Economy

April 2025 payment dates for benefits and pensions as Labour announces cuts

April 2025 payment dates for benefits and pensions as Labour announces cuts

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email Spring has officially begun, and with it a new financial year which promises higher incomes for millions. Unfortunately, April is also the time of year where most costs rise, making …

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Fed Holds Interest Rates Steady, but Trump’s Tariffs Could Slow Inflation Progress

Fed Holds Interest Rates Steady, but Trump’s Tariffs Could Slow Inflation Progress

The Federal Reserve left interest rates unchanged on Wednesday for a second straight meeting. The March meeting was the central bank’s most direct acknowledgment to date that President Trump’s policies are set to have a real impact on the economy, stoking significant uncertainty about where inflation, growth and — ultimately — interest rates are headed. Here are the takeaways: Tariffs …

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Fed Holds Interest Rates Steady, but Trump’s Tariffs Could Slow Inflation Progress

Fed Holds Interest Rates Steady, but Trump’s Tariffs Could Slow Inflation Progress

The Federal Reserve left interest rates unchanged on Wednesday for a second straight meeting. The March meeting was the central bank’s most direct acknowledgment to date that President Trump’s policies are set to have a real impact on the economy, stoking significant uncertainty about where inflation, growth and — ultimately — interest rates are headed. Here are the takeaways: Tariffs …

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Trump Administration Lifts Ban on Sugar Company Central Romana Over Forced Labor

Trump Administration Lifts Ban on Sugar Company Central Romana Over Forced Labor

The Trump administration on Monday quietly rescinded an order that had blocked a major Dominican sugar producer with political ties to President Trump from shipping sugar to the United States because of allegations of forced labor at the company. U.S. Customs and Border Protection modified a “withhold release order” that had been issued in 2022 for raw sugar and sugar …

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How Fed Rates Influence Mortgages, Credit Cards, Savings and More

How Fed Rates Influence Mortgages, Credit Cards, Savings and More

The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but savers will benefit from steadier yields on savings accounts. Economists …

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The Fed’s Projections: How to Read Them Like a Pro

The Fed’s Projections: How to Read Them Like a Pro

Federal Reserve officials are scheduled to release their first set of economic projections this year, alongside their interest rate decision, on Wednesday. Those forecasts will offer a fresh glimpse of the trajectory for monetary policy at a highly uncertain moment for the central bank. Policymakers paused interest rate cuts in January after reducing borrowing costs by a percentage point in …

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Trump Primed to Clash With Fed After Key Rate Decision

Trump Primed to Clash With Fed After Key Rate Decision

President Trump has never been shy about criticizing the Federal Reserve, frequently seeking to pressure the nation’s central bank into reducing interest rates more swiftly. “Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!,” Mr. Trump posted on Truth Social last month, adding: “Lets Rock and Roll, America!!!” But the Fed is expected to …

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