The BOE’s dovish stance comes on the back of two consecutive quarters of GDP contraction and a marked decline in hiring ...

— Net hiring has plummeted over the past three months with job gains of just 73,000 in July, 14,000 in June and 19,000 in May ...

As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to ...

Since unemployment was higher than expected and is potentially nearing a cycle high, the CME FedWatch tool reported that bets for a Fed interest rate cut in September improved to 87% on August 1 from ...

Powell has held the Fed's benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what ...

Federal Reserve Governors Bowman and Waller dissented from this week's decision to hold interest rates steady and explained ...

With President Donald Trump's latest executive order on tariffs now set to go into effect Aug. 7, and Friday's report of a ...

Despite President Trump ramping up pressure on Federal Reserve Chair Jerome Powell to cut interest rates, the Fed held rates ...

Last year, after the unemployment rate climbed quickly in a short period of time and there were similar calls that the central bank was too late to lower rates, the Fed stepped in with a bold, ...

The U.S. economy had generally been considered in good shape. By Friday afternoon, some experts were predicting a recession.