Fed Holds Interest Rates Steady, With December Hike in View
As expected, the US Federal Reserve opted to hold off on raising its key interest rate for now. There are strong indications that it will raise rates in December instead.
Business
South Korean Stocks Plunge 7.5% as Asian Markets Slide on Rate and AI Debt Fears
Asian stock markets, especially South Korea’s, are falling sharply. Concerns about interest rate hikes and AI companies’ debt are among the factors behind the declines.
Technology
Fed leaves interest rates unchanged, board disagrees on future outlook
The US Federal Reserve (Fed) - with new head Kevin Warsh at the helm - has, as expected, left US interest rates in the range of 3.50–3.75 percent. However, the Fed board disagrees on the future outlook.
Business
After Trump's new tariff threat, Sweden's trade minister says no drama for Sweden and Europe
Foreign Trade Minister Benjamin Dousa (M) downplays the Trump administration's new tariff game. "My impression is that there doesn't seem to be any drama for Sweden and Europe," he tells TT.
Business
New Fed chief not seen as threatening Fed independence
The US Federal Reserve (Fed) appears to have parried the Trump administration's attempts to influence monetary policy and threats of interest rate cuts for the time being. The Fed's independence is not under acute threat, according to SEB's US economist Elisabeth Kopelman.
Business
US Job Market Slows with Only 22,000 New Jobs in August
USA's labor market slows down heavily. In August, only 22,000 new jobs were created outside the agricultural sector. From a market perspective, one is now fully counting on an interest rate cut later in September.
BusinessTop news
Fixed Mortgage Rates Pressed Upwards – "A Shift"
The year has begun with a hard global upward pressure on long-term interest rates. USA tariffs and shaky public finances in Europe are causing concern. This is accelerating the shift – from cuts to hikes – on mortgages with longer binding periods, according to Christina Sahlberg, economist at the comparison site Compricer.
Business
Trump in focus after expected Fed decision
The USA's central bank, the Federal Reserve (Fed), is lowering its interest rate by 0.25 percentage points, and the rate is now in the range of 4.50-4.75 percent. After the announcement, everyone wants to know how newly elected President Donald Trump can come to influence the central bank's monetary policy.
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