Economy News Economy Relatively Strong Despite High Interest Rates
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Fed governor says current economy is 'calling for large interest rate cuts' to help job market
Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher. Read More
Sharp disagreements over economy threaten Federal Reserve interest rate cut
What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn ... Read More
Fed cuts interest rates for second time this year amid labor market weakness
The Federal Reserve on Wednesday announced its second interest rate cut of this year as policymakers moved to support the labor market despite inflation remaining above the central bank's target. Fed ... Read More
High interest rates may have caused housing recession, Bessent says
Parts of the US economy, particularly housing, may already be in recession because of high interest rates, Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal Reserve to ... Read More
Australian unemployment rate drops in October after shock September rise
The unemployment rate has plummeted in October as 42,000 Australians find a job. The latest figures from the Australian Bureau of Statistics show the unemployment rate has dropped to 4.3 per cent. The ... Read More
Fed slashes key rate despite high inflation
WASHINGTON -- The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed Chair ... Read More
Some ‘good news’ for mortgage borrowers despite base rate left on hold
Mortgage borrowers can still take some cheer from a raft of lenders chopping fixed rates – despite the Bank of England base rate remaining on hold on Thursday, experts have said. Despite the base rate ... Read More
Poland’s economy remain resilient as złoty becomes one of the strongest emerging-market currencies
Poland’s economy remains resilient, and the złoty has become one of the strongest emerging-market currencies since early 2025. The EUR/PLN rate has shown low volatility and is expected to remain near ... Read More
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