Why scammers open bank accounts in your name

Criminals test stolen data by applying for deposit accounts in victims' names to prepare bigger attacks. Learn why banks won't share fraud details.
Wall Street Journal

Fed’s Williams Sees Room for ‘Near-Term’ Rate Cut

A top Federal Reserve official said another interest-rate reduction “in the near term” could be warranted to bring rates closer to a neutral setting that neither spurs nor slows growth, leading ...
The New York Times

Top Fed Official Boosts Odds of a December Rate Cut

John C. Williams, president of the Federal Reserve Bank of New York, said the central bank had scope to lower borrowing costs “in the near term.” By Colby Smith Colby Smith covers the Federal Reserve.
News24

Interest rate cut, but Reserve Bank concerned that rand strength is temporary

Reserve Bank Governor Lesetja Kganyago on Thursday announced the first interest rate cut — of 25 basis points — since July, bringing the total cut since September 2024 to 1.5 percentage points. The ...
businesstech.co.za

Reserve Bank cuts interest rates in South Africa

The South African Reserve Bank (SARB) Monetary Policy Committee has voted to cut South Africa’s interest rates by 25 basis points. This takes the repo rate to 6.75% and the prime lending rate to 10.25 ...