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The US Federal Reserve raised interest rates for the first time since July 2023, voting to increase the federal funds rate to a range of 3.75% to 4%. The move aims to combat persistent inflation, which has exceeded the 2% target for over five years.
Japan's Bank of Japan (BoJ) has raised interest rates to 1.25 percent, their highest level in 31 years, according to Al Jazeera.
The U.S. Federal Reserve raised interest rates for the first time in three years, aiming to combat persistent inflation despite pressure from President Donald Trump, who had long called for lower rates.
The Bank of England and the British financial system were deeply involved in the transatlantic trafficking of enslaved Africans for centuries, according to new research.
The European Central Bank has raised interest rates to 2.5% and warned that renewed fighting in the Middle East is increasing the risk of higher inflation over the next year, according to The Guardian.
At the 2026 Gulangyu Forum in Xiamen, ANTA Group Executive Director and Co-CEO Wu Yonghua set out the company's "global thinking, local operations" playbook: a three-step globalization strategy, 1,000 Southeast Asian stores by 2028 and group-wide carbon neutrality by 2050.
A weak jobs report in August, released by the U.S. Bureau of Labor Statistics, showed only 23,000 new jobs created, far below the 80,000 predicted by economists. Democrats immediately used the number to criticize President Trump’s economic policies, highlighting the report as a key issue ahead of the midterms.
The US economy expanded at a sluggish 1.5% pace in the second quarter, below expectations, as inflation remained above the Federal Reserve’s 2% target, according to the commerce department.
The US economy grew at an annual rate of 1.5% in the second quarter, down from 2.1% in the first quarter, according to the Commerce Department. Analysts had expected growth to remain near 2%.
UK interest rates are expected to remain at 3.75% for a fifth time, according to the BBC. The Bank of England's Monetary Policy Committee (MPC) is likely to continue its cautious approach amid global political and economic uncertainty.
The U.S. Federal Reserve held interest rates steady in a 9-3 decision, despite renewed calls from President Donald Trump to lower borrowing costs, according to The Korea Times.
China's economy grew by 4.3% in the second quarter of 2026, falling short of its revised annual target of 4.5%-5% and marking the weakest quarterly expansion since the end of 2022, according to official data.
One million more UK homeowners are expected to face higher mortgage costs in the coming years, according to the Bank of England. A typical owner-occupier rolling off a fixed-rate deal in the next two years could see a £45 increase in their monthly bill.
US employers added just 57,000 new jobs in June, significantly lower than economists had predicted, according to the Bureau of Labor Statistics. The unemployment rate dropped to 4.2%, but 720,000 people left the labor force.
The Federal Reserve's preferred inflation gauge rose to a three-year high in May, driven largely by surging fuel prices and rising costs for semiconductors and computer equipment, according to the Bureau of Economic Analysis.
In recession-hit Argentina, a growing number of off-duty police officers are taking second jobs, often carrying government-issued firearms, according to the Centre for Legal and Social Studies (Cels).
Alan Greenspan, former US Federal Reserve chair and architect of the modern American economy, has died at the age of 100, according to a statement from his wife.
Federal Reserve Chair Kevin Warsh is set to lead his first interest rate meeting this week, with the market largely expecting a rate freeze. Investors are closely watching his approach to communication and policy guidance.
Japan’s Bank of Japan raised its base interest rate to 1% on June 16, the highest level in 31 years. The move comes amid inflationary pressures linked to the Middle East conflict and a global shift toward tighter monetary policy.
President Donald Trump's approval rating has dropped to 39%, the lowest of his second term, according to a new NBC News poll released on his 80th birthday. Meanwhile, the former real estate developer is focusing on a series of high-profile Washington, D.C., renovation projects.
The World Bank has warned that the US-Iran conflict could push global economic growth to a post-COVID low, with developing countries facing the brunt of the impact.
U.S. President Donald Trump has expressed support for rising inflation, stating he 'loves the inflation' as the country faces its fastest price increase in three years, according to multiple reports.
U.S. inflation is expected to hit 4.2% in May, the highest level in three years, according to FactSet estimates. The data could influence the Federal Reserve’s rate policy and impact global markets, including Bitcoin.
