October 30, 2023
“Turkey’s central bank on Thursday hiked its key interest rate from 30% to 35%, in an ongoing bid to rein in inflation. The move was in line with expectations of economists polled by Reuters. The central bank said price rises… Continue Reading…
October 17, 2023
“… Why it matters: An upward shift in long-term interest rates is putting the government on track to spend much more on interest payments in the coming years than was anticipated just a few months ago. …” https://www.axios.com/2023/10/16/interest-rates-federal-debt Long story short… Continue Reading…
October 4, 2023
“…Mortgage rates just continue to climb higher, taking a particularly big leap last week. As a result, total mortgage demand fell 6% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index… Applications for a mortgage… Continue Reading…
September 27, 2023
“A “soft landing” for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40% chance that the Fed will need to raise interest rates “meaningfully” to… Continue Reading…
September 21, 2023
“The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations. The Bank had been hiking rates consistently since December 2021 in a bid to rein in inflation,… Continue Reading…
September 21, 2023
“Turkey’s central bank hiked its key interest rate to 30% on Thursday, a 500-basis point jump from 25%, as Ankara continues to battle double-digit inflation. The Turkish lira weakened slightly to 27.06 against the dollar on the news, with the greenback up 0.3% against… Continue Reading…
July 5, 2023
“JP Morgan Chase has said there is a risk that the Bank of England will have to push interest rates as high as 7pc and trigger a “hard landing” in the economy to quell inflation….” https://finance.yahoo.com/news/bank-england-considers-clampdown-foreign-063037616.html Guess what? If inflation… Continue Reading…
June 27, 2023
“Online money transfer firm Wise’s shares soared nearly 18% Tuesday as the company reported a spike in profits thanks to rising interest income. The company said in a statement to the stock market that its profit before tax tripled to £146.5 million… Continue Reading…
June 5, 2023
“Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company’s crown jewel — Buy Buy Baby — may live to see another day… The interested parties include an unknown bidder, who would purchase… Continue Reading…
May 15, 2023
“…The average age of a light-duty vehicle on U.S. roads rose by more than three months — the highest year-over-year increase since the Great Recession in 2008-2009 — to 12.5 years as of Jan. 1, according to a new report… Continue Reading…
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