Citigroup now expects Fed to hike interest rate in November
(Reuters) -Citigroup now expects the U.S. Federal Reserve to raise its key interest rate by 25 basis points (bps) in November, compared with its previous forecast of a September hike.…
(Reuters) -Citigroup now expects the U.S. Federal Reserve to raise its key interest rate by 25 basis points (bps) in November, compared with its previous forecast of a September hike.…
LONDON (Reuters) – British house prices showed the most widespread falls in 14 years in August as demand weakened against the backdrop of elevated mortgage costs and economic uncertainty, an…
(Reuters) – J.P.Morgan Asset Management said on Wednesday it expects no further interest rate hikes from the U.S. Federal Reserve in this cycle, after crucial inflation data appeared to remain…
NEW YORK (Reuters) – After big gains for the U.S. stock market this year, equity valuations could come under pressure from high interest rates, based on historical relationships, JPMorgan strategists…
By Chibuike Oguh NEW YORK (Reuters) – Shares of Northern Trust Corp fell by more than 9% to their lowest level in nearly a month on Tuesday after the custodian…
Josh Hawley Denounces ‘Usury,’ Follows AOC And Bernie Sanders With Proposed Cap On Credit Card Interest Brandon Poulter on September 11, 2023 Republican Missouri Sen. Josh Hawley plans to introduce…
TORONTO (Reuters) – The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy had entered a period of weaker growth, but said it…
BOGOTA (Reuters) – Colombia’s government and industry associations called on the central bank to lower interest rates on Monday and urged business leaders to resume investment decisions, in a bid…
By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left interest rates unchanged on Monday citing signs inflation is easing, but its decision was overshadowed by a…
LONDON (Reuters) – Higher-than-expected inflation data for August published on Monday prompted JPMorgan to revise its year-end inflation forecast to 65% from 62% with the annual rate now expected to…
HONG KONG (Reuters) – Some onshore creditors of embattled Chinese property developer Country Garden’s private bond have received interest payments, sources told Reuters on Friday. The development comes after Country…
By Andrea Shalal WASHINGTON (Reuters) – Emerging markets face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars…
WARSAW (Reuters) – If the downward trend in inflation continues and other macroeconomic factors do not change radically, there are reasons to discuss lowering interest rates, Polish central banker Gabriela…
(Reuters) – Traders kept bets the Federal Reserve will leave its benchmark interest rate in its current range of 5.25%-5.5% next month after data Thursday showed inflation rose in July…
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic laid out a case on Thursday against any further U.S. interest rate hikes, saying monetary policy is already tight enough to…
By David Milliken LONDON (Reuters) – Britain has received a surge in job searches from overseas during the past year, partly reflecting a post-Brexit relaxation in work visa rules for…
TOKYO (Reuters) – Japan’s Ministry of Finance will raise its assumed long-term interest rate to 1.5% for the fiscal 2024/25 year from a record-low 1.1% this fiscal year, Kyodo news…
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes Will Kessler on August 17, 2023 The average 30-year fixed-rate mortgage hit a 20-year high on Thursday following interest rate…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) -The Philippine central bank left its benchmark interest rate steady at 6.25% for a third straight meeting on Thursday, saying…
LONDON (Reuters) -Nearly half of people with interest-only mortgages may be too optimistic about their ability to pay the outstanding capital, Britain’s Financial Conduct Authority said on Tuesday. Interest-only mortgages…
BUENOS AIRES (Reuters) – Argentina’s central bank will raise the benchmark interest rate to 118% from 97% previously, an official source said Monday, adding the country’s currency will be devalued…
By Brendan O’Boyle MEXICO CITY (Reuters) – The Bank of Mexico maintained its benchmark interest rate at 11.25% on Thursday, in line with analysts’ forecasts, underscoring that the inflationary outlook…
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises Will Kessler on August 10, 2023 Inflation rose in July after steadily declining from a high of 9.1% in…
By David Milliken LONDON (Reuters) – British house prices saw the most widespread falls since 2009 last month as interest rates hit a 15-year high, while rents surged by the…
‘Not In His Interest’: Trump Shouldn’t Participate In GOP’s First Republican Primary Debate, Experts Say Mary Lou Masters on August 9, 2023 Former President Donald Trump continues to weigh whether…