Thinking behind Reserve Bank's 'hawkish pause' on show Reserve Bank boss Philip Lowe will this week give a speech after keeping interest rates steady in July and the big four banks will be grilled by politicians. AAP · Jul 9, 2023
Comedian blasts Tories amid fears he'll lose his house as mortgage doubles Adrian Thompson, who presents the Aid Thompsin and Other Disappointments podcast, hit out at the government amid rising interest rates. Daily Record · Jul 8, 2023
Asian shares fall as rate-hike bets increase RECAP: Asian stocks slid yesterday to cap a busy first week of the quarter for financial markets, with the dollar standing tall and bonds tumbling as resilient US jobs data has investors bracing for interest rates to head higher still. Bangkok Post · Jul 7, 2023
US adds below-forecast 209,000 jobs as labor market cools U.S. job gains moderated in June while wage growth remained firm, showing a strong enough labor market to keep the Federal Reserve on track to raise interest rates this month. Tribune News Service · Jul 7, 2023
High-Earners Continue to Experience a "Richcession" and it's Not Over Yet It looks like the rich may not keep getting richer, at least in the short term, thanks to a continued "richcession." Barchart · Jul 7, 2023
Econometer: Will restarting student loan payments hurt the economy? Student loan interest rates and payments are set to restart in the fall, and the Supreme Court decided recently to scrap President Biden's debt relief plan. Tribune News Service · Jul 7, 2023
Jobs Report Shows Pace of Hiring Slowed Sharply in June: What the Experts Are Saying A mixed jobs report won't keep the Fed from raising interest rates later this month, the pros say. Kiplinger · Jul 7, 2023
Labour tells Jeremy Hunt his advisers must not undermine Bank of England Exclusive: Members of Mr Hunt’s Economic Advisory Council said the Bank had ‘tried to be too cute’ by not being clear enough on the need for interest rates hikes The Independent UK · Jul 7, 2023
Prolonged property slump looms as interest rates expected to top 6% until 2025 “ Our prediction for an 11% decline in residential house prices over 2023 doesn’t now seem so far away,” one expert said Evening Standard · Jul 7, 2023
S&P Futures Tick Lower Ahead of Key U.S. Payrolls Data September S&P 500 futures (ESU23) are trending down -0.05% this morning as market participants looked ahead to a key U.S. nonfarm payrolls report that might provide further clues on the trajectory of interest rates. Barchart · Jul 7, 2023
Bank of England warned 7 per cent interest rates would send shock wave through housing market A leading economist says there is ‘no need to panic’ as Britain is ‘not in an 07-08 scenario’ The Independent UK · Jul 7, 2023
SET stumbles on domestic, external risks Concerns over rising global interest rates and domestic political uncertainties dragged down the Thai bourse to below 1,500 points again on Thursday, say analysts. Bangkok Post · Jul 6, 2023
Stocks Retreat as U.S. Labor Strength Bolsters the Outlook for Higher Interest Rates What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.79%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.75%. Stock indexes Thursday closed moderately lower, with the Dow... Barchart · Jul 6, 2023
Banks recognise savers need more help accessing best rates, says City regulator The Financial Conduct Authority said it had held a ‘constructive’ meeting with savings providers. The Independent UK · Jul 6, 2023
StockNews.com · Jul 6, 2023 3 China Stocks Smart Money Is Following While worldwide counterparts saw weaker growth due to inflation and rising interest rates, China’s GDP soared in the first quarter of 2023. With the nation’s upward momentum expected to persist, it could be wise to load up on robust China stocks X Financial (XYF), China Automotive (CAAS), and Sunlands Technology…
Daily Mirror · Jul 6, 2023 The LOWEST interest rates offered to savers by banks - from Santander, to Natwest and Barclays Bosses at some of the UK's biggest banks, Lloyds, HSBC, NatWest and Barclays are to face questions by the Financial Conduct Authority (FCA) this week on the speed it passes on the rate rises to savers
The Independent UK · Jul 6, 2023 U.S. job openings dip to 9.8 million but remain high, showing resilience in labor market U.S. job openings slipped in May but remained at levels high enough to show the American labor market remains resilient in the face of sharply higher interest rates
The Week · Jul 6, 2023 When is the ideal time to buy a house? Buying a house can be especially daunting in uncertain economic times, leaving many would-be homeowners struggling to decide if and when to take the plunge.
The Independent UK · Jul 6, 2023 More Americans apply for jobless benefits, but layoffs are not rising significantly The number of Americans applying for jobless benefits rose last week, but remains at healthy levels despite the Federal Reserve’s attempt to cool the labor market by raising interest rates
Daily Mirror · Jul 6, 2023 Interest rates could be hiked to 7%, experts warn - what it means for you Last month, the Bank of England hiked rates by 0.5 percentage points to 5% which left a lot of mortgage holders worried and caused many homeowners struggling the costs
AAP · Jul 6, 2023 Savers warned to show more interest in banking rates Major banks will have an opportunity to explain why some of their customers are missing out on decent savings rates at a parliamentary hearing.
The Guardian - UK · Jul 6, 2023 FTSE 100 hits lowest closing level of 2023 as interest rate rise fears grip markets – business live FTSE 100 index posts biggest one-day fall since March, as strong US jobs report fuels fears of even higher US interest rates
Evening Standard · Jul 6, 2023 Marathon mortgages: meet the first-time buyers taking out 35-year-plus loans to get on the property ladder Amid soaring interest rates, the number of buyers taking on 35-year-plus mortgages has hit a record high. Is the trend just storing up future problems?
The Independent UK · Jul 6, 2023 Financial watchdog to discuss savings rates concerns with bank chiefs Some people have raised concerns about ‘profiteering’ due to interest rates on savings lagging behind those charged for mortgages.
Bangkok Post · Jul 5, 2023 BoT considers rate cuts amid debt crisis The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive.