US interest rates

Federal Reserve continues to hold interest rates at 23-year high

Central bank said it was not appropriate to cut rates until it has ‘greater confidence that inflation is moving sustainably toward 2%’

Callum Jones

31, Jan, 2024 @7:07 PM

Hope fades for cut in interest rates for industrialised nations

US Federal Reserve expected to hold rate, ECB says talks on reductions premature and Bank of England could delay change until summer

Phillip Inman

25, Jan, 2024 @6:49 PM

US inflation ticked up to 3.4% in December as policymakers mull rate cuts

Consumer price index exceeds economists’ expectations as Fed weighs when to start cutting borrowing costs

Callum Jones in New York

11, Jan, 2024 @1:46 PM

Global finances: what does 2024 hold in store for major economies and markets?

From a potential roaring 20s in the markets to recession fears in the UK, here’s our look ahead to the year in finance

Graeme Wearden

05, Jan, 2024 @6:00 AM

Dow closes at record high after Fed signals it will cut interest rates in 2024

US central bank holds interest rates at 22-year high, but expects to cut rates three times next year as inflation continues to fade

Callum Jones in New York

13, Dec, 2023 @9:30 PM

More public investment, not less, could lift advanced economies | Larry Elliott

Western nations are caught in a low-growth trap, with tricky political choices to make – but there is a way out

Larry Elliott

12, Nov, 2023 @10:55 AM

US added 150,000 jobs in October as pace of growth slows sharply

Market cools as number of jobs added comes in lower than the 180,000 that economists had been expecting

Dominic Rushe in New York

03, Nov, 2023 @2:30 PM

Beware sharper economic slowdown and tougher inflation, warns adviser to central banks

Bank of International Settlements said markets risk ignoring aftershocks from inflation such as insolvencies and property price falls

Phillip Inman

18, Sep, 2023 @11:00 AM

In a multipolar world the dollar’s dominance won’t last forever | Larry Elliott

While we shouldn’t read too much into the Brics expansion, the geopolitical landscape is shifting

Larry Elliott

27, Aug, 2023 @9:39 AM

Fed chair may leave door open to higher interest rates in Jackson Hole speech

Analysts say Jerome Powell unlikely to suggest ‘mission accomplished’ in address to central banking summit

Larry Elliott Economics editor

24, Aug, 2023 @5:00 AM

US economy adds 187,000 July jobs in sign labor market is cooling

Figure is less than expected in first jobs report since Fed raised interest rate to 22-year high

Lauren Aratani

04, Aug, 2023 @12:32 PM

Fed raises interest rates to 22-year high as it continues to fight inflation

US economy remains robust despite the 11 rate rises the Fed has implemented – its most aggressive rate-rising cycle in 40 years