The Latest Breaking News from Inflation

Committee votes by five votes to four in favour of cut as governor says inflationary pressures have eased enough

UK interest rates have been cut for the first time in more than four years, releasing some pressure on borrowers as the Bank of England was…

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

Most equity markets rose Thursday after the Federal Reserve flagged a possible interest rate cut next month, but Tokyo's Nikkei tumbled on a stronger yen following a hike by the Bank of Japan.

The Bank of England announces its latest interest-rate decision Thursday, with analysts split on whether it will cut for the first time since the Covid pandemic after inflation's retreat.

The main indexes notched impressive gains Wednesday on solid earnings and signs the Fed could start cutting rates as soon as September.

The Federal Reserve left interest rates unchanged but signaled it could pivot to lowering borrowing costs sooner rather than later.

The dollar index (DXY00 ) Wednesday fell by -0.50% and posted a 1-1/2 week low. The dollar retreated Wednesday as the yen soared to a 4-1/2 month high against the dollar after the BOJ unexpectedly raised its benchmark interest rate. The dollar was also under pressure from a sharp rally...

Chair Jay Powell says central bank ‘getting closer to the point’ of possible rate cut – ‘but we’re not quite there yet’