Leavitt said Trump sent Powell a chart showing countries stretching from Japan to Botswana that have lower interest rates compared to the U.S., which was accompanied by Trump's note telling Powell ...

The Fed's target for inflation is 2 per cent. The US unemployment rate has also been rising this year. It was 3.7 per cent in January, but last month it was 4.2 per cent.

The Reserve Bank of Australia this week cut rates by 25 basis points, for the second time this year, while pulling off a post-Covid economic crisis soft landing for the local economy that few ...

Bullock’s predecessor, Philip Lowe, got into trouble when he projected that rates might not need to increase until 2024. When Lowe did need to tighten, in May 2022, the backlash was severe.

The head of the US Federal Reserve has declared interest rates are headed down there. Australia should fall into line soon after – most likely on Melbourne Cup Day in November.

Australia's central bank judged a near-term rate cut was unlikely and policy might need to stay restrictive for an "extended period" to ensure inflation can be tamed, after debating whether or not ...

The Reserve Bank of Australia left official interest rates on hold, chalking up a full year without fundamentally changing its policy stance while also not ruling out a further interest-rate increase.

The Reserve Bank of Australia last month cut rates by a quarter-point to 4.1%, having held them steady for over a year. However, policymakers still warned that prospects of further easing are not ...