The Federal Open Market Committee voted decisively to lower borrowing costs, signaling confidence in stabilizing prices while seeking to sustain economic momentum and labor market strength.
A recent report suggests that phone contract comparisons may have led to mis-selling of student loans in the UK. Analysts worry that a lack of transparency in loan terms and regulatory oversight may have allowed this issue to occur. Authorities are now urging greater accountability.
The Federal Reserve kept interest rates unchanged at 3.5%-3.75% after Kevin Warsh's first meeting as head of the central bank.
The Bank of Japan has increased its interest rate to the highest in 31 years, continuing its trend of raising rates from near-zero since 2024.