In an address to the World Economic Forum in Switzerland, delivered via video link Thursday, President Donald Trump revisited his displeasure with the policy direction of the U.S. Federal Reserve that surfaced during his first term in spite of having appointed the leader of the monetary body.
President Trump said if oil prices come down he'll demand lower interest rates immediately, adds he knows rates 'much better' than Fed officials
Britain's benchmark index, the FTSE 100, reached a record high as investors reacted positively to strong corporate updates and soothing comments by U.S. Federal Reserve Chair Jerome Powell. Companies like Shell and Watches of Switzerland Group contributed significantly to the index's rise,
President Donald Trump is putting pressure on policymakers to lower interest rates just days before the Federal Reserve's first rate-setting meeting of 2025. "With oil prices going down, I'
LONDON (Reuters) - The first central bank meetings of 2025 suggest it will be a year in which policymakers go their own way as economic paths diverge, as the United States holds interest rates steady, the euro zone cuts, and outlier Japan is firmly in hiking mode.
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.
Switzerland's foreign trade surplus increased notably during the year 2024 compared to last year amid a new record growth in exports
Policymakers left their benchmark rate unchanged amid signs that the economy is humming along, defying the president’s tradition-bucking pressure on the central bank.
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to account for progress already made on getting inflation down. Over the course of three meetings, the Fed lowered rates by a full percentage point to a range of 4.25 percent to 4.5 percent, which was maintained on Wednesday.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
President Trump has said he will "demand" lower interest rates, raising questions about his ability to influence the Federal Reserve.