rates

WORLD

Fed Surprises Financial Markets, Won’t Rush to Cut Interest Rates

June 15, 2024
cut
FED
rates

U.S. inflation fell to 3.3% in May, boosting expectations for early interest rate cuts and supporting the stock market and President Joe Biden. Data released on Wednesday, June 12, 2024, a few hours before Federal Reserve (Fed) officials unveiled their plans for rate cuts this year, slightly missed economists’ expectations. The S&P 500 gained 0.9%, […]

WORLD

The ECB cuts interest rates for the first time in 5 years

June 8, 2024
5 years
cuts
ecb
economy
rates

The European Central Bank (ECB) has cut interest rates for the first time in nearly five years, warning that further reductions will depend on the easing of price pressures. Thursday’s rate cut from 4% to 3.75%, not mirrored by central banks in the US and UK, marks a milestone in the fight against inflation following […]