Tag #Interest Rates

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US Stocks Plunge Amid Weak Jobs Report and New Tariffs

US stocks fell sharply on Friday, with the Dow, S&P, and Nasdaq experiencing significant declines, driven by a disappointing July jobs report (73,000 jobs added, below expectations) and the Trump administration's announcement of new tariffs on over 60 countries, including a 35% tariff on Canadian im...

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usa.chinadaily.com.cn
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Fed Holds Interest Rates Steady Amid Inflation Concerns

The US Federal Reserve kept interest rates unchanged at 4.25% to 4.5% on Wednesday, resisting pressure from President Trump to lower rates despite a 3% GDP growth in Q2, citing elevated inflation and economic uncertainty. Two Fed governors dissented, the first split vote in over 30 years.

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cbsnews.com
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Fed Holds Interest Rates Steady, Leaving Borrowers with High-Rate Debt Burdened

The Federal Reserve kept its benchmark interest rate frozen at 4.25%–4.50%, disappointing borrowers with high-rate debt, particularly credit card debt averaging $8,000 and rates near 23%, until their mid-September meeting.

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smh.com.au
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Australian Retail Sales Soar on Bargain Hunting Amid US Tariff Woes

Fueled by bargain hunting, Australian retail sales jumped 1.2 percent in June, exceeding expectations threefold, while the US tariff changes negatively impacted Australian exporters like Cettire, which saw a 20 percent share price drop.

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pt.euronews.com
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Fed Holds Interest Rates Steady, Defying Trump

On Wednesday, the Federal Reserve kept its benchmark interest rate unchanged at around 4.3%, rejecting President Trump's repeated calls for a rate cut, despite some internal dissent within the Fed; the decision increases the tension between the Fed and the White House.

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abcnews.go.com
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Asia Markets Mixed After Inconclusive US-China Trade Talks

Asian markets reacted to inconclusive US-China trade talks with mixed results; Hong Kong's Hang Seng fell, while Shanghai's Composite rose, amidst looming tariff deadlines and economic reports indicating a potential US slowdown.

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europe.chinadaily.com.cn
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Fed Holds Interest Rates Steady Amidst Inflation Concerns and Trump Pressure

The US Federal Reserve maintained its target federal funds rate at 4.25-4.5 percent on Wednesday, despite pressure from the Trump administration to lower rates, citing concerns about inflation and economic uncertainty; a 9-2 vote reflects internal disagreement.

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theglobeandmail.com
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Bank of Canada Holds Rates Steady; Gen Z Prioritizes Retirement Savings

The Bank of Canada maintained its key interest rate at 2.75 percent for the third consecutive time, offering no relief to those facing mortgage renewals, while Gen Z prioritizes retirement savings over homeownership, and a Burlington property offers a unique, secluded living experience.

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npr.org
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Fed Holds Interest Rates Steady Amidst Trump Pressure and Internal Dissent

The Federal Reserve held interest rates steady despite President Trump's calls for a cut, with two dissenting votes from Trump appointees; the U.S. economy grew at 3% in the second quarter, but this was influenced by changes in imports.

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smh.com.au
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Fed Resists Trump's Rate Cut Pressure

The US Federal Reserve Board resisted President Trump's calls to lower interest rates, despite two Trump-appointed governors dissenting; the long-term economic impact of Trump's trade policies on inflation and employment remains uncertain.

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smh.com.au
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Soaring Australian House Prices Exacerbate Affordability Crisis

Australian house prices are rising across major cities, reaching record highs in Sydney and other capitals due to a shortage of properties and recent cuts to official interest rates, exacerbating the housing affordability crisis despite a rise in dwelling approvals.

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theglobeandmail.com
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U.S.-EU Trade Deal Stalls European Stock Rally

A new U.S.-EU trade deal, involving a 15% tariff on most EU goods, has stalled a recent rally in European stocks, while U.S. stocks continue to reach new highs due to optimism around trade, AI, and potential interest rate cuts. The euro is also expected to fall for the first time this year.

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Showing 289 to 300 of 1,742 results