Rates are held for the sixth time in a row but the Bank says they are likely to rise if high energy prices continue.
Sep 17, 2026
The 0.25% increase comes despite fierce opposition from the US president, who has called for rates to be cut.
This month, the president threatened to halt a broad swath of trade if interest rates were not cut, a possibility he resurfaced on Wednesday.
Trump, who has frequently clashed with Canada's PM, threatens to cut trade with the European Union in response to the proposal.
Sep 16, 2026
Evan Spiegel says it would be "an important step forward for the industry" in an interview with the BBC.
Nvidia, OpenAI and Anthropic are all now selling their own limited edition fashion lines.
President Trump on Wednesday praised Federal Reserve Chair Kevin Warsh, blaming the board instead for the interest rate increase. “I'm relying on Kevin, but he's got a very tough board,” Trump told reporters after landing in North Carolina. “He's got a board that was put there by a lot of other people.” “I told Kevin,...
US Fed hikes rates for first time since 2023 as inflation stays sticky
Trump donor Harold Hamm’s oil company Continental Resources announced a deal Wednesday to drill in Venezuela. Continental signed a memorandum of understanding with Venezuela’s state-run oil company that would allow it to operate in a 126,000 acre-area of the oil-rich Orinoco Belt, according to a press release. "Continental was built to recognize great resource opportunities and...
The BBC's Samira Hussain looks at the factors considered in the increase by the Federal Reserve and what it could mean for the US economy.
The BBC goes inside a fortified storage facility to view luxury goods seized by police that are now up for auction.
Federal Reserve Chair Kevin Warsh said Wednesday the central bank is keeping tabs on rapidly developing artificial intelligence (AI) models. “We care very much about what's happening in artificial intelligence,” Warsh told reporters, after the Federal Open Market Committee raised interest rates by a quarter point. The Fed chair noted he is interested in how...
President Trump offered a fiery response to the Federal Reserve’s decision to hike interest rates on Wednesday, demanding instead that rates be drastically lowered quickly. "Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment!”...
Mr. Hamm’s company, Continental Resources, has signed a preliminary deal with Venezuela’s state-owned oil company to develop and produce oil.
Kevin M. Warsh, the Federal Reserve chairman, said the bank acted to fight inflation that ‘is too high and has been for too long.’
Lower wage growth and slower hiring in some sectors may be the result of artificial intelligence, especially for younger workers.
America’s position of global economic stability is starting to look shakier as the Trump administration piles on debt and doubles down on sanctions.
Elevated interest rates have raised the cost of mortgages and car loans without dampening consumer spending.
Fox is revamping the sports site following the exit of its founder, Clay Travis. It’s hiring a writer who resigned from The Seattle Times over a column about transgender athletes.
Meta CEO Mark Zuckerberg on Tuesday argued that artificial intelligence (AI) companies are incentivized toward safety when it comes to the timing of crafting their models and that external pressure is not needed to keep to that timeline. “Every lab has the responsibility and incentive to move at the pace required to train its models...
The Federal Reserve raised interest rates Wednesday for the first time in several years in the face of stubborn inflation. The central bank's Federal Open Market Committee (FOMC), under Fed Chair Kevin Warsh, voted unanimously to increase the central bank's benchmark interest rate to a range of 3.75 percent to 4 percent. It marks the...
Vice President Vance weighed in on the ongoing AI safety debate Tuesday, pressing those behind the technology to be careful. “The president, I think, is very rightly asking the question, why is it that the people who are at the frontier of the AI economy are throwing up their hands and saying, 'Well, we've built...
The absence of the annual estimate on the tax gap could make it more difficult to assess whether more taxes are going unpaid since President Trump took office.
The Treasury secretary and the Federal Reserve chairman face similar tests: calming investors’ growing worries about inflation and deficits.
The proposal would require autonomous vehicle companies to put a paid "safety monitor" in the driver's seat of every car.
Prolonged restrictions on exports could push oil prices even higher.
The Budget is only six weeks away and the economy is undoubtedly the biggest challenge facing the prime minister.
The move bumps the company's average hourly wage to almost $24 an hour.
Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.
European Commission President Ursula von der Leyen said Wednesday she wants Canada to join the European Union as an associate member, as the North American nation is embroiled in a trade war with the U.S. “I would like to work with you on opening the door for Canada to being the first associate member of...
The prime minister insists he is prepared to take "difficult decisions" at next month's Budget.
The Trump administration paid outgoing employees an estimated nearly $7 billion to not work as it encouraged them to leave the federal service, a government watchdog found in a Tuesday report. Federal workers' use of paid leave increased 435 percent under the first two years of the Trump administration, a dynamic the Government Accountability Office...
If the Fed opts against raising interest rates on Wednesday, investors will probably increase their forecasts for inflation, injecting new turmoil into the government bond market.
The number of shoplifting offences recorded in England and Wales in 2025-26 is still above pre-pandemic levels.
The Hong Kong Special Administrative Region has unveiled its first five-year plan for economic and social development (2026-2030) on Wednesday.
Graphics: What stood out in China's economy in August?
The Pinglu Canal opens a faster gateway to the sea for China's Guangxi Zhuang Autonomous Region and southwest China's cargo.
Chinese films are gaining momentum in overseas markets, with North America emerging as an important testing ground for their global appeal.
What's happening to UK interest rates and what does it mean for mortgages?
I sent 200 LinkedIn messages and got a job: How to nail networking
Shop closures among concerns in ancient capital
Washington balks at giving AI firms waiver to create safety standard
The Fed Raised Rates. What Comes Next?
Global Economy Is Running Out of Wiggle Room
Trump Administration Wants ‘Made in the U.S.A.’ Labels on Beef
Uncontrolled AI could lead to 'silicon species' rivalling humans, warns Microsoft
Electricity discount to be given to NI households
Low-cost food pantry awarded £272k lottery grant
King Charles Meets With A.I. Executives About Safety Risks
OpenAI reveals six more safety issues and unveils plan to disclose incidents
Fed Raises Rates in First Major Step by Warsh to Contain Inflation
The Documentary
Peter Navarro says Fed's rate raise is 'a bad decision'
US interest rates raised for first time in three years