News

The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns.View on euronews

U.S. stocks took heart from the Federal Reserve's benign actions this week, taking solace in Chair Jerome Powell's relatively sanguine view of the potential inflationary effects of rising trade tariffs and announcements of a sharp slowdown in the Fed's balance sheet unwind. Today I'll discuss the effects of the Fed's statements as well as President Donald Trump's reaction. * The Federal Reserve has signalled it is no rush to cut U.S. interest rates, drawing the ire of President Donald Trump, who demanded in a social media post the central bank "do the right thing".

Swiss National Bank continued to lower interest rates in March, while highlighting that external geopolitical risks could still be a threat to the Swiss economy and exports.View on euronews

(Reuters) -Consultancy firm Accenture said on Thursday the Trump administration's efforts to reduce federal spending have led to delays and cancellations of new contracts, sending the company's shares down more than 6%. The new U.S. administration and its Department of Government Efficiency (DOGE), led by billionaire Elon Musk, have been implementing measures to slash spending and reduce the size of the federal workforce. Accenture said its federal services unit is facing a slowdown as the U.S. General Services Administration instructed all federal agencies to review their contracts with consulting firms and cancel contracts that are not essential.

(Reuters) -U.S. stock indexes recouped some of the early losses on Thursday, as investors digested the Federal Reserve outlook on interest rates amid persistent tariff worries. Traders looked to build on the previous session's gains after a massive sell-off in recent weeks due to the uncertainty tied to President Donald Trump's trade policies. The Fed maintained current interest rates on Wednesday as expected and reaffirmed its forecast for two 25 basis point reductions by the end of year.

Powell takes lessons from the pandemic and the vibecession in waiting for clarity.

The Federal Reserve kept interest rates unchanged on Wednesday, holding the benchmark rate between 4.25% and 4.50%.