A US federal data blackout deepened Thursday as a government shutdown halted the release of third quarter GDP figures, forcing policymakers, financial institutions and business owners to continue flying blind.
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The Bank of Japan kept interest rates on hold Thursday at 0.5 percent, warning of lingering economic "high uncertainties" linked to US trade tariffs.
US policymakers, financial institutions and business owners have been flying blind for almost a month as a government shutdown has stopped the release of crucial federal economic data ranging from the size of the labor force to the country's GDP.
The Federal Reserve cut rates for the second time in 2025 at its meeting this week. The rate was cut by 25 basis points and now sits at 3.75%-4.00%. The rate cut reflects a cautious approach the Fed is taking due to missing economic data and growing internal divisions among Federal Open Market Committee (FOMC)...
The Federal Reserve announced a 25-basis-point cut to the federal funds rate at the conclusion of its meeting on Wednesday, Oct. 29. The bankers had shifted into rate-cutting mode back in September with a crop of the same size. A basis point is one one-hundredth of a percentage point, so today’s trim amounts to a...
Why have stock markets around the world -- from Wall Street to Tokyo and from Paris to Seoul, been striking record highs despite the uncertain political and economic outlook?
The European Central Bank is expected to hold interest rates steady this week for its third straight meeting, with inflation under control and the long-struggling eurozone economy looking healthier.
Mortgage rates fell for the fourth consecutive week, finally nearing 6% for the first time since September 2024. Lenders and analysts have been anticipating that the Federal Reserve will announce another quarter-point cut to the federal funds rate at their Oct. 28-29 meeting. Central bankers will make their decision with limited information, as official data...
(The Center Square) - The latest round of movie and TV tax credits is projected to keep thousands of good-paying jobs in California and boost the state’s economy by $1.4 billion.
The Fed is heading into its October meeting in the dark. The government shutdown, now in its fourth week, has prevented the release of most key economic data that the central bank relies on to make its rate decisions. The Federal Open Market Committee (FOMC) will meet Tuesday and Wednesday, as it is independently funded...
