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Jul 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!Apr 09 2024
News
The FCA’s Unwise Idea In The Name Of Public Interest
Last month the U.K.'s Financial Conduct Authority (FCA) issued Consultation Paper CP24/2, suggesting a new approach to disclosure of enforcement investigations. This proposal, a notable departure from current practice, would permit the FCA to publicly identify firms and individuals at the initiation of any investigation. This represents a significant policy shift, introducing considerable risk
ForbesMar 20 2024
News
Fed leaves rates alone; still foresees 3 rate cuts this year
WASHINGTON — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024 despite signs that inflation stayed surprisingly high at the start of the year. Yet they foresee fewer rate cuts in 2025, and they slightly raised their inflation forecasts. After ending their latest meeting, the officials kept their benchmark interest rate
Boston HeraldApr 11 2024
News
‘Persons of interest’ arrested after Tuesday’s homicide in Kalamazoo
KALAMAZOO, MI -- Police have two “persons of interest” in the killing of a man shot through the front door of an apartment, the Kalamazoo Department of Public Safety reports. They’ve been arrested on unrelated charges. At 10:25 p.m. Tuesday, April 9, officers responded to multiple reports of shots fired and an unresponsive man bleeding from the head in the 1000 block of Interfaith Boulevard.
MLive.comDec 14 2023
News
European Central Bank Holds Key Interest Rate Steady -- WSJ
The European Central Bank and the Bank of England held interest rates steady as the rich world's central banks begin to reposition themselves for a world in which inflation is under control.
ECB officials agreed Thursday to hold the bank's deposit rate at 4% for a second straight meeting, a record high for the institution created in 1998.
MarketWatchJan 03 2024
News
What's ahead for the US economy and job growth? A peek at inflation, interest rates, more
The post-COVID-19 economy was finally supposed to stop defying gravity and topple into a recession this year.
Instead, the stock market is roaring on the growing belief that the Federal Reserve is on track to wrestle down inflation without causing a downturn, a rare feat known as a “soft landing.”
To be sure, growth is expected to slow amid the delayed effects of the Fed’s
USA TODAYApr 16 2024
News
Most Gulf markets ease on US rate cut concerns
April 16 (Reuters) - Most major stock markets in the Gulf were subdued in early trade on Tuesday, tracking Asian shares lower as stronger-than-expected U.S. retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year. Stronger-than-expected March retail sales data, along with other recent data from the United
ReutersApr 15 2024
News
New threat to Biden: Rising odds of no rate cuts before election
The rising odds that the Federal Reserve might not cut interest rates at all this year has major implications for the coming elections, especially in terms of imperiling President Joe Biden’s quest for a second term. Just four months ago, investors were pricing in up to six interest rate cuts from the Fed in 2024, with most expecting that the first cut would have already happened by now. But
Washington ExaminerSep 21 2023
News
Egypt's central bank keeps key interest rates unchanged
CAIRO, Sept 21 (Reuters) - Egypt's central bank, as widely expected, left its key overnight interest rates unchanged on Thursday, saying both economic growth and core inflation were slowing. The bank kept its lending rate at 20.25% and its deposit rate at 19.25%. The median forecast in a poll of 17 analysts had been for the bank's Monetary Policy Committee (MPC) to leave rates steady. Five
ReutersNov 02 2023
News
Bank of England Votes to Hold Interest Rate at 5.25 Percent
Many mortgage-holders are yet to experience the impact of the bank’s two-year long cycle of interest rate hikes, paused in September. The official bank base interest rate in the UK has remained at 5.25 percent, following a vote by the Bank of England (BoE). The BoE’s September decision to hold the interest rate broke a spell of 14 consecutive rises in almost two years. With the bank rate
The Epoch Times