WASHINGTON- The U.S. central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025, but Federal Reserve Chair Jerome Powell cautioned against putting too much weight on that view, and said he expects "meaningful" inflation ahead as consumers pay more for goods due to the Trump administration's…
Economic News
The Federal Reserve kept benchmark interest rates steady on Wednesday, defying President Trump’ s call for a large cut to juice the economy. The Fed is on track for two rate cuts later in the year, but it is raising concerns about the potential for slower growth and higher inflation. “It’ s also possible the inflationary effects could be more persistent,” Mr. Powell said,…
President Trump slammed Federal Reserve Chairman Jerome Powell ahead of an expected decision Wednesday to leave interest rates where they are instead of agreeing to the president's demand for a cut. "We have a stupid person at the Fed, he probably won't cut today," Mr. Trump said as he inspected new flagpoles at the White House. Mr. Powell says he needs to take it slow…
—The Federal Reserve kept interbank interest rates at a range of 4.25 to 4.5 percent on Wednesday amid trade policy fluctuations and pressure from President Donald Trump. Fed officials stressed the overall health of U.S. economic conditions, which has seen decreasing inflation in recent months along with steady levels of low unemployment.
The Federal Reserve announced Wednesday in its fourth meeting of 2025 that it would continue to hold interest rates steady. President Donald Trump has repeatedly called for Federal Reserve Chair Jerome Powell to lower interest rates in recent months, referring to him as "too late Powell" in a June 4 Truth Social post. In May, Trump's Federal Housing Finance…
U.S. stocks drifted after the Federal Reserve indicated it may cut interest rates twice this year, though it’ s far from certain about that. Treasury yields also wavered but ultimately held relatively steady after Fed Chair Jerome Powell said the central bank is still waiting to see what the effects of tariffs will be on the economy before deciding its next moves…
—Federal Reserve keeps its key rate unchanged and still expects two rate cuts this year.
According to performance across reliable trading platforms, the US Dollar has not found sustained support in global markets, with selling occurring at price rallies despite ongoing tensions in the Middle East. Given the multitude of local and global risks, trading volatility is inevitable, and any escalation in the Middle East would signal a significant…
–The overall Trend for Gold: Bullish.– Today's Gold Support Levels: $3340– $3300– $3260 per ounce.– Today's Gold Resistance Levels: $3410– $3465– $3530 per ounce.. –Sell Gold from the resistance level of $3410 with a target of $3340 and a stop-loss at $3480.– Buy Gold from the support level of $3300 with a target of $3500 and a stop-loss at $3280. Today, the gold price index…
—U.S. stocks drifted after the Federal Reserve indicated it may cut interest rates twice this year, though it’ s far from certain about that. Treasury yields also wavered but ultimately held relatively steady after Fed Chair Jerome Powell said the central bank is still waiting to see what the effects of tariffs will be on the economy before deciding its next moves…
DETROIT, MICHIGAN- June 18, 2025- Last year, investor sentiment for benchmark interest rate cuts rose, thanks in large part to actions taken by the Federal Reserve. An exchange-traded fund managed by Infrastructure Capital Advisors- commonly known as InfraCap- the main priority of BNDS is to maximize current income for its stakeholders. However, with the trade…
The Office of National Statistics said consumer prices rose by 3.4% in the year to May, down from 3.5% the previous month. That means inflation remains substantially above the Bank of England's target rate of 2%. Economists, including those at the Bank of England, expect inflation to remain above target over the rest of the year.
—Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March. The Fed kept its key rate unchanged for the fourth straight meeting Wednesday, and said the economy is expanding at“ a solid pace. The Fed also signaled it would cut rates just once in…
The Central Bank of Nigeria has introduced time-bound measures for some banks still completing their transition from the temporary regulatory support provided in response to the economic impact of the COVID-19 pandemic. According to a statement issued by Mrs Hakama Sidi-Ali, CBN's Acting Director, Corporate Communications Department, this is part of its…
On April 5, 2025, the Federal Reserve Bank of St. Louis Economic Policy Uncertainty Index, which provides a daily uncertainty index based on news, forecasting, and tax codes for the United States, reported its highest score in the past 12 months. Since that time, expectedly business leaders throughout Las Vegas have been eager to discuss what economic headwinds…
—The U.S. economy is mostly in good shape but that isn't saving Federal Reserve chair Jerome Powell from a spell of angst. Yet President Donald Trump's widespread tariffs may push inflation higher in the coming months, while also possibly slowing growth. The Fed is in“ an uncomfortable purgatory,” said Diane Swonk, chief economist at accounting giant KPMG.“ Without…
Thriving on chaos, Trump strategically pressures the Federal Reserve into lowering interest rates while expanding executive power under the guise of emergency reform. As the U.S., China and Europe falter, he dictates recovery terms. Lower interest rates inflate stocks, reduce debt costs, and benefit Treasury markets— while everyday Americans foot the bill.
The Central Bank of The Gambia has forecast a 6.5 percent expansion of the national economy in 2025, citing improvements in public infrastructure, tourism, financial services, and telecommunications as key drivers of the anticipated growth. Governor Buah Saidy presented the projections on Wednesday during the Monetary Policy Committee's quarterly…
But here in June 2025, the picture looks a lot more complicated. The Federal Reserve is holding rates steady while inflation lingers, housing inventory is climbing, and whispers of a mild recession are getting louder. HELOC rates have climbed steeply over the last few years, largely mirroring the Federal Reserve' s aggressive stance on inflation.
