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.
Apple Inc. is set to increase prices on some of its products as the cost of its core technology, driven by the ongoing AI boom, continues to rise, according to outgoing boss Tim Cook. Analysts predict the price hikes will have a significant impact on consumers and the tech industry as a whole.
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 ongoing conflict in Iran is expected to propel UK inflation further beyond the Bank of England's 2% target, citing rising global commodity prices and supply chain disruptions.
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.