Economy News

After the Federal Reserve decided to maintain interest rates last week, former U.S. President Donald Trump expressed his support for the move, deeming it the correct choice.

The latest inflation data suggests price pressures are persisting, with the Federal Reserve’s preferred metric rising as expected in December but still exceeding its 2% goal.

The European Central Bank (ECB) has reduced its deposit rate to 2.75%, marking its fifth cut since June in an effort to stimulate a sluggish eurozone economy.

The Federal Reserve has decided to keep interest rates unchanged, opting for caution as it monitors inflation and the economic impact of President Donald Trump’s early policies.

With global markets experiencing high volatility, attention now turns to the Federal Reserve’s (FED) policy announcement on January 29, 2025.

The UK government may consider selling its multi-billion-dollar Bitcoin holdings to address gaps in its finances, according to accounting firm RSM.

The Federal Reserve is expected to hold interest rates steady at 4.25%-4.50% during this week’s FOMC meeting, despite President Trump’s push for cuts and lower oil prices.