Federal Reserve Chair Jerome Powell accuses the Trump administration of a politically motivated criminal probe after the Fed refused to cut interest rates. Explore the escalating battle for central bank independence.
Jerome Powell forced to address police probe seen as attack on Fed's independence. Former chairs Yellen, Bernanke & Greenspan warn of emerging market-style institutional decay. Read the full analysis.
US Justice Department opens criminal probe into Federal Reserve Chair Jerome Powell, escalating a political battle over interest rates and central bank independence. Read the full analysis.
Economists warn Donald Trump's attempts to influence the Federal Reserve could trigger 1970s-style inflation and global market backlash. Read the full analysis.
The US Department of Justice has opened a criminal investigation into Federal Reserve Chair Jerome Powell, sparking fears over central bank independence and sending gold prices soaring.
Federal Reserve Chair Jerome Powell alleges the Department of Justice threatened him with a criminal indictment over Congressional testimony. Read the full story on the escalating pressure on the US central bank.
Barclays stock plunged as Donald Trump's plan to cap US credit card rates at 10% threatens its lucrative American consumer arm. Full analysis of the market fallout.
Federal Reserve Chair Jerome Powell alleges the Justice Department is threatening him criminally for defying Trump's rate cut demands. Explore the escalating political attack on central bank independence.
BDO's optimism index reveals business confidence has plummeted to its weakest since 2021. Experts blame low demand, tax burdens, and Labour's employment reforms. Read the full analysis.
President Trump announces a one-year cap on credit card interest rates at 10%, effective 20 January. Critics question its legality without Congressional approval, while banking groups warn of reduced credit access.
US hiring remained steady in December with 50,000 new jobs, as economists describe a 'no hire, no fire' phase. The Fed weighs data for its next interest rate decision. Read the full analysis.
UK inflation sees an unexpected dip, but soaring electricity prices and rents remain key drivers, accounting for 20% of the annual rise. The Bank of England is unlikely to cut interest rates soon. Read the full analysis.
Australian inflation fell to 3.4% in November, below forecasts. Financial markets now see a two-thirds chance the RBA will hold rates in February. Read the full analysis.
Southern and eastern Australia face an extreme heatwave, while economists await key inflation data. A snorkeller's remains are found on a WA beach. Follow our live blog for updates.
Allica Bank offers a business account paying competitive interest and cashback. Firms holding £250k could earn close to £10,000 in 2026. Discover how to make your cash work harder.
HSBC slashes mortgage rates, igniting a potential price war among UK lenders. Good news for 1.8 million homeowners refinancing in 2026. Read the full analysis.
Australian property values are set to rise at least 5% in 2026, following an 8.6% surge last year. Explore the data, city breakdowns, and the growing generational home ownership gap.
Your 2026 financial calendar: The energy price cap rises 0.2% in January, while the National Living Wage jumps 4.1% in April. Key dates for mortgages, bills, and Bank of England decisions revealed.
The US Federal Reserve maintains its key interest rate at 5.25%, resisting political pressure. Explore the implications for inflation and the global economy.
Labour demands Lord Wolfson quit as shadow attorney general or drop Roman Abramovich as a client. The row centres on UK sanctions and £5.3bn in frozen assets. Read the full story.
Minutes from the Federal Reserve's December meeting reveal a rare debate over interest rates, with officials deeply divided. Only one further cut is now expected next year. Read the full analysis.
Labour demands Kemi Badenoch act as her shadow attorney general, David Wolfson, represents Roman Abramovich in a £5.3bn Jersey asset freeze case, raising major conflict of interest concerns.
Croydon Council is considering creating nine new conservation areas to protect local heritage. Residents are invited to have their say on the plans, which would bring extra planning controls.
A community workshop in Mitcham is helping asylum seekers escape hotel isolation by teaching construction skills and offering a path to employment. Discover how this initiative is building futures.
The Trump administration sends 350 National Guard members to New Orleans, sparking debate over security needs versus community fear. Critics cite falling crime rates.
The US economy expanded at a robust 4.3% annualised rate in Q3 2025, far exceeding expectations. The strong data complicates the Federal Reserve's interest rate decisions amid mixed inflation and jobs signals. Read the full analysis.
The UK's economic growth for Q2 2025 has been revised down to 0.2%. Real household disposable income fell 0.8% in Q3, raising recession fears. Read the full analysis.
Luigi Mangione may avoid the death penalty for the murder of UnitedHealthcare CEO Brian Thompson after his lawyers cited a conflict of interest involving Attorney General Pam Bondi. Read the latest legal developments.
Chancellor Rachel Reeves says the latest interest rate cut to 3.75% proves economic stability is back. Homeowners save £1,200 yearly on mortgages, while SMEs benefit from cheaper loans for investment.
The British Retail Consortium warns managing inflation expectations is key for 2026. High consumer forecasts may force the Bank of England to limit rate cuts. Read the analysis.