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Threats to the global economy came at a furious pace during US President Donald Trump's first eight months in office

Global economy takes Trump shocks in stride - for now

Threats to the global economic order have come at a furious pace during President Donald Trump's first eight months in office - from a massive tariff shock to a battle for control of the Federal Reserve and even an emerging form of US state capitalism.

Business • 11 hrs

Fed delivers rate cut, sees steady pace of further cuts

The Federal Reserve has cut interest rates by a quarter of a percentage point and indicated it will steadily lower borrowing costs for the rest of this year.

Business • 18 Sep

Oil edges down as investors assess Russia supply risks

Oil prices eased today, after rising more than 1% in the previous session, as investors assessed Russian supply risks following Ukrainian drone attacks on energy infrastructure.

Business • 17 Sep

A woman in a light grey specked suit raises her hand at a meeting

US appeals court rejects Trump bid to oust Fed's Cook

A US appeals court has declined to allow Donald Trump to fire Federal Reserve Governor Lisa Cook - the first time a president has pursued such action since the Fed's founding in 1913 - in the latest step in a legal battle that threatens the Fed's longstanding independence.

Business • 16 Sep

Fanned out dollars in front of a trader's screen to indicate inflation

US consumer inflation heats up but unlikely to deter cut

US consumer inflation rose last month to its highest level since January, government data showed today, although analysts believe that this is unlikely to deter the US Federal Reserve from an interest rate cut next week.

Business • 11 Sep

US judge temporarily blocks Trump from removing Cook

A federal judge has temporarily blocked President Donald Trump from removing Federal Reserve Governor Lisa Cook, an early setback for the White House in an unprecedented legal battle that could upend the Fed's long-held independence.

Business • 10 Sep

Are we done already? 5 questions ahead of ECB meeting

The European Central Bank is set to hold interest rates steady for a second meeting in a row on Thursday, with investors watching for any hints that the bank is done with cutting them.

Business • 08 Sep

US job growth weakened sharply in August, jobless rate up

US job growth weakened sharply in August while the unemployment rate increased to 4.3%, confirming that labour market conditions were softening and sealing the case for an interest rate cut from the Federal Reserve this month.

Business • 05 Sep

Bank of England's Bailey says US Fed situation 'serious'

Any threats to the US Federal Reserve's independence would be a "very serious" issue, Bank of England Governor Andrew Bailey said today.

Business • 03 Sep

Mounting expectations for a US Federal Reserve interest rate cut this month is lifted demand for gold

Gold races to all-time high above $3,500

Gold rose over 1% today, surging to an all-time high above $3,500 per ounce, with investors piling into the metal on growing conviction of a Federal Reserve rate cut and lingering political and economic risks.

Business • 02 Sep

Donald Trump gestures during a cabinet meeting at the White House

'Serious danger' if Trump controls Fed, says Lagarde

Steps by US President Donald Trump to remove Federal Reserve Chairman Jerome Powell or Fed governor Lisa Cook would represent a "very serious danger for the US economy and the world economy", European Central Bank President Christine Lagarde has said.

World • 01 Sep

US reports solid July consumer spending

US consumer spending increased solidly in July while underlying inflation picked up as tariffs on imports raised prices of some goods, but that data will probably not prevent the Federal Reserve from cutting interest rates next month against the backdrop of softening labour market conditions.

Business • 29 Aug

US judge sets quick schedule in Fed Governor's lawsuit

A federal judge said today that she would set an expedited briefing schedule in Federal Reserve Governor Lisa Cook's bid to temporarily block President Donald Trump from firing her while she pursues a lawsuit that says he has no valid reason to remove her from the U.S. central bank.

Business • 29 Aug

A woman in a black suit sits at a board table

Fed Governor Cook sues Trump after he tried to fire her

US Federal Reserve Governor Lisa Cook has today filed a lawsuit, claiming US President Donald Trump has no power to remove her from office, setting up a legal battle that could reset long-established norms for the Fed's independence.

Business • 28 Aug

US corporate profits rebound in Q2, GDP growth revised up

US corporate profits rebounded in the second quarter, but tariffs on imports are raising costs for businesses, which could limit further gains and hamper economic growth.

Business • 28 Aug

Erosion of Fed independence would lead to inflation: Rehn

President Donald Trump's escalating attacks on the US Federal Reserve could have substantial and global knock-on effects on the financial markets and the real economy, ECB policymaker Olli Rehn said in a speech today.

Business • 28 Aug

A man and a woman hacing a conversation at a board room table

US Fed Governor Cook will sue to keep her job

US Federal Reserve Governor Lisa Cook will file a lawsuit to prevent President Donald Trump from firing her, a lawyer for the embattled central bank official has said, kicking off what could be a protracted legal fight over the White House's effort to shape US monetary policy.

Business • 27 Aug

Trump moves to fire Fed governor on mortgage fraud claims

US President Donald Trump continued to increase pressure on the Federal Reserve yesterday by moving to fire Governor Lisa Cook "effective immediately", a step the independent central bank official said he had "no authority" to take.

Business • 26 Aug

Federal Reserve Chair Jerome Powell speech displayed on a tv as traders work on the floor of the New York Stock Exchange

US Fed chair leaves door open to interest rate cut

US Federal Reserve Chair Jerome Powell today pointed to a possible rate cut at the Fed's September meeting but stopped short of committing to cutting interest rates.

Business • 22 Aug

US Federal Reserve policymakers voted to keep interest rates unchanged at a range between 4.25-4.5% at their last meeting

US Fed more concerned with inflation risk than jobs

A majority of Federal Reserve officials found that risks surrounding US inflation outweighed those to employment, minutes of a recent policy meeting showed - underscoring a central bank divide over the effects of President Donald Trump's tariffs.

Business • 21 Aug

Trump again attacks Fed chair Powell

US President Donald Trump said yesterday that Federal Reserve Chair Jerome Powell is "hurting" the housing industry "very badly" and repeated his call for a big cut to US interest rates.

Business • 20 Aug

US President Donald Trump and Federal Reserve Chair Jerome Powell spar over the bank's renovation costs

Trump says may allow lawsuit against Fed chair

US President Donald Trump said today that he is "considering allowing a major lawsuit against" the US Federal Reserve chief to proceed, as he renewed pressure on Fed Chair Jerome Powell to lower interest rates.

Business • 12 Aug

US consumer prices increase moderately in July

US consumer prices increased moderately in July, though rising costs for goods because of import tariffs led to a measure of underlying inflation posting its largest gain in six months.

Business • 12 Aug

Picture of Stephen Miran who has been nominated by US President Donald Trump to the board of the US Federal Reserve

Trump's nominee for the Fed wants to overhaul it

Having railed against the "revolving door" between the executive branch and the US Federal Reserve, Council of Economic Advisers Chair Stephen Miran may now be walking through it after President Donald Trump nominated him to the Board of Governors of an institution Miran would like to radically over

Business • 08 Aug

Fed board should assume control if Powell won't cut:Trump

US President Donald Trump has today urged the Federal Reserve board to assume control if Fed Chair Jerome Powell continues to refuse to lower interest rates.

Business • 01 Aug