Howard Lutnick, Trump Commerce secretary pick, says it's 'nonsense' that tariffs cause inflation
President Donald Trump’s nominee to lead the Commerce Department, Howard Lutnick, told senators the argument that tariffs ...
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Lutnick backs broad approach to tariffs, insists they don't cause inflation
President Trump's pick to lead the Commerce Department, Howard Lutnick, on Wednesday said he would support imposing blanket ...
Fed holds rates steady, hitting pause after series of cuts
The central bank’s decision to pause at its first meeting of 2025 followed a series of cuts that began in September to ...
Fed hits pause on interest rate cuts amid Trump’s flurry of economic plans
Consumers and traders are waiting to learn if the Fed’s pause is a one-meeting hold or the start of a longer stretch.
Economy grew 2.8% in 2024, holding strong despite high interest rates
The new data were published Thursday by the Bureau of Economic Analysis in its report for gross domestic product for the ...
Bank of Canada cuts rates, says tariffs could stoke persistent inflation
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned ...
Miller points to Springfield as cause of Illinois’ mass layoffs, business closures
Illinois state Rep. Chris Miller says he speaks from painful experience when it comes to the subject of the state’s long ...
How Trump could radically reshape the Fed
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
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The Fed Didn't Budge on Interest Rates. Here's Why That's a Big Deal
Generally, when inflation is high and the economy is in overdrive, the Fed tries to pump the brakes by setting higher ...
When will mortgage rates go down? Here's what Australia's biggest banks say
Australia's biggest four banks are all predicting the Reserve Bank of Australia (RBA) will cut the official cash rate from ...
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The Bank of Canada Trims 25 Basis Points in Its First Announcement of the Year
The Bank of Canada cut its target for the overnight rate to 3.0 per cent, the Bank rate to 3.25 per cent, and the deposit ...
Trump’s Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days
Billionaire financier Howard Lutnick, President Donald Trump’s choice to lead the Commerce Department, said Wednesday that he ...