GOP Senator Rick Scott Rips Apart Fed’s Monetary Policy Stance The Florida Senator expressed his disappointment in the Fed's stance on the monetary policy. Zenger · Nov 8, 2023
Have U.S. Treasuries Hit Their Lows or is More Downside Expected? The Fed Funds Rate has risen 5.375% since March 2022. U.S. 30-year rates rose to the highest level since 2007, and the yield on the ten-year U.S. Treasury eclipsed the 5% level. The significant rise in interest rates and fall in bond prices may have reached unsustainable levels over the… Barchart · Nov 8, 2023
The RBA has only one tool to fight inflation with – and households are being hammered No homeowner under the age of 55 has had to cope with interest rates rising like this The Guardian - AU · Nov 8, 2023
International Monetary Fund warns Europe against prematurely declaring victory over inflation The International Monetary Fund says the European Central Bank and other policymakers across Europe need to keep interest rates at current elevated levels until they’re sure inflation is under control despite sluggish growth The Independent UK · Nov 8, 2023
UK housing market is past its ‘peak pain’, declares Savills Upmarket estate agent says prices will start to bottom out in 2024 as interest rates fall and will return to growth in 2025 The Guardian - UK · Nov 8, 2023
Average house price predicted to be £45,000 higher by 2028 The expectation of a gradual reduction in interest rates suggests a progressive restoration of buying power and recovery in demand, Savills said. The Independent UK · Nov 8, 2023
Real incomes ‘will not return to pre-Covid levels until 2026 for many families’ The National Institute of Economic and Social Research said interest rates are likely to have peaked at 5.25%. The Independent UK · Nov 8, 2023
Will Bitcoin Peak To $36,000 Before The Week Close? Here’s What Might Lead To It Macro-economic factors have been constantly Bitcoin (CRYPTO: BTC) prices higher as softer market data leads the Federal Reserve to maintain interest rates Zenger · Nov 7, 2023
More pain for borrowers as big banks pass on rate hike Three of Australia's biggest banks have hiked interest rates in response to the Reserve Bank's latest cash rate increase. AAP · Nov 7, 2023
Stocks Climb on Lower Bond Yields and Positive Corporate Earnings What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.31%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.86%. Stocks today are moderately higher, with the S&P 500... Barchart · Nov 7, 2023
How higher interest rates are confounding younger investors City Voices: Gen Z has never seen a higher rate world before Evening Standard · Nov 7, 2023
Markets Today: Hawkish Fed Comments Weigh on Stocks Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.16%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.04%. Stock index futures this morning are mixed after comments Monday night from Minneapolis Fed President Kashkari dampened hopes that the Fed was done raising interest rates. Also,... Barchart · Nov 7, 2023
UK house prices rise for first time since March amid supply shortages Market likely to fall in short term amid high interest rates and living cost pressures, says Halifax The Guardian - UK · Nov 7, 2023
We know rate hikes lead to higher mortgage payments – but they affect Australia’s economy in myriad other ways What prompted the RBA’s Cup Day interest rate decision? The answer in a word is inflation far exceeding expectations The Guardian - AU · Nov 7, 2023
The Guardian - AU · Nov 7, 2023 RBA interest rates: Reserve Bank hikes cash rate by 25 basis points to 4.35% Quarter-point increase to the cash rate will add roughly $100 to monthly repayments for a standard mortgage of about $600,000
The Independent UK · Nov 6, 2023 Bank of England’s top economist warns interest rates likely won’t return to pre-Covid levels Huw Pill says interest rates will likely fall, but not to near-zero levels of the 2010s
AAP · Nov 6, 2023 Cup day rate hike extends finishing line for borrowers Mortgage-holders have been hit with another interest rate rise as the Reserve Bank intensifies its fight against inflation.
Barchart · Nov 6, 2023 Stocks Strengthen on Hopes Fed Rate Hikes Are Done What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. Stocks today extended last week’s rally, with the Dow...
The Independent UK · Nov 6, 2023 Decade-low mortgage growth forecast amid high costs Mortgage loans in 2023 are expected to rise just 1.5% net and 2% net in 2024
The Guardian - AU · Nov 6, 2023 Westpac’s profit jump is no surprise when the RBA favours banks over households Further hiking of interest rates to meet a 2-3% inflation target will serve to enhance the financial sector, not consumers doing it tough
The Independent UK · Nov 6, 2023 Decade-low mortgage growth forecast amid high mortgage costs and sluggish demand Significant cost-of-living pressures continue to affect households’ ability to spend, according to EY ITEM Club.
The Guardian - AU · Nov 5, 2023 If interest rates rise again, it may be because inflation fears lost their anchor to reality The issue of ‘consumer expectations’ of inflation is hotly debated by economists, and might be a key factor in the Reserve Bank’s decision
The Guardian - UK · Nov 5, 2023 As the Bank of England puts rate rises on hold, what are the ups … and the downs? Interest rates appear to have finally peaked. Mortgage holders may be expecting relief and savers disappointment, but what do the experts think?
The Hindu · Nov 4, 2023 Small industrial units seek exemption from power tariff hike Kerala MSMEs face hike in power tariff, high interest rates, spiralling prices of raw materials, rise in transport charges, and difficulty in selling finished products. KSEB has sought an increase of over 40 paise, while the average hike for small industries is 18 paise per unit. Ernakulam District Consumer Protection…
The Guardian - UK · Nov 4, 2023 Don’t get caught out by tax on cash interest, UK savers told Higher interest rates and move away from cash isas means hundreds of thousands more people may be hit