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May 03 2023
News
US Fed's Benchmark Interest Rates
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Barron'sMay 01 2024
News
Fed: No Change to Rates Until Inflation Cools Further
The Federal Reserve Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a two-decade high of 5.3%. Several hotter-than-
Newsmax (News)Feb 07 2024
News
URI proposes hiked interest rates for in-state and out-of-state students
KINGSTOWN, R.I. (WLNE) — The University of Rhode Island announced today that the Board of Trustees Finance and Facilities Committee recommended that the URI Board of Trustees approve the increased tuition rates for the next academic year. A 3.6% interest rate for in-state students and 3.9% for out-of-state students was proposed by the committee in Monday’s meeting. The proposal of a 0.9%
ABC 6Dec 13 2023
News
Federal Reserve holds interest rate steady and predicts 3 rate cuts next year as economy slows
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decades to fight painfully high inflation. The Fed’s policymakers also signaled that they expect to make three quarter-point cuts to their benchmark interest rate next year, fewer than the five
FortuneDec 13 2023
News
Fed Keeps Interest Rates Flat Again—But Barely Budges On 2024 Rate Cut Forecasts
The Federal Reserve opted Wednesday to hold interest rates at the same level they’ve sat since July, as the central bank’s impactful rate-hiking cycle appears all but over, though the Fed remains coy about doing a complete 180 degree turn. The Federal Open Markets Committee announced Wednesday it voted to keep the target federal funds rate at 5.25% to 5.5%, a widely expected move marking the
ForbesApr 27 2024
News
Stocks of Huntsville interest among top gainers
Alphabet and Microsoft led the U.S. stock market to its first winning week in the last four and its biggest weekly gain since November.
Closer to home, a handful of stocks of local interest topped a positive-leaning Huntsville and Alabama Stock Report on Friday.
Community Health Systems, Amazon and Carpenter Technology led the way, rising 4.3%, 3.4% and 2.8%, respectively.
AL.comDec 28 2023
News
Housing, inflation, interest rates and more: What to expect in the 2024 economy
A slowdown — but no recession.
That's the broad consensus for the economy among experts as we head into 2024. After a post-pandemic period that saw growth surpass most forecasts — but also spurred breakneck inflation — Americans should now expect a period of reduced business activity.
Yet while some economists believe the risk of a recession will remain, others think a "soft
NBC News (Online)Jan 10 2024
News
Private student loan interest rates skyrocket for 5- and 10-year loans
The average private student loan interest rates spiked for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and 5-year variable-rate loans the week of June 12, 2023.
10-year fixed rate: 7.39%, up from 7.16% the week before, +0.23
5-year variable rate: 12.73%, up from 6.95% the week before, +5.78
For 10-
New York Post (News)Sep 21 2023
News
Higher Interest Rates Not Just for Longer, but Maybe Forever
On Wednesday, Federal Reserve officials surprised markets by signaling interest rates won’t fall as much as previously planned.
The tweak might be more important than it looks. In their projections and commentary, some officials hint that rates might be higher not just for longer, but forever. In more technical terms, the so-called neutral rate, which keeps inflation and unemployment
Wall Street Journal (News)Sep 21 2023
News
Bank of Japan Keeps Interest-Rates Targets Unchanged
TOKYO--The Bank of Japan on Friday kept its interest-rate targets unchanged amid rising prices and growing expectations for an early policy change.
The Japanese central bank decided to maintain its hard cap on the yield of 10-year Japanese government bonds at 1.0% after raising it from 0.5% at its previous meeting in late...
MarketWatch