Pound falls as UK interest rates left on hold in ‘finely balanced’ decision – as it happened Bank of England leaves interest rates unchanged despite inflation falling to its 2% target yesterday The Guardian - UK · Jun 20, 2024
Asian Markets Swing As Traders Assess Rates Outlook Asian markets drifted Thursday as investors try to gauge the outlook for US interest rates, while also keeping tabs on developments in France as it heads for crucial elections. International Business Times · Jun 20, 2024
Australians dabble with crime as cost of living bites Thefts of groceries and alcohol are increasing, with police citing the cost of living and high interest rates as factors turning non-offenders to crime. AAP · Jun 20, 2024
UK interest rates: Bank of England announces interest rate decision after fall in inflation Bank decision on interest rates comes a day after inflation fell to 2% The Independent UK · Jun 19, 2024
Rising costs, rates cook record number of businesses Insolvencies for Australian businesses have reached a record high as high inflation, elevated interest rates and weaker consumer demand squeezes margins. AAP · Jun 19, 2024
3 Momentum Stocks to Ride the Bull Market Despite persistent fears around high interest rates, the economy continues to perform well thanks to strength in the labor market, steady consumer spending, and strong industrial production. Given bullish market trends, it could be wise to invest in fundamentally sound stocks Progressive Corporation (PGR), Energy Transfer (ET), and Williams Companies… StockNews.com · Jun 19, 2024
How do interest rates affect inflation and mortgages? Hopes have been raised that lower levels of inflation will mean interest rates cuts and in turn lower mortgage costs The Independent UK · Jun 19, 2024
How could the new inflation rate affect food prices and bills? UK inflation slowed to 2 per cent in May, dropping to its lowest level since July 2021 The Independent UK · Jun 19, 2024
Please stop obsessing over words. It’s quite simple: the RBA thinks inflation is too high These days every word of every statement from the Reserve Bank Governor Michele Bullock is pored over in minute detail – as is every word uttered at her press conference after each Reserve Bank board meeting. The Conversation · Jun 19, 2024
Dollar Slips as S&P 500 Climbs to a Record High The dollar index (DXY00 ) Tuesday fell slightly by -0.04%. The dollar Tuesday gave up overnight gains and turned lower as T-note yields fell on the weaker-than-expected US May retail sales report. Also, Tuesday’s rally in the S&P 500 to a new record high curbed liquidity demand for the dollar.... Barchart · Jun 18, 2024
US Retail Sales Rise Weakly Amid Economic Challenges US retail sales saw a modest increase in May, impacted by high inflation and interest rates. Gas stations experienced a decline, while specialty stores sho... Top News · Jun 18, 2024
What’s next for interest rates? Even RBA governor Michele Bullock admits she doesn’t know The central bank’s latest statement has some wondering if another rate rise is on the cards – but Bullock says the situation is ‘complex’ The Guardian - AU · Jun 18, 2024
Dollar Follows T-Note Yields Lower The dollar index (DXY00 ) today is down by -0.15%. The dollar today gave up overnight gains and turned lower as T-note yields fell on the weaker-than-expected US May retail sales report. The dollar today initially moved higher based on comments from New York Fed President Williams, who said the... Barchart · Jun 18, 2024
Consumer Spending Holds Steady Amid High Inflation And Interest Rates Consumer spending in May showed a slight uptick despite concerns over inflation and interest rates. Retail sales rose by 0.1%, falling below projections, w... Top News · Jun 18, 2024
The Independent UK · Jun 18, 2024 Retail sales rise a meager 0.1% in May from April as still high inflation curbs spending Consumers barely increased spending in May from April as still high inflation and high interest rates curbed spending
Evening Standard · Jun 18, 2024 Inflation set to hit Bank of England's 2% target, but MPC not expected to cut interest rates Inflation is set to hit the Bank of England’s target figure for the first time since July 2021
Evening Standard · Jun 18, 2024 The Bank of England must ignore Taylor Swift and cut interest rates now City Voices: It’ll be a Cruel Summer if Andrew Bailey and the Bank of England don’t offer some relief on interest rates
International Business Times · Jun 17, 2024 Asian Stocks Struggle After Tepid Wall St Lead, Euro Dips Further Asian markets mostly fell Monday following last week's losses, with traders trying to assess the Federal Reserve's plans for interest rates, while the euro was weighed by political uncertainty as France prepares for a snap parliamentary election.
AAP · Jun 16, 2024 Stubborn economic challenges hang over RBA rates call A June interest rate meeting comes as the federal government defends its budget management in an economy facing slow growth and persistent inflation.
AAP · Jun 16, 2024 RBA likely to hold rates as price pressures loiter The Reserve Bank of Australia is expected to hold interest rates at 4.35 per cent and keep its options open on its next move.
Barchart · Jun 14, 2024 Stocks Settle Mixed as French Political Risks Spark Risk-Off Sentiment The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.42%. Stock indexes Friday settled mixed, with the Nasdaq 100 posting a new all-time high...
Barchart · Jun 14, 2024 Dollar and Gold Move Higher on French Political Risks The dollar index (DXY00 ) Friday finished up by +0.33% and posted a 6-week high. Heightened political uncertainty in France is hammering the euro and supporting the dollar. Also, Friday’s stock slide has boosted liquidity demand for the dollar. In addition, hawkish comments from Clevland Fed President Mester boosted the...
Barchart · Jun 14, 2024 Seasonal Downtrend in Interest Rates Gains Momentum Another Federal Reserve Board meeting has left the Fed Funds rate unchanged at 5.25 to 5.50%. Due to the stickiness of inflation being higher than their 2% target, they have reduced the chances of rate cuts to only once this year instead of the original 3-4 times. The 10-year Treasury…
Barchart · Jun 14, 2024 Stocks Mixed after Weak US Economic News and European Political Uncertainty The S&P 500 Index ($SPX ) (SPY ) today is down -0.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.14%. Stock indexes today are mixed, with the Dow Jones Industrials falling to a 1-1/2...
The Conversation · Jun 14, 2024 The Lib Dems want to tax the banks more – is this a good idea? The Liberal Democrats were the first party to unveil their manifesto and the first party to break ranks and declare increases in tax, or sort of. Ed Davey announced that they would reverse tax cuts to banks and introduce a windfall tax on profits. Obviously, the Liberal Democrats can do…