US Federal Reserve raises interest rates for the first time since 2023
The US Federal Reserve voted to raise interest rates on Wednesday for the first time since 2023 as the central bank continues to fight to tamp down inflation.
Economy
Strong Retail Sales Complicate the Case for a One-and-Done Fed Hike
We have come a long way with more than 85% of the Fortune 500 using Microsoft AI solutions to shape their future. With 66% of CEOs reporting measurable business benefits from generative AI initiatives, particularly in e…
Snapchat open to putting time limits on teens, boss tells BBC
The boss of Snapchat-parent Snap Inc says the firm would be "willing to implement" time limits for teens, following a call from Meta for it to take action.
‘Made in Europe’ law threatens UK plans for reset with EU
The UK government’s EU reset summit will be delayed again unless the bloc agrees to discuss legislation that could lock British business out of parts of EU industry, government sources have said.
Watch: How will higher interest rates impact US consumers?
Americans don’t need a press release to know that inflation is rising. Gasoline is above $4 per gallon amid the ongoing conflict in the Middle East and closure of the Strait of Hormuz, and the release of key price data …
The Australian Dollar continues to slide as the Fed enters hike country
Australia's central bank pays more than the Federal Reserve (Fed) does. The cash rate is 4.35%, the Fed's new range is 3.75-4.00% after Wednesday's quarter-point hike, and most of the big Australian banks expect the RBA…
The Euro breaks lower once the Fed raises rates
The Euro (EUR) trades just under 1.1500 against the US Dollar (USD) on Wednesday, through the pair of long-run averages that had held it up since early August. Both central banks in this pair have raised rates inside a …
Google should appoint antitrust compliance officer, US judge says in ad tech case
On November 3, 2025, both the U.S. Department of Justice and Google filed their final post-trial briefs and proposed remedies in the Eastern District of Virginia antitrust case, setting up a critical showdown over how t…
New Zealand Dollar sinks toward its July low after the Fed hikes
NZD/USD has dropped in six straight sessions. The run started near 0.5900 on September 8, went through both long-run averages near 0.5850 early in the run, and the last three sessions have been the biggest of the lot. T…
Federal Reserve issues FOMC statement
The Federal Open Market Committee approved the following statement for release by a 12 â 0 vote:
Federal Reserve Hikes 25bp, Suggests Another to Come
Dennis Lockhart was president of the Federal Reserve Bank of Atlanta from 2007 to 2017 riding the crest of the Great Financial Crisis recession waves alongside then Fed Board Governor Kevin Warsh who now has just under …
Euro: Consolidation with downside risks against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is consolidating in a tight range around the mid-1.15s as markets await the Federal Open Market Committee (FOMC). They note Eurozone Industrial P…
US Dollar: Fed repricing risk caps downside – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes the US Dollar (USD) has outperformed G10 peers on expectations the Fed will deliver around 100 bps of tightening over 12 months, but warns this may be excessive. They see…
Henry Zeffman: Andy Burnham and his chancellor have a battle on their hands
Today's inflation figures underscore that the economy is the biggest challenge facing Andy Burnham.
Canadian Dollar: BoC hawkish tilt and key levels – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is steady near 1.39 as markets await the Federal Reserve (Fed) and the Bank of Canada’s (BoC) summary of deliberations. They note the BoC is likely to…
US Federal Reserve sends Gold to fresh one-month lows
Spot Gold (XAU/USD) is closing Wednesday with losses, trading around $4,250 after hitting an intraday high of $4,366. The bright metal came under strong selling pressure after the United States (US) Federal Open Market …
Australian Dollar holds ground as Fed decision looms
AUD/USD trades in a narrow range on Wednesday as investors hold back from taking strong positions ahead of the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, AUD/USD trades around 0.7134, …
CN and Amtrak reach eight-year operating agreement
CN and Amtrak finalize an eight-year framework that settles a long-running STB case and adds new safety technology on shared U.S. routes.
Federal Reserve Board and Federal Open Market Committee release economic projections from the September 15-16 FOMC meeting
As the US Federal Reserve’s two-day policy meeting gets underway, investors are closely watching not just the interest-rate decision but also what policymakers signal about the path of rates ahead. A key part of that gu…
United Kingdom: BoE hold view reinforced – Nomura
Nomura’s Global Markets Research team, including Josie Anderson, George Buckley and Andrzej Szczepaniak, notes that UK CPI data for August came in broadly as expected, with headline inflation at 3.1% and core and servic…
Saudi Aramco targets half East-West pipeline capacity within days - Bloomberg
The global oil market is running out of safety nets. Prices are unlikely to fall below $100 per barrel anytime soon, analysts said, with traders increasingly pricing in a significant loss of regional supply as Saudi Ara…
SEC Proposes Rescission of Shareholder Proposal Rule and Reforms to Proxy Solicitation Process
Welcome to the McGuireWoods Quarterly Securities & Capital Markets Update, a review of important securities law developments from the previous quarter that alerts readers to significant considerations for the upcoming r…
Dow Jones Industrial Average huddles ahead of Fed action
The Dow Jones Industrial Average trades just above 52,100 and has spent the morning going nowhere, on the day the Federal Reserve is expected to raise its rate for the first time since 2023. That is not indifference. A …
Amazon to launch Ring ‘neighbourhood watch’ app in UK amid US privacy fears
Amazon’s doorbell camera maker Ring is to launch its Neighbours community app in the UK in an attempt to supplant neighbourhood WhatsApp or Facebook groups.