More Than Half Of Consumers Expect To Work More Hours Or Get Another Job To Afford Next Car Americans are facing challenges in affording new or used cars, a survey reveals. International Business Times · Oct 24, 2024
Mideast war not behind Aussie inflation: opposition Unlike Australia, inflation and interest rates are falling in the UK, the US, Canada and New Zealand despite conflict in the Middle East, the opposition says. AAP · Oct 24, 2024
Jeremy Hunt claims Labour changing debt definition will ‘punish families with mortgages’ – as it happened Former chancellor says ‘increasing borrowing means interest rates would be higher for longer’ as Reeves says it will ‘make space for investment’ The Guardian - UK · Oct 24, 2024
Rachel Reeves set to borrow billions for investment after announcing major change to fiscal rules Ex-Tory chancellor Jeremy Hunt warns he was advised by the Treasury that ‘increasing borrowing meant interest rates would be higher for longer – and punish families with mortgages.’ The Independent UK · Oct 23, 2024
Bank of Canada’s latest interest rate cut: Monetary policy is not enough to address economic issues on its own The Canadian and American economies are deeply intertwined. With the United States Federal Reserve cautious amid mixed signals from the labour market and rising inflation worries, the Bank of Canada has just lowered its key interest rate to 3.75 per cent — cutting it by half a percentage point. The Conversation · Oct 23, 2024
Things Are Looking Bad for UTV and Snowmobile Maker Polaris We're in a rough moment for powersports manufacturers. Well, at least for those that primarily deal in more expensive machines. As is the case with Polaris, the makers of everyone's favorite UTVs, ATVs, snowmobiles, and whatever the hell the Slingshot is. RideApart · Oct 23, 2024
Dollar Strengthens on Higher T-Note Yields and Weak Stocks The dollar index (DXY00 ) today is up by +0.35% and posted a 2-3/4 month high. Higher T-note yields today boosted the dollar’s interest rate differentials and supported the dollar. Also, the weakness in stocks today has fueled some liquidity demand for the dollar. The dollar fell back from its... Barchart · Oct 23, 2024
3 Consumer Discretionary Stocks Breaking Out This Quarter As the U.S. economy showcases resilience amid evolving inflation trends and shifting interest rates, fundamentally solid consumer discretionary stocks eBay (EBAY), PulteGroup (PHM), and Expedia (EXPE) might be solid buys this quarter. Read on. StockNews.com · Oct 23, 2024
Dollar Supported by Higher T-Note Yields and Euro and Yen Weakness The dollar index (DXY00 ) Tuesday rose by +0.06% and posted a fresh 2-1/2 month high. Higher T-note yields Tuesday supported modest gains in the dollar. Also, Tuesday’s news that showed that the Oct Richmond Fed manufacturing survey rose to a 4-month high was bullish for the dollar. In addition,... Barchart · Oct 22, 2024
Australia facing further economic troubles Australia is facing ongoing economic challenges as Labor holds out hope interest rates will come down before the federal election. AAP · Oct 22, 2024
Weak Stocks and Higher Bond Yields Boost the Dollar The dollar index (DXY00 ) today is up slightly by +0.05% and posted a fresh 2-1/2 month high. Today’s retreat in stocks is boosting liquidity demand for the dollar. Also, today’s news that showed that the Oct Richmond Fed manufacturing survey rose to a 4-month high is bullish for the... Barchart · Oct 22, 2024
Stock Index Futures Slip as Investors Weigh Rate-Cut Outlook, Earnings in Focus December S&P 500 E-Mini futures (ESZ24) are down -0.46%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.62% this morning as Treasury yields extended their rise amid speculation on the trajectory of U.S. interest rates, while investors geared up for the next round of corporate earnings. Barchart · Oct 22, 2024
Most Asian Markets Drop As Traders Weigh US Rates Outlook Most Asian markets turned lower Tuesday after a negative lead from Wall Street fuelled by profit-taking, while traders try to ascertain the outlook for US interest rates. International Business Times · Oct 22, 2024
Dollar Rallies as Hawkish Fed Comments Push T-note Yields Higher The dollar index (DXY00 ) on Monday rose by +0.50% and posted a 2-1/2 month high. The dollar found support Monday from higher T-note yields, which strengthened the dollar’s interest rate differentials. Gains in the dollar accelerated on hawkish Fed comments. Dallas Fed President Logan said she favors the Fed... Barchart · Oct 21, 2024
Barchart · Oct 21, 2024 Crude Posts Moderate Gains on Chinese Stimulus Nov WTI crude oil (CLX24 ) Monday closed up +1.34 (+1.94%), and Nov RBOB gasoline (RBX24 ) closed up +1.27 (+0.63%). Crude and gasoline prices Monday posted moderate gains. Monday's action by Chinese banks to cut interest rates may spur economic growth and is bullish for crude prices. Also, heightened...
Barchart · Oct 21, 2024 Crude Climbs as China Boosts Stimulus Measures Nov WTI crude oil (CLX24 ) today is up +0.88 (+1.27%), and Nov RBOB gasoline (RBX24 ) is up +0.10 (+0.05%). Crude and gasoline prices today are moderately higher. Today's action by Chinese banks to cut interest rates may spur economic growth and is bullish for crude prices. Also, heightened...
The Guardian - UK · Oct 21, 2024 UK interest rates to fall to 2.75% by next autumn, Goldman Sachs predicts Economists at investment bank say markets are underestimating likely extent of action by Bank of England
The Independent UK · Oct 21, 2024 UK interest rates will drop to 2.75 per cent, Goldman Sachs predicts The drop in rates will be welcome news to mortgage borrowers who have had a tough couple of years, although savers will be hit again
Barchart · Oct 21, 2024 Dollar Gains on Higher T-note Yields The dollar index (DXY00 ) today is up by +0.18%. The dollar today is posting modest gains as T-note yields rise, which strengthened the dollar’s interest rate differentials. Also, hawkish comments today from Dallas Fed President Logan supported the dollar when she said she favors the Fed gradually lowering interest...
International Business Times · Oct 21, 2024 China's Central Bank Cuts Two Key Rates To Boost Economy China's central bank on Monday said it had cut two key interest rates to historic lows, in the latest move by Beijing to boost sluggish spending and kickstart the world's second-largest economy.
The Guardian - UK · Oct 19, 2024 Rent, wage slips and interest rates may feature in new AQA maths test for pupils Exam board in England, Wales and Northern Ireland pilots tests that aim to show we ‘use maths all the time every day’
Fortune · Oct 19, 2024 Half of millennials and Gen Zers feel trapped in their starter homes Americans feel stuck in their first homes, tied down by high interest rates.
Latin Times · Oct 18, 2024 Russian Bank CEO: Interest Rates Are Going Up Because Top Official Is a Woman Andrey Kostin said the bank's interest rates would reach about 21% by the end of the year, but told Russian media to ask the governor.
The Guardian - UK · Oct 17, 2024 ECB’s Lagarde: ‘We’re breaking the neck of inflation’ after cutting interest rates – as it happened Rolling coverage of the latest economic and financial news
The Independent UK · Oct 17, 2024 European Central Bank poised to cut rates again as inflation drops below target The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is expected to cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than three years and economic growth waning