Bank of Japan holds rates at 0.25% – CNBC
On March 20, 2023, the Bank of Japan (BOJ) head office is visible beyond the cherry blossoms in Tokyo. Kazuhiro Nogi | AFP | Getty Images The Bank of Japan kept its base interest rate unchanged at 0.25% on Thursday. The decision came a day after the US Federal Reserve cut interest rates by 25 […]
Fed cuts interest rates a quarter point as 2025 outlook remains ‘uncertain’
The U.S. Federal Reserve cut interest rates on Wednesday as expected, but signaled they would cut less in 2025 than originally expected, sending the Dow Jones Industrial Average soaring more than 1,100 points. The Federal Reserve has cut interest rates by 25 basis points to a range of 4.25% to 4.50%, and the Summary Economic […]
Fed cuts interest rates by quarter point despite firmer inflation
The Fed cut interest rates by a quarter of a percentage point on Wednesday, in line with market expectations, even as inflation has accelerated again over the past two months. Fed officials have been trying to find the right tempo of rate cuts since they began cutting rates by a deep half-point in September, but […]
Despite Fed cuts, many store credit cards are still charging extreme interest rates to customers – NBC News
Many credit cards offered by major retailers continue to charge exorbitant annual percentage rates (APRs) despite moves by the Federal Reserve to lower economic interest rates. In a report released Wednesday, the Consumer Financial Protection Bureau found that 19% of retail cards had an annual interest rate of more than 35%, which is less than […]
Federal Reserve cuts interest rates by quarter-point in December
The Fed is widely expected to cut interest rates for the third time this year. The Federal Reserve on Wednesday announced its third straight interest rate cut, cutting its benchmark interest rate by 25 basis points, following economic data showing that inflation remains above the central bank's target rate. The 25 basis point rate cut […]
‘Election Interference’: Fed Leaves Trump With Parting Gift After Conveniently Cutting Rates Right Before Election
After cutting interest rates just weeks after the November presidential election, the Fed now leaves a ticking inflation “time bomb” for the incoming Trump administration to defuse. Price increases accelerated in October, november Following the Fed's decision to cut interest rates by 0.50% on September 18, the Biden-Harris administration appears to be leaving an “inflation […]
Tax Authority confirms higher vehicle tax rates for 2025 – The Jerusalem Post
In line with a previous announcement by the Ministry of Finance, the Israeli Tax Authority officially announced on Thursday that the purchase tax rate for electric vehicles will be 45% from January, instead of the current 35%. At the same time, the upper limit for which tax incentives apply (the full purchase tax for […]
Military academies see drop in sexual assault and harassment, but rates remain high
Reported sexual harassment and assault at U.S. military academies has dropped “significantly” over the past two years after spiking in 2022, but rates remain high, according to new Pentagon data released Thursday. That's what it means. During the 2023-2024 school year, 783 cadets and cadets (457 women and 327 men) experienced sexual assault or harassment […]
Flu vaccination rates ‘concerningly’ low among US kids, health officials warn
According to the latest data from the Centers for Disease Control and Prevention (CDC), only about one-third of children have received the influenza vaccine. As of November 30, only 37% of children had received a flu shot, compared to 43% on the same date last year. Among adults, 39% have received a flu vaccine, about […]
USD/CHF advances to near 0.8900 as SNB unexpectedly cuts interest rates by 50 bps – FXStreet
The US dollar/Swiss franc pair soared to nearly 0.8900 after the Swiss central bank cut its main borrowing rate by 50 basis points to 0.5%, in response to expectations for a 25 basis point rate cut. Swiss National Bank Governor Schlegel held off on the option of negative interest rates in his previous comments in […]