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Fed cuts key interest rate half a point as inflation eases. Will borrowers get a break?

The Federal Reserve cut its key interest rates half a percentage point Wednesday, a strong move that reverses two years of rate increases and giving consumers new hope that borrowing costs will come down. Its target rate was 5.25% to 5.5%. It will now be in the range of 4.75% to 5%.

Bloomberg L.P. · 1d

Swiss Government Sees Sharp Drop in Inflation Rate Next Year

Switzerland’s government slashed its inflation forecasts, a move in line with expectations that the central bank will cut interest rates again when officials meet next week.

The Associated Press - Busines… · 1d

Federal Reserve signals end to inflation fight with a sizable half-point rate cut

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation but also made borrowing painfu

Eurozone, inflation

UPI News on MSN · 17h

Bank of England holds Bank Rate steady at 5%, urging sustainable path to target inflation

The Bank of England on Thursday held interest rates steady, saying it most work to reach its goal of 2% inflation in a sustainable way.

Business Insider · 1d

Eurozone Inflation Confirmed At 2.2%

Eurozone inflation slowed in August, as initially estimated, revised data from Eurostat showed on Wednesday. The harmonized index

SFGate · 2d

UK inflation is steady at 2.2% ahead of Bank of England's next rate decision

Inflation in the U.K. held steady at an annual rate of 2.2% in August, with higher air fares offset by lower fuel costs and restaurant and hotel bills, official figures showed Wednesday. The latest reading from the Office of National Statistics means inflation remains just above the Bank of England's target of 2%.

Japan’s Inflation Accelerates for 4th Month as BOJ Meets

Reuters · 7h

Japan's core inflation accelerates for 4th month in August

Japan's core consumer inflation accelerated for the fourth straight month in August and tracked comfortably above the central bank's 2% target, data showed on Friday, keeping alive expectations for further interest rate hikes.

Bloomberg L.P. · 7h

Japan’s Inflation Accelerates for Fourth Month as BOJ Meets

Japan’s key inflation gauge accelerated in August for a fourth consecutive month, hours before the Bank of Japan is scheduled to wrap up its latest policy decision meeting.

Daily Journal · 6h

Japan inflation firms to 2.8% ahead of BoJ rate decision

Japanese inflation rose slightly in August, with prices up 2.8 percent year-on-year, official data showed Friday, hours before the Bank of Japan was widely expected to leave interest rates unchanged.

20h

Ukraine Extends Interest-Rate Pause as Inflation Flares Up

Ukraine’s central bank left interest rates unchanged for a second straight meeting in a sign that policymakers won’t tolerate ...

Here’s why savers should find an APY that surpasses the rate of inflation

With multiple Federal Reserve rate cuts expected this year and into 2025, yields on many deposit accounts have been ...

Saudi Arabia's inflation rate inches up to 1.6% in August

Saudi Arabia's annual inflation rate inched up to 1.6% in August, from 1.5% in July, government data showed on Sunday, driven ...

14h

Interest Rates & Inflation: Bank Rate Held At 5% In Battle Against Persisent Price Rises

Analysts Expect Cuts Before Christmas The Bank of England held its main interest rate at 5% today despite a 0.5% percentage point cut by t ...

Consumer inflation slows to lowest rate since February 2021

Inflation continues to loosen its grip on American consumers, with price hikes slowing by the most in three and a half years, ...

3hon MSN

Biden praises interest rate cuts, slams Trump’s economic plans in DC speech

Biden said the Federal Reserve’s decision to lower interest rates was “an important signal” that inflation has eased as he ...

1don MSN

Odds of UK interest rate cut this week fall after inflation sticks at 2.2%; rents keep soaring – business live

UK inflation rate remained unchanged last month, as air fares rose and petrol prices dropped, but underlying inflation has ...

UK Inflation Stable At 2.2% In August: Official Data

British annual inflation rate was unchanged at 2.2 percent in August, remaining slightly above the Bank of England's target, official data showed on Wednesday.

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