Interest Rates news, events & figures

Iran deal may ease fuel costs, but bills and rates face a slower turn

Fuel prices have started to ease after the US-Iran deal, but household energy bills, air fares, inflation and interest rates may take longer to follow.

Trump’s trust gives Kevin Warsh room to reshape the Fed

Kevin Warsh is expected to keep rates steady in his first Fed meeting, while Trump’s trust may give him room to pursue broader changes.

ECB raises rates to 2.25% as Iran war fuels inflation

The European Central Bank raised its key rate to 2.25%, citing energy-driven inflation pressures from the Iran war and a weaker growth outlook.

Energy shock puts ECB on course for expected rate hike

The ECB is expected to raise rates as euro zone inflation climbs, with higher energy prices reviving concern about broader price pressures.

Bank of Canada holds key interest rate at 2.25%

The Bank of Canada kept its benchmark rate at 2.25%, a fifth consecutive hold, while warning it is watching inflation and weak growth risks.

Asian stocks slide as tech sell-off and Middle East strikes unsettle markets

Asian and European markets fell as tech shares sold off and renewed Iran-Israel strikes pushed oil prices higher before Brent eased back.

Core PCE inflation rose 3.3% in April, matching forecasts

Core PCE inflation rose 3.3% annually in April, while headline inflation hit 3.8%, keeping pressure on the Federal Reserve.

Fed’s preferred inflation gauge rises to nearly three-year high under Warsh

The Fed’s preferred inflation gauge rose to 3.8% in April, its highest level since May 2023, complicating Kevin Warsh’s start as central bank chief.