Interest rates expected to be held again by Bank of England

It would be the fifth hold in a row, with the Bank rate standing at 3.75% - the lowest since February 2023.

Breaking Down the Fed's Plans to Tackle Inflation Risks

Federal Reserve Chairman Kevin Warsh has said the decision to leave interest rates unchanged wasn't a sign of inertia at the central bank, which is committed to tackling inflation. Brown University Professor of International Economics Sebnem Kalemli-Ozcan breaks down how markets are interpreting the signals. (Source: Bloomberg)

Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision

The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.

By Joe Rennison

FirstFT: US borrowing costs hit 19-year high after Fed holds rates steady

Also in today’s newsletter: Mark Zuckerberg says US should not ban Chinese AI and SK Hynix profits disappoint

Fed keeps rates steady despite high inflation

The central bank's committee is showing an unprecedented level of dissent as calls grow in the United States for a tighter monetary policy to tackle inflation head-on.

Meta misses earnings forecasts after Zuckerberg media push to promote AI

Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI Meta chief executive Mark Zuckerberg’s media spree touting the positive impacts of artificial intelligence did little to cushion the blow of its second-quarter earnings, which sent its stock tumbling on Wednesday. In a Wall Street Journal op-ed published on Tuesday, Zuckerberg expressed his optimism for a world where everyone has access to a super-intelligent machine. Continue readi...

By Johana Bhuiyan

US Fed holds interest rates steady citing ‘elevated’ inflation

Elevated inflation partly reflects supply shocks that have increased prices, including of energy, the Fed said.

Analysis: Fed Chairman Warsh's credibility in question after leaving interest rates unchanged

The Fed held interest rates steady, but long-term Treasury yields jumped. Investors are questioning whether he will act forcefully enough on inflation.

HKMA maintains base rate at 4% as US Fed keeps rate unchanged

Hong Kong’s monetary authority has maintained its base rate following the US Federal Reserve’s decision to keep its key rate unchanged. The city’s base rate was kept at 4 per cent by the Hong Kong Monetary Authority (HKMA) on Thursday. Hours earlier, the US Federal Reserve also retained its target rate in the range of 3.5 per cent to 3.75 per cent, concluding its fifth Federal Open Market Committee (FOMC) meeting this year. “For some households, businesses ⁠and market ‌professionals, five yea...

By Enoch Yiu

Stocks and bonds see wild ‘Fed Day’ swings as Wall Street’s ‘crash cushion’ evaporates

Major equity indexes put in their worst “Fed Day” performance since December 2024, while the yield on the 30-year bond shot higher.

By Joseph Adinolfi

Meta is 'throwing spaghetti at the wall' with its AI strategy, one analyst warns

Meta CEO Mark Zuckerberg. Bloomberg/Getty Images Meta's stock is tumbling as its AI bets wipe out most of its free cash flow. One analyst said its latest AI rollouts feel like "throwing spaghetti on the wall." Meta says its AI investments are accelerating its core business, and there's much more to come. Meta's AI strategy is, once again, worrying investors. The social media giant's stock tumbled 10% on Wednesday after it disclosed that its capital expenditure growth far outpaced revenue gr...

Bank of England set to hold interest rates at 3.75%

A number of economists have predicted another seven-to-two vote in favour of holding the current rate.

By Henry Saker-Clark

Dow Posts Its Worst Day Of The Year After Federal Reserve Maintains Interest Rates

Kevin Warsh, who began his role as chairman of the Federal Reserve in May, said Wednesday officials have “no tolerance for persistently elevated inflation.”

By Antonio Pequeño IV, Forbes Staff

BofA says Fed hike today would be one for the books

Meta Takes $2.4 Billion Charge for Legal Proceedings in Q2, Revenue Booms 28% to Over $60 Billion

Meta continues to post soaring revenue, but the Mark Zuckerberg-led company took a big hit in the second quarter of 2026 related to legal proceedings and layoffs. The company, the parent of Facebook and Instagram, said it took “$2.4 billion charges related to legal proceedings” in Q2. Meta’s bottom line also was dinged by $1.18 […]

By Todd Spangler

US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged.

By TOI BUSINESS DESK

Fed holds interest rates steady amid dissenting voices on inflation concerns; Key details here

Federal Reserve officials decided to keep interest rates unchanged, but a fractured vote reveals rising concerns about inflation.

US rate path uncertain amid inflation, Mideast tension: finance ministry

The path of key interest rates in the United States appears to remain uncertain due to persistent inflation and geopolitical tensions in the Middle East, the finance ministry said Thursday. First Vice Finance Minister Lee Hyoung-il chaired discussions with officials from financial authorities, including the Bank of Korea, after the US central bank kept its benchmark interest rate unchanged at a range of 3.5-3.75 percent overnight. The decision marked the fifth consecutive pause, leaving the gap

By The Korea Herald

Meta Stock Tanks In Jittery Market On Massive AI Investment, Mixed Q2

Meta shares plunged more than 8% in the after market as it said it plans to invest between $130 billion and $145 billion on AI this year. The parent of Facebook, Instagram and WhatsApp also missed Wall Street’s Q2 earnings per share forecast and anticipated softer than expected revenue in the current third quarter. Revenue […]

By Jillg366

Meta expects Q3 2026 revenue of $61B-$64B while narrowing 2026 capex to $130B-$145B

Intesa posts €5.5 bn first-half profit, ups outlook for year to over 10 bn

(ANSA) - ROME, JUL 29 - Intesa Sanpaolo posted a better-than-expected net profit of 5.55 billion euros for the first half of 2026, an increase of 6.5% with respect to the same period last year, and said it was upgrading its profit outlook for the year as a whole to over 10 billion euros. Italy's biggest bank said it made a profit of 2.8 billion euros in the second quarter, compared to 2.6 billion in the April-June period of 2025. CEO Carlo Messina expressed satisfaction at the results and he ...

By ANSA

MSFT Bounces After Revenue Beat On Cloud Strength, CapEx In Line

MSFT Bounces After Revenue Beat On Cloud Strength, CapEx In Line Microsoft walked into tonight's fiscal fourth-quarter earnings report carrying the most bearish positioning it has seen in more than a decade, and it does so on an afternoon when the Fed - now run by a chairman who has made a point of telling markets nothing - triggered significant volatility in stocks and bonds. The positioning data tells the story first. According to S3 Partners data reported by CNBC, roughly 92 ...

By Tyler Durden

Fed holds rates steady as inflation fight remains in focus

The U.S. Federal Reserve left interest rates unchanged on Wednesday, keeping borrowing costs steady while putting renewed focus on Chair Kevin Warsh's pledge to bring inflatio...

Wall Street Races to Sell SpaceX-Linked Products as Stock Sinks

Wall Street is racing to roll out complex investment products tied to SpaceX shares that aim to shield buyers from future losses amid a sharp selloff following its market debut.

By Lu Wang

Fed Holds Rates after “Good Family Fight” with 3 Dissenters, after Enormous Uncertainty in the Markets

Markets were left to their own devices for the first time in a generation after Warsh scuttled forward guidance as part of his Regime Change.

By Wolf Richter

‘No magic wand’ to tackle high prices, Fed boss says as US interest rates held

The boss of the Federal Reserve said there is no "magic wand" to ease the cost of living for Americans as it held interest rates steady for the fifth time in a row.

By Abubakar Ibrahim