Interest Rates News
Interest rates are the cost of borrowing money, often set by central banks to influence economic activity and inflation.
Fed Hikes Rates Against Trump's Wishes
The U.S. Federal Reserve, led by Chair Kevin Warsh, has raised interest rates for the first time in three years, a decision that goes against President Donald Trump's stated desires. Traders and economists widely expected the move.
Fed hikes rates 25 basis points, first since 2023
The Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%-4.00% in a unanimous decision, the first increase since 2023. Policymakers pointed to inflation still running above target and rising energy costs, while the median official's projections signal one more hike before the end of the year.
ECB Hikes Rates to 2.5% Amid Inflation Fears
The European Central Bank has raised interest rates to 2.5% for the second time this year, citing persistent inflation. The bank anticipates inflation will remain above its target for an extended period, though it has improved growth forecasts.
Markets Watch TCMB, ECB Rate Decisions Amid Conflict
Economists expect Turkey's central bank to hold rates at 37%.
Global Bond Yields Rise, Increasing Borrowing Costs
Eurozone inflation hits 3.3% in August, highest in 3 years
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Interest rates are the cost of borrowing money, often set by central banks to influence economic activity and inflation.