ECB lift its interest rates by 0.75% in the battle to curb inflation The move makes it even more likely that the Bank of England will follow suit next week Evening Standard · Oct 27, 2022
Housing market predictions for 2023 We’re rounding the corner on 2022 and quickly heading toward a new year. That makes this a perfect time to prognosticate real estate matters for 2023. With mortgage rates escalating higher, home sales — and, in some areas, home prices — hitting the brakes, and increased uncertainty felt throughout the… Tribune News Service · Oct 27, 2022
Homeownership grows more unaffordable as average new mortgage payment increases over 95% FORT LAUDERDALE, Fla. — The average new mortgage payment for a home has almost doubled in South Florida over the past year as interest rates skyrocket. Tribune News Service · Oct 27, 2022
EXPLAINER: What's up with the Bank of Japan's unique track? Even as the Federal Reserve and the world’s other central banks raise interest rates to try to curb inflation, the Bank of Japan has stood firm, keeping its key interest rate at minus 0.1% The Independent UK · Oct 27, 2022
The 'Experts' Were Never Going To Fix Inflation The idea that the Fed has the knowledge necessary to control the economy with perfectly calibrated policies was always an illusion. Reason · Oct 27, 2022
ANZ revenue rises off interest rates and banks raise RBA cash rate forecasts Helped by cash rate hikes, ANZ's revenue has risen 5 per cent. Meanwhile, other banks are raising forecasts of how far the RBA will hike the cash rate. ABC News · Oct 26, 2022
‘Winter is coming’: Commercial property sector plans for recession DALLAS – Commercial real estate industry leaders are preparing for tougher times – tighter lending, higher interest rates and likely a recession. Tribune News Service · Oct 26, 2022
Barclays beats City forecasts, but bad debts rise RISING interest rates pushed Barclays to £2 billion profit for the last three months, about £200 million better than City forecasts. Evening Standard · Oct 26, 2022
Krungsri remains upbeat on mortgage demand in Q4 Bank of Ayudhya (Krungsri) believes the trend of rising interest rates will not affect real demand for mortgages, predicting positive demand in the final quarter this year. Bangkok Post · Oct 26, 2022
Home Flipping Is Down, And Those That Remain Are Looking For Cash Investors The demise of a formerly hot home market, torn apart by increasing mortgage interest rates, is now beginning to affect a once thriving home-flipping environment. Benzinga · Oct 25, 2022
Apple Reportedly Cuts Back Production of iPhone 14 Plus Due to Weak Demand Apple Inc is cutting back production of iPhone 14 Plus and is increasing the output of the more expensive iPhone 14 Pro due to lukewarm demand, market research firm TrendForce said Tuesday. The share of more expensive iPhone 14 Pro series has increased to 60% of the total output from… Asharq Al-Awsat · Oct 25, 2022
Jim Chalmers’ first budget comes amid a darkening economic outlook. Here’s what could go wrong The federal budget forecasts growth of 3.25% this year but hints at a slowing global economy with high inflation and interest rates The Guardian - AU · Oct 25, 2022
Calls for UK banks windfall tax as HSBC reports profits of $700m more than predicted Bank records quarterly profits above $3.2bn estimated as interest rates rise on back of higher borrowing costs The Guardian - UK · Oct 25, 2022
FTSE 100 Live: Jeremy Hunt to stay as chancellor; HSBC profits fall Big Tech shares were shaken last night after Google and YouTube parent company Alphabet posted weaker-than-expected revenues and earnings figures. Evening Standard · Oct 25, 2022
Bangkok Post · Oct 25, 2022 Vietnam raises key rates by 100 basis points as dong slumps Vietnam’s central bank unexpectedly raised interest rates by another 1 percentage point for a second straight month to help ease pressure on a currency that has slumped to a record low.
The Independent UK · Oct 25, 2022 Australia to reveal economic plan for deteriorating outlook Australia’s new government will propose an economic plan to steer the nation through rising inflation and interest rates while reigning in debt
Tribune News Service · Oct 24, 2022 Bay Area the only region in California where homes are selling for less than a year ago Perhaps it was inevitable — what goes up, up, up, must come down eventually. Homes in the Bay Area are now selling for less than they were a year ago, the only part of California where that is true, as rising interest rates continue to throw cold water on the…
Bangkok Post · Oct 24, 2022 Higher Interest Rates Can Take a Long Time to Bring Down Inflation The world's central banks face a nail-biting wait.
Benzinga · Oct 24, 2022 Want To Earn High Interest From Savings? Here Are the Best Banks For CDs (Certificates Of Deposit) These days, traditional savings accounts have not offered much to investors for some time. But now that the Federal Reserve is raising interest rates, big banks are raising rates as well.
Benzinga · Oct 24, 2022 Former Fed Vice Chairman Roger Ferguson Thinks The Markets Have It Wrong And Rate Hikes Will Continue Into 2023 Roger Ferguson, former vice chairman of the Federal Reserve and former CEO of TIAA, joined CNBC’s ‘Squawk Box’ earlier Monday morning to discuss what he expects to come from the Fed.
Benzinga · Oct 24, 2022 This Real Estate Brokerage Believes The Residential Housing Market Is In Peril and 'Winter Is Coming' Rising home mortgage interest rates, a lack of seller inventory and still high home prices have thrown the residential real estate industry and investment strategies into a tailspin.
The New Daily · Oct 24, 2022 More than $100,000 wiped from Sydney property prices as rate hikes bite Property prices are plunging fast as rising interest rates push down property prices, leaving the market mired in uncertainty.
Asharq Al-Awsat · Oct 24, 2022 ECB again Eyes Jumbo Rate Hike to 'Tame Inflation Beast' The European Central Bank is expected to set aside recession worries and deliver another jumbo interest rate hike this week to cool inflation, as Russia's war on Ukraine sends energy prices soaring. Inflation in the 19-nation eurozone climbed to an all-time high of nearly 10 percent in September, five times…
Benzinga · Oct 22, 2022 Yen Falls To 32-Year Low Against The Dollar It’s one of the many effects of the rise in interest rates in the United States: The Japanese yen has fallen to a 32-year low versus the dollar. The government in Tokyo will not allow its 10-year yield to rise above 0.25% — it’s a government finance policy mandate —…
The Times of India · Oct 21, 2022 SBI hikes term deposit rates by up to 0.80% MUMBAI: The country's largest lender SBI on Friday upped its interest rates on term deposits by up to 0.80 per cent amid a 'war for deposits' in the banking system.