Interest

Fed अधिकारियों ने दरों को बरकरार रखने के कारणों के रूप में उच्च मुद्रास्फीति, नौकरियों की धीमी वृद्धि और Middle East में अनिश्चितता का हवाला दिया। अपने इनबॉक्स में न्यूज़लेटर अलर्ट प्राप्त करने के लिए Breaking News US ईमेल के लिए साइन अप करें। US Federal Reserve ने अपनी नवीनतम बोर्ड बैठक के बाद ब्याज दरों को अपरिवर्तित छोड़ दिया, जो एक बार फिर Donald Trump की कटौती की मांग की अवहेलना है, क्योंकि केंद्रीय बैंक अगले महीने नेतृत्व में फेरबदल की तैयारी कर रहा है। बुधवार को, Fed अधिकारियों ने ब्याज दरों को अछूता रखने के कारणों के रूप में उच्च मुद्रास्फीति, धीमी नौकरियों की वृद्धि और Middle East में अनिश्चितता का हवाला देना जारी रखा। पढ़ना जारी रखें...

Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liabilityOn the face of it, Kevin Warsh looks like an ideal candidate to chair the Federal Reserve, the world’s most important central bank. The 56-year-old Ivy League economist, former Wall Street banker and presidential adviser ticks all the boxes. Unfortunately for Warsh, as he faces what could be a fraught nomination hearing, his biggest backer is also his biggest liability.In his second term, Donald Trump has attacked the Fed in a manner both unprecedented and unseemly. He has called current chair Jerome Powell – whom he also appointed – a “jerk”, “a stubborn MORON”, and repeatedly threatened to fire him. Continue reading...

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of controlBusiness live – latest updatesThe former US Federal Reserve chair Janet Yellen has attacked Donald Trump’s push for lower interest rates, comparing it to the actions of a “banana republic”.The US president has repeatedly urged the central bank to slash interest rates, in the hope of cutting the government’s borrowing costs on its $39tn (£29tn) debt. Continue reading...

Demand at online marketplaces could settle at a new, higher normal, with the crisis leaving consumers ‘scarred’Car buyers’ interest in electric cars has surged across Europe since the start of the war in Iran, as the rising cost of petrol highlights the cheaper power available from a plug.Online marketplaces in the UK, Germany, France and Spain reported huge increases in inquiries about electric vehicles since the start of the conflict in February. Continue reading...

PM pushes back after Trump’s threats to leave alliance and says European members must do more in light of Iran warKeir Starmer has said it is in the best interests of the US to stay in Nato and that Europe must do more to support the alliance in light of the war in Iran.The British prime minister, speaking at the end of a multi-stop trip around the Gulf to discuss the tentative ceasefire and options to fully reopen the commercially vital strait of Hormuz, pushed back against Donald Trump’s threats to leave the defence alliance. Continue reading...

• A pro-Iranian cybercrime group claimed responsibility for cyberattacks that knocked the websites of Chime and Pinterest offline in April, marking a significant coordinated breach affecting major U.S. tech platforms. • The attacks demonstrate the evolving threat landscape where state-affiliated or state-aligned cyber actors target critical infrastructure and consumer-facing platforms with increased sophistication. • The incidents underscore the vulnerability of major technology companies to coordinated cyberattacks and highlight ongoing concerns about foreign threat actors targeting U.S. digital infrastructure.

Markets now forecast one rate rise this year, down from two on Tuesday, although mortgage rates may not fall quicklyBusiness live – latest updates City traders have cut their forecasts for UK interest rate rises this year, after the US and Iran agreed a two-week ceasefire.The money markets are now fully pricing in only one rise in UK interest rates by December, which would take the Bank of England’s base rate back up to 4%. On Tuesday, two rate rises were fully priced in, as Donald Trump threatened that a “whole civilisation will die” unless Tehran complied with his demands to reopen the strait of Hormuz. Continue reading...