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Central Bank keeps main interest rate steady due to economic uncertainty

On Wednesday, the Federal Reserve revealed that it would keep the benchmark interest rates unchanged as it keeps an eye on inflation and the labor market amidst growing economic uncertainties. Currently, the federal funding rate is set between 4.25% and 4.5%, following three consecutive cuts made in prior meetings in January and March. The Federal […]

Central Bank maintains interest rates amid Trump’s influence

The Federal Reserve’s interest rate setting committee decided to maintain rates within the 4.25-4.5% range on Wednesday, even amidst President Trump’s push for lower borrowing costs due to pressures from his trade initiatives. This marks the third consecutive meeting where the Fed has held rates steady, following interruptions in March and January when cuts were […]

130 undocumented migrants returned to Central Asia, including Uzbeks with criminal histories.

U.S. immigration officials have expelled over 130 undocumented immigrants to several Central Asian countries, including more than 90 individuals sent back to Uzbekistan. The flight that facilitated these deportations took off from New York on April 29, comprising individuals who were apprehended in New York City and Ohio. Among those deported was Kobiljonnomoz Ugli Mahmudov, […]

GBP/USD stabilizes before central bank events – FXStreet

GBP/USD hovers around 1.3300 as Fed and BOE prepare to make announcements. Fed likely to maintain current interest rates while policymakers’ discussions take center stage. BOE anticipated to introduce another quarter-point rate reduction this week. GBP/USD began the new trading week, breaking a short-term losing streak and stabilizing near the 1.3300 mark. While the pair […]

Hong Kong’s central bank steps in to support the Hong Kong dollar – Forexlive

Hong Kong Central Bank Intervention HKMA is selling HK$60.543 billion to the market as the Hong Kong dollar hits the strong end of its trading range. Since 1983, the Hong Kong dollar (HKD) has been pegged to the US dollar under a linked exchange rate system designed to maintain exchange rate stability and foster investor […]