Fed's united front on interest rates may soon be tested Federal Reserve officials are likely to hit a key milestone this week with an interest rate hike that effectively ends pandemic-era support for the US … Business • 25 Jul
US weekly jobless claims rise for second week in a row The number of Americans filing new claims for unemployment benefits rose for a second week in a row last week, suggesting some cooling in the … Business • 14 Jul
Oil down over $4 ahead of potential large US rate hike Oil prices fell more than $4 today as investors focused on the prospect of a large US rate hike later this month that could stem … Business • 14 Jul
US inflation reaches 40 year high in June US consumer prices accelerated in June as fuel and food costs remained elevated, resulting in the largest annual increase in inflation in over 40 years … Business • 13 Jul
Will Boris Johnson's resignation affect the UK economy? The UK Prime Minister Boris Johnson is set to resign as Conservative party leader but will stay as Prime Minister until a successor is in … Business • 07 Jul
Fed flags risk US inflation could become entrenched US central bankers last month flagged the concern that sky-high inflation could become a permanent fixture, and stressed their readiness to continue raising interest rates … Business • 07 Jul
Oil prices up over $1 but set for second weekly drop Oil rose by more than $1 a barrel today supported by tight supply, although crude was heading for a second weekly fall on concern that … Business • 24 Jun
US banks can weather severe downturn comfortably - Fed The largest US banks have easily cleared the Federal Reserve's annual health check, in a vote of confidence for the sector amid signs the US … Business • 24 Jun
US weekly jobless claims fall less than expected The number of Americans filing new claims for unemployment benefits fell less than expected last week, hinting at some cooling in the labour market, though … Business • 16 Jun
Oil falls after US rate hike, but tight supply in focus Oil prices erased early gains to head lower today, a day after a fall triggered by a US interest rate hike, though tight supply limited … Business • 16 Jun
Bank of England raises interest rates again today The Bank of England has today raised interest rates by a further quarter of a percentage point but said it was ready to act "forcefully" … Business • 16 Jun
US Federal Reserve in biggest rate hike since 1994 The Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, and projected a slowing … Business • 16 Jun
US retail sales unexpectedly fall in May US retail sales unexpectedly fell in May as car purchases declined amid shortages, and record high gasoline prices pulled spending away from other goods. Business • 15 Jun
Wall Street shares sink amid inflation worries Wall Street stocks officially entered "bear market" territory last night after another drubbing as investors bet on more aggressive Federal Reserve rate hikes to address … Business • 14 Jun
Fed embraced rate hikes to curb inflation All participants at the Federal Reserve's May 3-4 policy meeting backed a half-percentage-point rate increase to combat inflation they agreed had become a key threat … Business • 26 May
US Fed hikes rates by half a percent to fight inflation The Federal Reserve made its biggest rate hike since 2000 with a half percentage point increase meant to crush soaring inflation in the United States. Business • 04 May
Euro edges lower after ECB comments on bond buys The euro edged lower today after European Central Bank officials made mixed comments, while expectations of a 50 basis points rate hike from the Federal … Business • 22 Apr
US unemployment rolls hit lowest level in 52 years The number of Americans filing new claims for unemployment benefits fell moderately last week, still suggesting that April was another month of strong job growth. Business • 21 Apr
Many US Fed officials support future half-point rise Several US Federal Reserve officials supported raising interest rates at their March policy meeting by half a percentage point in the future to combat inflation, … Business • 07 Apr
Expect ECB, Fed to be out of sync - ECB's Lagarde The world's two top central banks will move out of sync in the foreseeable future, as the war in Ukraine has vastly different effects on … Business • 21 Mar
US Federal Reserve raises interest rates by 0.25% The Federal Reserve has raised interest rates by a quarter of a percentage point and projected its policy rate would hit a range between 1.75% … Business • 17 Mar
US weekly jobless claims fall for second week in a row The number of Americans filing new claims for unemployment benefits fell more than expected last week, while layoffs declined sharply in February, indicating that the … Business • 03 Mar
Fed officials see accelerated US rate hikes Faced with stubbornly high inflation, the US Federal Reserve is considering an accelerated schedule for raising the benchmark borrowing rate, according to minutes of its … Business • 17 Feb
Fed signals first US rate hike since pandemic for March US Federal Reserve Chair Jerome Powell has given a clear signal that the bank is ready to raise US interest rates in March for the … Business • 27 Jan
Fed sees rate hikes 'sooner' as inflation spikes US Federal Reserve officials last month were concerned about the Omicron impact, but believed the US economy had recovered enough from the pandemic downturn that … Business • 06 Jan
