Fed’s biggest interest rate call in years happens Wednesday. Here’s what to expect

For all the hype that goes into them, Federal Reserve meetings are usually pretty predictable affairs. Policymakers telegraph their intentions…