Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs.

Welcome to the Money blog, Sky News' personal finance and consumer hub. A digital bank has launched a savings account with a ...

DAX hits an eight-day high as Middle East ceasefire, upbeat Ifo data, and Powell’s policy stance lift sentiment. Traders eye ...

European Central Bank (ECB) chief economist Philip Lane said the process of bringing inflation back to 2pc is almost over, despite some pockets of elevated price pressures remaining. "While headline ...

Fed Chair Powell resists Trump’s call for rate cuts, says the Fed will wait for clearer economic signals before adjusting ...