US central bank last month raised rates for first time since 2023, in move that infuriated Donald Trump The US Federal Reserve is expected to leave interest rates unchanged on Wednesday during its last rate-setting meeting before the midterm elections, keeping rates at one of the highest pre-election levels seen in over 20 years. Last month, Fed officials raised rates for the first time since 2023, citing rising inflation. Inflation has hovered for years above the Fed’s target rate of 2%, and for most of this year, the annualized inflation rate has remained above 3%. Continue reading...
Fed set to hold interest rates steady in last decision before midterms
Source: The Guardian
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Bank shares jump on reports new bank tax will be ‘temporary and below 8%’ – business live
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At least 30 people reported dead in high-speed Spain train crash
High-speed service reportedly runs into back of another train, knocking two carriages off track Spain train crash – latest updates At least 30 people have been killed after two high-speed trains collided in Toledo province in central Spain, on the line between Madrid and Seville. Footage broadcast by regional Castilla-La Mancha Television showed a derailed train with at least one carriage remaining on an elevated section of track. Twisted metal, broken panels and wreckage could be seen strewn across an embankment beneath the line. Continue reading...