After a huge week of economic news, where did we land on the direction of interest rates?
It's been a big week for economic and business news.Treasurer Jim Chalmers handed down his third budget on Tuesday, and the Bureau of Statistics published…
Chancellor Jeremy Hunt urges Bank of England to not cut rates too quickly and risk raising them again
CHANCELLOR Jeremy Hunt yesterday urged the Bank of England not to cut rates too quickly and risk raising them again. The Bank kept rates at…
Ken Henry knows a thing or two about federal budgets. His message for Jim Chalmers? Hold steady
There aren't many economists willing to depart from the line that Tuesday's budget must tighten the belt on spending and be "contractionary" to prevent another…
Why mortgage rates are going up, not down
The cost of a new fixed mortgage has risen in recent days, defying many homeowners' hopes and expectations. Source link
U.S. Federal Reserve left interest rates unchanged at 5.25 – 5.5 percent
The Federal Reserve of the United States decided to maintain interest rates at a 22-year high of 5.25 percent to 5.5 percent, based on recent…
Bank Of Canada needs to start cutting rates now: Rosenberg
Breadcrumb Trail LinksEconomyKey data points indicate the central bank is keeping policy 'far too tight'Published May 03, 2024 • 5 minute read You can save…
US Fed keeps interest rates at 23-year high amid stubborn inflation | Inflation
US central bank keeps benchmark rate at 5.25-5.50% after series of economic reports undercut hopes of easing inflation. The US Federal Reserve has held interest…
Federal Reserve expected to leave interest rates unchanged amid poor inflation data
The Fed was expected Wednesday to leave interest rates unchanged due to inflation that's still above the Fed's 2% threshold. Fed Chair Jerome Powell has…
Profits at Lloyds fall after bank squeezed to increase rates for savings accounts customers
PROFITS at Lloyds have fallen by more than a quarter after the bank faced more pressure to increase rates for savings accounts customers. Britain’s biggest…
World’s Highest And Lowest Inflation Rates 2021
Inflation rates are rising in every country but not equally so; The Consumer Price Index only tells part of the story. Two years ago, inflation…
Urgent warning over fresh bird flu pandemic fears as WHO predicts ‘extraordinarily high’ death rates
THE World Health Organisation has expressed "enormous concern" over the spread of bird flu strain H5N1 to humans following another outbreak. Fears are beginning to…
Unemployment Rates Around the World 2023
What does it mean to be unemployed? It is a question that appears easy to answer, at least superficially. Not being able to afford rent,…
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated Press Alex VeigaPublished Apr 11, 2024 • 6 minute read You can save this article by registering…
Bank of Korea Set to Hold Interest Rates During Transition After Elections
Breadcrumb Trail LinksPMN BusinessThe Bank of Korea is expected to keep its policy settings unchanged Friday, opting to continue its inflation fight in a steady…
When will Fed cut rates? As US economy flexes its muscles, maybe later or not at all
Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated Press Christopher RugaberPublished Apr 06, 2024 • 5 minute read You can save this article by registering…
Federal Reserve won’t cut interest rates in 2024, Apollo’s Slok says
Breadcrumb Trail LinksNewsFinancial TimesEconomyEconomist says Fed is stuck on a self-defeating pivotAuthor of the article:Financial Times Robert ArmstrongPublished Mar 25, 2024 • Last updated 32 minutes…
US Inflation Gauge Seen Bolstering Fed Patience on Rates
Breadcrumb Trail LinksPMN BusinessThe Federal Reserve’s preferred measure of underlying US inflation probably remained uncomfortably high in February, showing why central bankers are wary about…
Bitcoin tops $67,000 as US Federal Reserve keeps rates steady
Bitcoin has seen increased interest over the past few months, following the approval of bitcoin exchange-traded funds earlier this year. ADVERTISEMENTBitcoin briefly soared above $67,000…
UN says e-waste is piling up worldwide as recycling rates remain low | United Nations News
The UN says about 62 million tonnes of e-waste was generated in 2022. UN agencies have warned in a new report that waste from electronics…
Federal Reserve keeps interest rates unchanged as it watches inflation data
As the Federal Reserve meets Wednesday, economists were expecting no interest rate cut for this meeting. The Fed continues to adhere to its position that…