Last updated: 2025-12-11 08:19:21 ET
Bangko Sentral ng Pilipinas delivered a fifth straight rate cut at its final meeting of the year in a widely expected move.
President Trump wants lower interest rates and a new Fed chair. Wednesday’s divisions suggest one won’t guarantee the other.
Hotel rates at 96 Marriott and Hilton hotels skyrocketed after FIFA unveiled the 104-match schedule Saturday.
Biotechs are instead spending their time advancing the kind of smart science that will catch the eye of cash-rich pharmaceutical companies.
Fed cuts rates by 25 basis points at December meeting: Biggest takeaways from FOMC, Powell comments
The Federal Reserve voted to cut its benchmark interest rate on Wednesday. This was the Fed's third rate cut since September, but policymakers signaled they expect to make fewer rate cuts next year.
Central bankers lowered rates to a new range of 3.5% to 3.75%, potentially bringing welcomed relief to borrowers.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
The US central bank lowered interest rates for the third time this year, but the outlook for further cuts remains murky.
The central bank cut interest rates by a quarter of a percentage point, seeking to steady a softening labor market.
