Donald Trump has attacked the head of the US central bank for not cutting interest rates, stating that Jerome Powell’s “termination cannot come fast enough!”. The US president took to social media to renew his criticism of Powell ahead of the third interest rate cut this year by European Central Bank (ECB). On Thursday, it...
This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox In the past six months, two babies in Louisiana have died of pertussis, the disease commonly known as whooping cough. Washington state recently announced its...
Barclays has become the biggest UK lender so far to cut mortgage rates as the continued uncertainty caused by US tariff policy raises expectations of interest rate cuts this year. Barclays is reducing the rate on certain fixed-term deals to 3.99%, joining several other lenders who have cut mortgage rates this week. US President Donald...
A growing number of UK lenders are cutting mortgage rates as the fallout from US tariffs continues to fuel forecasts of deeper than expected interest rate cuts. Coventry Building Society became the largest mortgage provider to trim its two-year fixed rate mortgage to below 4% on Wednesday, joining a number of lenders who made similar...
Lenders are set to cut rates on mortgages after turmoil from US President Donald Trump’s tariff policy raised expectations that UK interest rates could be cut further this year. TSB Bank said it will reduce some two-year fixed rate mortgages by up to 0.25 percentage points on Wednesday, following MPowered Mortgages which trimmed rates on...
