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The Fed's next move

The Fed's next move

Growth in the US economy continues to surprise to the upside while inflation declines, adding more clarity to what the Federal Reserve may opt to do next to continue the trajectory. Analysts continue to speculate on whether or not the Fed will cut rates in 2024.
  • Business
    Yahoo Personal Finance

    Savings interest rates today, July 19, 2024 (up to 5.50% return)

    Savings interest rates are the highest they’ve been in over a decade. Here’s where you can find the best savings interest rates today.

  • Business
    Reuters

    ECB policymakers back more rate cuts as inflation heads back to goal

    FRANKFURT (Reuters) -Two European Central Bank policymakers on Friday backed further interest rate cuts, expressing greater confidence that inflation was heading to the ECB's goal next year. The ECB held rates steady on Thursday and its president, Christine Lagarde, said its next decision on Sept. 12 was "wide open" -- stopping well short of declaring victory over the bout of high inflation that followed the COVID-19 pandemic. However, French governor Francois Villeroy de Galhau and his Lithuanian colleague Gediminas Simkus were more explicit on Friday, backing market expectations for two more rate cuts this year, in September and December.

  • Business
    Bloomberg

    Egypt Holds Record-High Rate With Focus on Slowing Inflation

    (Bloomberg) -- Egypt kept interest rates at an all-time high for a second consecutive meeting, looking to ensure a slowdown in inflation continues after a dramatic currency devaluation.Most Read from BloombergGlobal IT Crash That Blocked 911 Calls and Grounded Planes EasesZuckerberg Calls Trump’s Response to Shooting ‘Badass’Airlines Start Digging Themselves Out of Epic Flight DisruptionsCanada’s Immigration Minister Has a Message for Foreign Students: You Can’t All StayBrookfield Lines Up a 36-