1 · Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
The Bank of England kept rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs put pressure on prices.
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The Bank of England kept rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs put pressure on prices.
Public headline from Yahoo Finance: “Stock market today: Dow, S&P 500, Nasdaq rise as Fed rate hike pacifies markets' inflation worries”. Read the linked source; Lab does not endorse or recommend trades.
In a widely anticipated move, the Fed raised the overnight funds rate by a quarter percentage point and signaled another hike could come this year.
The Federal Reserve unanimously raised interest rates by a quarter point despite repeated calls from President Donald Trump for lower rates.
Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
Rates are held for the sixth time in a row but the Bank says they are likely to rise if high energy prices continue.
President Donald Trump previously threatened to cut off trade with countries that have trade surpluses with the U.S. if the Fed doesn't cut interest rates.
Salesforce issued some updated longer-term financials at its annual Dreamforce conference.
The Federal Reserve raised interest rates for the first time since 2023.
U.S. House has paved the way for a legislation that will allow Trump to impose up to 100% tariffs on countries buying Russian oil, giving him leverage against India and China.
Public headline from Yahoo Finance: “Stock Market Today: Dow Rises In Fed Aftermath; Generac, Nebius, Bloom, SpaceX Are Early Movers (Live Coverage)”. Read the linked source; Lab does not endorse or recommend trades.
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