Fed keeps interest rates unchanged despite Trump’s calls to ‘drop immediately’

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The Federal Reserve on Wednesday kept interest rates unchanged after its first meeting of the year – ignoring President Trump’s calls for rates to “drop immediately.”  “The Committee judges that the risks to achieving its employment and inflation goals are roughly in balance. The economic outlook is uncertain, and the Committee is attentive to the […]


Britain Braces for Higher Rates as Bank of England Meets

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In an effort to combat rapid price rises in Britain, the Bank of England raised interest rates on Thursday, its first back-to-back increases in more than 17 years, and said it would start to shrink its enormous holdings of government and corporate bonds . Inflation is already at its fastest pace in three decades: The […]