Fed Chair Jerome Powell: US inflation is cooling again, though it isn't yet time to cut rates

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high...

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

FRANKFURT, Germany (AP) — Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate. The figure...

Europe Central Bank jumps ahead of the Fed in lowering rates. But future cuts may be limited

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate Thursday by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and...

European Central Bank cuts interest rates by quarter point, moving ahead of US Fed to lower credit costs for consumers.

Inflation ticked up in Europe in May. That likely won't stop a central bank rate cut next week

FRANKFURT, Germany (AP) — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. That's more than expected as a painful spike in consumer prices takes its time to fade away. It's unlikely to stop the European Central Bank from making a...

Inflation in 20 countries that use the euro rises to 2.6% in May, likely won't stop European Central Bank rate cut

Europe's economy shows signs of life with 0.3% growth in 1st quarter as inflation, energy woes ease

FRANKFURT, Germany (AP) — Europe's economy perked up slightly at the start of the year, recording 0.3% growth in the January-March quarter compared to the last three months of 2023 as the inflation burden on consumers eased and the stagnating German economy, the continent's biggest, started to...

As world's central banks wrestle with when to cut rates, Europe signals it's ready to move

FRANKFURT, Germany (AP) — The European Central Bank signalled Thursday it could cut interest rates at its next meeting in June, a big step as the rich world's central banks, including the U.S. Federal Reserve, wrestle with how soon declining inflation will let them lower credit costs for business...

European Central Bank leaves rates unchanged as world's central banks wrestle with when to cut

Inflation has slid again in Europe. Here's what that means for interest rates

FRANKFURT, Germany (AP) — The inflation that has squeezed European shoppers fell more than expected in March to 2.4%, as cost spikes in the grocery aisle eased and overall price rises headed down in the two biggest economies, Germany and France. The annual figure for the 20...