Economy
Fed holds rates days before US midterms but two officials dissented
The Federal Reserve kept interest rates unchanged on Wednesday, six days before the midterms, but two officials, including Governor Lisa Cook, whom US President Donald Trump is trying to fire, voted for a hike, with inflation at 3.7% and investors still braced for a rise in December.
Economy
What to expect from the Federal Reserve's next rate decision
The Federal Reserve is expected to keep interest rates on hold on Wednesday, six days before the US midterm elections, but with inflation at 3.7% and oil prices still elevated, investors see another hike in December as likely and will scour Chair Kevin Warsh's words for clues.
Economy
Could France's bond turmoil force the ECB's hand?
The European Central Bank is expected to hold rates next week as France's bond sell-off tightens borrowing conditions across the eurozone, while ECB President Christine Lagarde has made clear that the first steps to tackle French debt woes must come from Paris, not Frankfurt.
Economy
Record bets against the euro: how much further could it fall?
The euro hit a 17-month low as French debt fears and Europe's energy shock weigh on the currency. Bond market stress could limit further ECB rate hikes, while analysts see scope for the euro to fall to $1.10 if the pressure intensifies.
Economy
Bank of England holds rates at 3.75% as inflation hits five-month high
The Bank of England has kept its main interest rate at 3.75%, but three of its nine policymakers voted to raise it, exposing a divided committee as the energy shock from the Iran war pushes inflation to a five-month high of 3.1%.
Markets
European stocks rise after Fed hike while dollar hits seven-week high
European stock markets opened in positive territory on Thursday morning, shrugging off Wall Street's decline after the Federal Reserve raised interest rates for the first time in more than three years and signalled that further hikes are likely.
Economy
Fed hikes rates for the first time since 2023 in unanimous vote
The Federal Reserve has raised its benchmark interest rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023, in a unanimous 12-0 vote that puts Chair Kevin Warsh directly at odds with the US president who appointed him.
Economy
US inflation holds at 3.4% as monthly price rises hit fastest pace since May
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike.
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