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Fed expected to hold interest rates and vex Trump

City A.M. Wednesday, 7 May 2025 ()
Fed expected to hold interest rates and vex TrumpThe US Federal Reserve will not bring interest rates down until July, Goldman Sachs has predicted, in what may spark a fresh conflict between President Trump and Fed chair Jerome Powell.  The world’s most powerful central bank has held back from making interest rate cuts due to a foggy outlook on what a trade war [...]
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Video Credit: ODN - Published
News video: Chancellor welcomes interest rate cut

Chancellor welcomes interest rate cut 00:30

Chancellor Rachel Reeves has welcomed the cut to interest rates announced by the Bank of England. Interest rates have gone from 4.5% to 4.25%. Ms Reeves said: "We have had four interest rate cuts now in ten months. It's so important that this government has returned stability to the economy." Report...

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