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The referral comes after the supreme court overturned the convictions of two other traders, Tom Hayes and Carlo Palombo Five more former bankers convicted of rigging interest rates will be given a fresh chance to clear their names, after the supreme court overturned a decade-old ruling against the trader Tom Hayes last year. The Criminal Cases Review Commission (CCRC) said on Thursday that it had referred the ex-City traders' convictions back to the court of appeal. The men were jailed between...
President demands LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD' regardless of economic indicators...
The Federal Reserve voted on Wednesday to hold interest rates steady, resisting intense pressure from President Donald Trump to lower those rates. The move comes as Fed Chair Jerome Powell is facing a criminal investigation launched by federal prosecutors. NBC's Christine Romans reports for TODAY.
"The Fed should substantially lower interest rates, NOW!" Trump wrote.
NPR - 12 hours 6 min agoSenate Democrats threaten a partial government shutdown over DHS funding. And, the Fed defies President Trump's pressure and holds rates steady to fight inflation.
NPR - 14 hours 25 min agoDemocrats are demanding changes to DHS funding as partial shutdown looms, lawyers say ICE is denying detainees legal access with relocations, the Fed votes to hold interest rates steady.
U.S. Treasury yields rose on Thursday as investors weighted the state of the economy after the U.S. Federal Reserve held interest rates steady.
As economic grievance grows in the electorate, an interest rate hike is the last thing our fraught politics needs Get our breaking news email , free app or daily news podcast Cost of living has been bubbling along as the number-one issue for Australian households, and now it threatens to hijack the Albanese government's second-term agenda. The return of high and rising inflation is not only a blow to workers who were finally starting to see some real growth in their wages through 2025. It also...
His press conference was anything but the typical back-and-forth over the outlook for the economy and interest rates, as Powell was peppered with questions about a DOJ probe.
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Fed keeps rates unchanged The Federal Reserve declined to cut interest rates Wednesday, holding steady amid President Trump's battle to exert more influence over the independent central bank. AP The Federal Open Market Committee (FOMC)...
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