The European Central Bank cut its key interest rate to the lowest level since early 2023, a response to slowing inflation and threats to growth from President Trump’s trade war. The move deepens a divergence with the U.

Federal Reserve Bank of Chicago President and CEO Austan Goolsbee believes the U.S. economy remains on track to reach the Fed’s 2% inflation target, despite recent economic “turbulence.” In a moderated discussion at the 2025 Quad Cities Business Journal Mid-Year Economic Review in Davenport,

Tennessee sets new maximum formula interest rate at 11.50% starting June 3, 2025, based on the Federal Reserve's prime rate.