The Fed likely won't raise rates this month — but November is another matter
Last week's economic data increasingly gave investors hope that the Federal Reserve could hold interest rates steady this month, following a hike in July that brought rates to their highest level in 22 years. But the Fed hasn't ruled out additional rate increases, and that could still happen unless inflation slows further.
2023-09-03 20:20
Russia's central bank raises interest rates to 12% after the ruble plunges
Russia's central bank hiked its main interest rate by 3.5 percentage points to 12% Tuesday after the ruble cratered to a 17-month low the previous day.
2023-08-15 17:48
US economy still needs 'multiple' rate hikes, says top Fed official
A senior official at the Federal Reserve is pushing back against growing hopes on Wall Street that the central bank could be nearly done raising interest rates.
2023-08-08 00:18
Spotify is hiking its prices
Spotify is the latest streaming service to hike its prices.
2023-07-24 19:54
Peacock is getting its first-ever price hike
Peacock, the NBCUniversal-owned streaming service, is getting its first-ever price hike.
2023-07-18 20:17
San Francisco Fed president: 'It's really too early to declare victory on inflation'
Despite promising signs that inflation is abating, San Francisco Federal Reserve Bank President Mary Daly said the fight against price increases isn't over.
2023-07-14 05:46
Foxconn: Apple supplier drops out of $20bn India factory plan
Some analysts say Foxconn's decision marks a setback to the country's technology industry ambitions.
2023-07-11 12:16
San Francisco Fed president: Silicon Valley Bank's failure wasn't our fault
Silicon Valley Bank failed because regulators were far too slow to take action, San Francisco Federal Reserve Bank President Mary Daly said Monday in her first extended remarks about the collapse.
2023-07-11 04:57
Why some central banks are rushing to hike rates now
Central bankers across the globe are delivering a message: Slow and steady won't win the race against inflation.
2023-06-25 17:26
Turkey hikes interest rates to 15% as Erdogan reverses policy on fighting inflation
Turkey's central bank hiked interest rates to 15% from 8.5% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to tame painfully high inflation.
2023-06-22 19:23
Just days after pausing rate hikes, Fed official calls for more increases
The dust has barely settled on the Federal Reserve's decision to pause its aggressive rate-hiking campaign — but in public appearances Friday, central bank officials have a clear message: Keep hiking.
2023-06-16 23:52
iPhone maker Foxconn to switch to cars as US-China tensions soar
The firm, which makes over half of the world’s Apple products, is looking for its next big growth driver.
2023-06-16 05:45