Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.

Turkey's current account deficit is expected to be 1.5% of GDP this year and 1.6% next, median forecasts in the poll showed. ...

In the interview, Bessent again noted that Trump has said he is not going to fire Powell. The president reportedly openly mulled the idea of firing the Fed chair in a meeting with lawmakers last week, ...

The White House is casting a wider net in its search for a replacement for Federal Reserve Chair Jerome Powell than is commonly thought, according to Treasury Secretary Scott Bessent.

SYDNEY, July 23 (Reuters) - The Australian and New Zealand dollars held firm on Wednesday as news of a potential U.S. trade deal with Japan salved risk sentiment, but also lessened some of the ...