America will keep spending money like a drunken sailor until the world stops funding it
Washington’s unchecked borrowing is evidence of a decadent society that has lost all self-discipline
![Jerome Powell, chairman of the US Federal Reserve](/https/www.telegraph.co.uk/content/dam/business/2024/08/15/TELEMMGLPICT000387827491_17237407841880_trans_NvBQzQNjv4BqpVlberWd9EgFPZtcLiMQf-0Jyi0jPPD6Zx1hiwTPhlc.jpeg?imwidth=350)
Washington’s unchecked borrowing is evidence of a decadent society that has lost all self-discipline
Discover the market leaders for Isas, bonds, savings and current accounts
Major lenders offer competitive deals following Bank Rate cut
The risk of a downturn is rising amid speculation that the Fed has gone too far
Donald Trump has long been a fan of lower borrowing costs
A gambit known as the ‘yen carry trade’ is putting economies on shaky ground
Average cost of a home hits £291,268 as lower mortgage rates reignite market
Major banks slash ‘lock-in period’ for loan offers as rate cuts intensify
Global sell-off is more of a mid-cyclical wobble than a late, end-of-cycle bust
The immediate storm may be passing – but dark clouds have gathered over the US economy
NatWest and Nationwide offer loans below 4pc – with further rate cuts in store
Lower debt service costs will hand Chancellor billions of pounds more for October Budget
Run of bad economic data coincides with Jerome Powell’s decision to hold rates at 5.5pc
Borrowers can only expect a ‘very gradual decrease’ in mortgage costs
Borrowing rates could fall to as low as 3.5pc by end of the year, experts say
Chancellor warns of ‘difficult decisions’ ahead despite improving outlook for public finances
The Bank Rate has fallen for the first time since 2020
Telegraph Money outlines the knock-on effects in store for your mortgage and savings
Demand for these property purchases is rising – despite the £170k premium
Savers urged to lock in deals ahead of possible interest rate cuts
Promises of higher wages for the low paid threaten to stoke price rises once again
If economic policy is not set on the right track there will be a heavy price to pay
Money Makeover: our reader has £200 a month to save, and plans to eventually move house