The Latest Breaking News from Inflation

The US central bank's decision to slash interest rates this week is a "very positive sign" for where the world's biggest economy stands, US Treasury Secretary Janet Yellen said Thursday.

Money versus job satisfaction. It is the perennial professional quandary, but there may in fact be one exception: central banking. Jerome Powell, chair of the US Federal Reserve, earns $190,000 per year for the privilege of overseeing the greatest economy the world has ever seen. I'm not saying the job…

Plus: The Federal Reserve cut interest rates, Congress still isn't cutting spending, and more....

The Bank of England on Thursday kept its key interest rate at 5.0 percent, deciding against consecutive cuts one day after a bumper reduction from the US Federal Reserve.

While the UK is far from overheating, the MPC still sees inflationary dynamics within the economy

The next reduction in the cost of borrowing is now expected in November

Bank voted on Thursday not to change borrowing costs – but Andrew Bailey says cuts likely to resume

Reserve Bank Governor Michele Bullock might need her flak jacket when she fronts the media next Tuesday after the bank’s two-day board meeting.

Bank of England likely to maintain interest rates amid UK inflation concerns. US Federal Reserve cuts rates.

The Bank of England is widely expected to keep interest rates unchanged later Thursday despite a big cut from the U.S. Federal Reserve, its first since the onset of the coronavirus pandemic more than four years ago

Today’s news that an extra 47,500 Australians found work in August while the unemployment rate held steady at 4.2% is a sign of success for both the government and Reserve Bank.