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Odds for interest-rate cut in 2026 triple amid Iran war uncertainty
3+ week, 14+ hour ago (410+ words) Federal Reserve officials stuck to their projection of one interest-rate cut this year at their meeting in March despite uncertainty around the war in Iran " and the odds of at least one cut tripled Wednesday following the start of a…...
Asian economies should boost trade with each other to weather global shocks: IMF
11+ min ago (734+ words) As energy vulnerabilities persist, IMF's Asia-Pacific director Krishna Srinivasan says stronger regional trade could help Asia sustain growth and create jobs. Krishna Srinivasan, director of the IMF's Asia and Pacific Department, speaks to CNA during an interview. SINGAPORE: Asian economies…...
Central Banks set to stay on hold this week
2+ day, 8+ hour ago (396+ words) This week is packed with Central Bank meetings. The Bank of Japan kicked them off today with a hawkish hold on its short term policy rate, setting the stage for the rest of the week. Tomorrow the US Federal Reserve…...
Oil worries spook European markets before ECB and Bo E decisions
7+ hour, 38+ min ago (766+ words) A man walks in front of an electronic screen displaying Japan's Nikkei stock prices quotation board inside a conference hall in Tokyo, Japan, April 27, 2026. REUTERS/Issei Kato LONDON, April 30: Renewed risk aversion swept global equity and bond markets on Thursday…...
Federal Reserve projects one rate cut this year, sees limited economic impact from Iran war
1+ mon, 1+ week ago (474+ words) WASHINGTON " Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut its key rate once in 2026. For now, Fed policymakers left short-term interest rates unchanged…...
Trump called for a 10% cap on card rates by Jan. 20. What happened?
3+ mon, 1+ week ago (733+ words) President Donald Trump called for credit card companies to cap interest rates at 10%, roughly halfthe industry average, effective Jan. 20. That date arrived, and credit card rates have hardly budged. In a Jan. 9 post on Truth Social, Trumpsaidthat "we will no…...
Rising temperatures spark comeback for India's consumer durables sector: Report
1+ hour, 33+ min ago (61+ words) India's consumer goods sector is seeing a strong rebound. Rising temperatures are boosting sales, especially in southern regions. While April sales were flat, the coming months look promising. Companies are increasing prices to manage costs. Premium products are selling well,…...
CNN WIRE " Federal Reserve holds interest rates steady: VIDEO
16+ hour, 9+ min ago (505+ words) Kevin Warsh, President Donald Trump's nominee to succeed Powell, is widely expected to favor additional rate cuts this year, and he cleared a key hurdle in his confirmation process earlier Wednesday, putting him firmly on track to assume one of…...
A new Social Security COLA projection may be cause for "worry," senior group says
2+ week, 12+ hour ago (315+ words) (NEXSTAR) " If their current projections are right, next year's cost-of-living adjustment (COLA) for senior citizens receiving Social Security benefits could be cause for "worry," according to The Senior Citizens League. The Senior Citizen's League (TSCL), a nonpartisan organization aiming to…...
Inflation stayed stubbornly high heading into the Iran war, Fed's preferred gauge shows
2+ week, 6+ day ago (553+ words) (CNN) " Americans kept spending in February " but just enough to keep up with rising prices, new data showed Thursday; however, the Iran war is expected to push costs even higher. Consumer spending rose 0. 5% in February, up from a 0. 3% increase in…...