For services, April brings high costs with fast growth S&P India Services PMI zooms to 57.9 in April from 53.6 in March; export orders fall the hardest since September 2021 The Hindu · May 5, 2022
Asian stocks rise after Fed chair downplays bigger rate hike Asian stock markets have followed Wall Street higher after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank’s biggest increase in two decades The Independent UK · May 5, 2022
Cost of your mortgage and other borrowing set to increase today to 13-year high Another increase is expected in August Wales Online · May 5, 2022
Bank of England expected to raise interest rates to 13-year high Economists predict minimum 0.25 point rise as households contend with cost of living crisis The Guardian - UK · May 5, 2022
Bitcoin Is Halfway To The Next Halving: Another Bull Run Incoming? The world's first cryptocurrency Bitcoin (CRYPTO: BTC) is on its way to decreasing its inflation rate once again, with many in the cryptocurrency community believing that it will lead to another parabolic price increase. Benzinga · May 5, 2022
Rising interest rates in US will hinder foreign economies When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans The Independent UK · May 5, 2022
Bank of England set to hike interest rates to 13-year high They are expected to rise from 0.75% to 1% today with another increase likely in August Wales Online · May 5, 2022
Thai bonds may extend 10% losses as swaps price in rate hikes Thai bonds, the biggest loser among Southeast Asian peers, are set to extend their slump as rising inflationary pressures and the risk of a hawkish pivot by the so-far accommodative Bank of Thailand (BoT) weigh on the debt. Bangkok Post · May 5, 2022
Morning Digest | PM Modi leaves for home after concluding three-nation European tour; COVID-19 under control but caution needed, says Centre, and more A select list of stories to read before you start your day The Hindu · May 5, 2022
Sri Lankan tea pickers' dreams shattered by economic crisis On a lush plantation in Sri Lanka, Arulappan Ideijody deftly plucks the tips of each tea bush, throwing them over her shoulder into an open basket on her back. Reuters · May 5, 2022
Bitcoin, Ethereum, Dogecoin Rally After Fed Hikes Rates As Expected: Why This Analyst Thinks It's A 'Fakeout' Rather Than Breakout Bitcoin traded higher and hovered just under the psychologically important $40,000 mark on Wednesday evening as the global cryptocurrency market cap shot up 5.5% to $1.8 trillion. Benzinga · May 5, 2022
Fed orders biggest interest rate hike since 2000 to combat inflation WASHINGTON — For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant escalation of its efforts to get control of troublingly high inflation. Los Angeles Times · May 5, 2022
Laden with ‘world-beating’ debt, Australian households are at increased risk as rates rise, expert says Policies encouraging property investment have fuelled soaring debt ratio to create ‘big potential problem’, researcher warns The Guardian - AU · May 5, 2022
More interest rate hikes are coming, and housing affordability is about to get crunched Rock-bottom rates provided a buffer to soaring house prices, but that is over. Repaying a mortgage will be harder than ever The Guardian - AU · May 4, 2022
Axios · May 4, 2022 The Fed is putting America's inflation problem on its shoulders Chair Jerome Powell addressed the American public directly, and owned the current situation
WEKU · May 4, 2022 The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.
ABC News · May 4, 2022 Penny Wong says annual aid to Solomon Islands is 28 per cent lower on average under the Coalition than it was under Labor. Is she correct? Shadow Minister for Foreign Affairs Penny Wong says the Coalition has spent 28 per cent less on development assistance to the Solomon Islands than Labor did when last in government. Is that correct?
ABC News · May 4, 2022 Federal Reserve hikes official interest rates by 0.5 per cent, ASX rises, Dow Jones jumps 900 points The US Federal Reserve has increased official interest rates by 0.5 per cent and flagged that more such rises are likely. Meanwhile, the Australian market has followed Wall Street higher.
Tribune News Service · May 4, 2022 Stock bulls get reprieve as Powell signals a limit to austerity Under no pressure to throw investors a bone, Jerome Powell nevertheless did, igniting the biggest stock market rally on the day of a Federal Reserve meeting in a decade.
Los Angeles Times · May 4, 2022 Biden previews midterm offensive as he attacks 'extreme' MAGA Republicans in deficit speech WASHINGTON — With an eye clearly on November's midterm elections, President Joe Biden on Wednesday sharpened his attack on Republicans as he sought to contrast his administration's policies with what he described as an "extreme" GOP agenda.
Tribune News Service · May 4, 2022 Sinclair Broadcast reports massive profit as it ‘deconsolidated’ local sports networks from its books Sinclair Broadcast Group said it earned $2.59 billion — yes, with a B — in the first quarter as it “deconsolidated” its local sports segment from its financial statements.
Bangkok Post · May 4, 2022 Thai interest rate policy needs changing On March 16, the Federal Open Market Committee (FOMC), the US equivalent of Thailand's Monetary Policy Committee, raised its policy interest rate (Fed Funds Rate) by 25 basis points from 0.00%-0.25% to 0.25%-0.50% to tame rising inflation.
Bangkok Post · May 4, 2022 Biden Officials Split on Easing China Tariffs to Slow Inflation The Biden administration is split on whether to pare back tariffs on imports from China in an effort to cut consumer costs and reduce inflation, as the White House gives renewed consideration to a step that has divided officials.
France 24 · May 4, 2022 US Federal Reserve hikes interest rates to tackle inflation The US Federal Reserve has hiked interest rates by half a percentage point - double its usual rate - to tackle the country’s highest level of inflation in 40 years. Fed Chairman Jerome Powell said it was 'essential' to lower inflation and reduce hardship for American families. Thomas Costerg, Senior…
StockNews.com · May 4, 2022 3 Dividend Kings to Buy Right Now Without Hesitation The stock market indexes drifted higher yesterday with investors looking ahead to the Federal Reserve's monetary policy tightening to control surging inflation. However, the Ukraine-Russia war, extended COVID-19 lockdowns in China, and the possibility of an economic slowdown, could keep the stock market under pressure in the near term. Amid…