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 …
interest
UK house price gauge hits 14-year low as interest rates weigh – RICS
LONDON (Reuters) – British house prices showed the most widespread falls in 14 years in August as demand weakened against the backdrop of elevated mortgage …
J.P.Morgan expects no further Fed interest rate hikes this cycle
(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 …
JPMorgan strategists say US stock valuations at risk from high interest rates
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 …
Northern Trust shares slide after forecasting bigger drop in net interest income
By Chibuike Oguh NEW YORK (Reuters) – Shares of Northern Trust Corp fell by more than 9% to their lowest level in nearly a month …
Josh Hawley Denounces ‘Usury,’ Follows AOC And Bernie Sanders With Proposed Cap On Credit Card Interest
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. …
Bank of Canada holds interest rate 5%, warns of more tightening
TORONTO (Reuters) – The Bank of Canada on Wednesday held its key overnight interest rate at 5%, noting the economy had entered a period of …
Colombia government, business leaders call for interest rate cut
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 …
Bank of Israel holds interest rates, eyes turn to possible end of governor’s tenure
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 …
JPMorgan ups Turkey inflation, interest rate forecasts
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 …
Some onshore creditors of Country Garden private bond receive interest payments – sources
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. …
IMF sees interest rates remaining high for ‘quite some time’ – Gopinath
By Andrea Shalal WASHINGTON (Reuters) – Emerging markets face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and …
Polish central banker says there are reasons to cut interest rates
WARSAW (Reuters) – If the downward trend in inflation continues and other macroeconomic factors do not change radically, there are reasons to discuss lowering interest …
Fed expected to hold interest rates steady next month
(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 …
Fed’s Bostic says U.S. interest rates are high enough
(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 …
UK sees surge in interest from non-EU job hunters
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 …
Japan to raise FY2024/25 assumed interest rate after BOJ policy tweak -Kyodo
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% …
Mortgage Rates Reach A 20-Year High Following Interest Rate Hikes
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 …
Philippines central bank keeps rates steady, but ready to resume hikes if needed
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 …
A million interest only mortgages come under UK watchdog scrutiny
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 …
Argentina raises interest rate, devalues peso after shock primary election -official source
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 …
Bank of Mexico again holds interest rate firm, even as region begins cuts
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, …
Interest Rate Hikes Fail To Pump The Brakes As Inflation Rises
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 …
UK RICS house price gauge falls to lowest since 2009 as interest rates rise
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, …
‘Not In His Interest’: Trump Shouldn’t Participate In GOP’s First Republican Primary Debate, Experts Say
‘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 …
US reports big interest in $52 billion semiconductor chips funding
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Wednesday that more than 460 companies have expressed interested in winning government semiconductor …
Trump aide’s lawyer may have conflicts of interest in documents case, prosecutors say
By Jack Queen (Reuters) – Prosecutors who charged Donald Trump and two aides with mishandling classified documents asked a judge on Wednesday for a hearing …
Israel judicial plan, higher interest rates pose risk for financial system -regulator
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible …
Colombia central bank holds benchmark interest rate at 13.25%
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – Colombia’s central bank unanimously held the benchmark interest rate at 13.25% for the second time in …
ECB’s Stournaras says further interest rate rise in September ‘looks difficult’
ATHENS (Reuters) – A further rise in euro zone interest rates in September looked “difficult”, Greek central bank chief Yannis Stournaras said in an interview …
Higher interest rates depress UK commercial property, survey finds
By David Milliken LONDON (Reuters) – Two thirds of property surveyors think Britain’s commercial real estate market is in a downturn, as higher Bank of …
Fed Resumes Interest Rate Hikes To Highest Level Since 2001
Fed Resumes Interest Rate Hikes To Highest Level Since 2001 Will Kessler on July 26, 2023 The Federal Reserve hiked its benchmark federal funds rate …
Brazil’s finance minister expects interest to fall to ‘at least’ 12% by year-end
BRASILIA (Reuters) – Brazil’s Finance Minister Fernando Haddad said on Wednesday he expects the basic interest rate to fall to “at least” 12% by year-end, …
Huntington Bancshares beats Q2 profit estimates on interest income strength
(Reuters) -Huntington Bancshares beat Wall Street estimates for second-quarter profit on Friday, as it earned more from rising interest rates and saw strong demand for …
Regions Financial’s quarterly profit meets estimates on net interest income boost
(Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned …
Capital One Financial beats profit estimates on higher interest income
(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a …
Marsh McLennan beats Q2 profit estimates on interest income boost
(Reuters) – Marsh McLennan reported second-quarter profit above expectations on Thursday, bolstered by the higher interest the company earned from client funds. The company reported …
Fifth Third Bancorp tops profit estimates on strong interest income
(Reuters) – Fifth Third Bancorp on Thursday posted a better-than-expected second-quarter profit, as interest rate hikes by the U.S. central bank boosted its interest income. …
US Bancorp sees annual net interest income below Wall Street estimates, shares fall
(Reuters) – US Bancorp forecast full-year net interest income (NII) below Wall Street estimates, sending the lender’s shares down more than 1% in premarket trading …
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid rate hikes to tame inflation …
Citizens Financial beats second-quarter profit estimates on interest income boost
(Reuters) – Citizens Financial Group reported a second-quarter profit that beat Wall Street estimates as lenders’ net interest income rose in a high-interest-rate environment. The …
PNC Financial’s interest income forecast trim clouds upbeat quarter
(Reuters) – PNC Financial Services Group on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow over the lender’s second-quarter earnings …
State Street beats profit estimates as interest income rises
(Reuters) – State Street Corp on Friday beat profit estimates for the second quarter as the bank’s interest income benefited from the U.S. Federal Reserve’s …
Search for Person of Interest in July 4 Stabbing
BALTIMORE, MD – Homicide detectives are seeking a person of interest in a fatal stabbing that took place on Tuesday. Surveillance footage reveals the individual …
Argentina to hold interest rate at 97% as raging inflation eases – bank sources
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank is set to hold its benchmark interest rate steady at 97% in the near term …
Aussie retailers in for more pain as high interest rates squeeze spending – Citi
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup …
Junk-rated borrowers’ interest bill hits 13-year high- S&P
By Naomi Rovnick LONDON (Reuters) – Debt interest rates paid by the world’s riskiest corporate borrowers have reached the highest since 2010, at 6.1% on …
ECB’s Villeroy: duration more important than level of interest rates
PARIS (Reuters) – How long the European Central Bank keeps rates elevated is more important than the actual level, though rates are close to levels …
Jemarcus Devonte Butler Named as Person of Interest in Homicide Case
LYNCHBURG, VA – Jemarcus Devonte Butler, 33, has been named as a person of interest in the recent homicide case of Ms. Laura DeLapp . …
Powell Says Interest Rate Hike Is Coming, Despite Pause Last Week
Powell Says Interest Rate Hike Is Coming, Despite Pause Last Week Jake Smith on June 21, 2023 Federal Reserve Chairman Jerome Powell said in a …