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Dec 14 2023
News
BOE Holds Interest Rates, Warns ‘Way to Go’ in Inflation Fight
The Bank of England kept interest rates at the highest level in 15 years as its policy makers persisted with their higher-for-longer message despite growing market bets on a wave of cuts in 2024.
The Monetary Policy Committee voted 6-3 to keep its key policy rate at 5.25% for the third consecutive meeting, according to minutes of the decision released Thursday. Policymakers split along
BloombergJul 27 2023
News
Fed Hikes Interest Rates Again Despite Rising Black Unemployment Rate
The U.S. Federal Reserve voted Wednesday to raise interest rates by another quarter percent, taking the cost of borrowing to its highest level in over two decades. It’s the 11th such rate increase in less than a year and a half. In a letter to Fed Chair Jerome Powell, Democratic Senator Elizabeth Warren of Massachusetts called the Fed’s moves “needless rate increases that threaten the economy
Democracy Now!Nov 01 2023
News
Fed Holds Interest Rates, No Hike, as Expected - The Michigan Star
The Federal Reserve on Wednesday kept its benchmark interest rates, as expected. The Fed held the rate amid a growing economy and labor market and inflation that remains about the central bank’s target. But additional increases also raise concerns about throwing the U.S. economy into a recession. The Fed’s rate-setting group unanimously agreed to hold the key federal funds rate in a target
The Michigan StarMay 01 2024
News
Fed Certain to Hold Rates Steady Amid High Inflation
The Fed is almost certain to hold its benchmark overnight interest rate steady, with investors placing nearly a 100% probability on that outcome and no support for any changes to the policy rate offered by officials ahead of the meeting. But a new policy statement issued at 2 p.m. EDT (1800 GMT) and Powell's press conference half an hour later should provide insight into how deeply – if at all
Newsmax (News)May 01 2024
News
Canadian dollar rebounds as Fed keeps rate cuts on the table
TORONTO, May 1 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Wednesday, clawing back some of the previous day's sharp decline, as the Federal Reserve's signaling about prospects for interest rate cuts was not as hawkish as some investors had feared. The loonie was trading 0.5% higher at 1.3710 to the U.S. dollar, or 72.94 U.S. cents, after it touched intraday on
ReutersApr 30 2024
News
Fed to hold rates steady as inflation dims hopes for policy easing
WASHINGTON, May 1 (Reuters) - U.S. central bank officials will conclude their latest two-day policy meeting on Wednesday with a new statement and comments from Federal Reserve Chair Jerome Powell that could give a clearer sense of how recent disappointing inflation readings have changed the expectation for interest rate cuts this year. The Fed is almost certain to hold its benchmark overnight
ReutersMay 01 2024
News
Don’t hold out for rate cuts
The Federal Open Markets Committee (FOMC), the central bank committee tasked with setting monetary policy, voted Wednesday to keep the federal funds rate at a range of 5.25 percent to 5.5 percent, where it has been since July. While the Fed signaled at the end of last year it would start cutting rates in 2024, the FOMC cited a “lack of further progress” toward its inflation goal of 2 percent
The HillMay 03 2024
News
Norway Opens Door to Rate-Cut Delay Amid Weakness in the Krone
Norway’s central bank signaled it may delay plans to begin interest-rate cuts in the autumn after the krone weakened more than officials anticipated.
Norges Bank held the key deposit rate at 4.5%, the highest since December 2008, as predicted by all analysts in a Bloomberg survey , and said that the economy may need to maintain constriction “for somewhat longer than previously envisaged
BloombergApr 26 2024
News
Today's 15-year and 30-year mortgage rates rise
The interest rate on a 15-year fixed-rate mortgage is 6.625% as of April 26, which is 0.125 points higher than yesterday. Additionally, the interest rate on a 30-year fixed-rate mortgage is 7.625%, which is also 0.125 points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different
Fox BusinessApr 27 2024
News
US Fed To Meet Amid Dwindling Hopes Of Summer Rate Cuts
The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts. The Fed's decision to hike interest rates and then hold them at a 23-year high has helped to significantly lower elevated inflation, although it remains stuck firmly above the
Barron's