(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. …
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UK house price gauge hits 14-year low as interest rates weigh – RICS
by Reutersby ReutersLONDON (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 …
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J.P.Morgan expects no further Fed interest rate hikes this cycle
by Reutersby Reuters(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 …
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JPMorgan strategists say US stock valuations at risk from high interest rates
by Reutersby ReutersNEW 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 …
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Northern Trust shares slide after forecasting bigger drop in net interest income
by Reutersby ReutersBy 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 …
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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. Josh Hawley plans to introduce …
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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 …
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Colombia government, business leaders call for interest rate cut
by Reutersby ReutersBOGOTA (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 …
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Bank of Israel holds interest rates, eyes turn to possible end of governor’s tenure
by Reutersby ReutersBy 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 …
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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 …
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Some onshore creditors of Country Garden private bond receive interest payments – sources
by Reutersby ReutersHONG 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 …
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IMF sees interest rates remaining high for ‘quite some time’ – Gopinath
by Reutersby ReutersBy 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 …
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Polish central banker says there are reasons to cut interest rates
by Reutersby ReutersWARSAW (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 …
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(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 …
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(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 …
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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 …
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Japan to raise FY2024/25 assumed interest rate after BOJ policy tweak -Kyodo
by Reutersby ReutersTOKYO (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 …
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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 on Thursday following interest rate …
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Philippines central bank keeps rates steady, but ready to resume hikes if needed
by Reutersby ReutersBy 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 …
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A million interest only mortgages come under UK watchdog scrutiny
by Reutersby ReutersLONDON (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 …
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Argentina raises interest rate, devalues peso after shock primary election -official source
by Reutersby ReutersBUENOS 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 …
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Bank of Mexico again holds interest rate firm, even as region begins cuts
by Reutersby ReutersBy 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 …
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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 a high of 9.1% in …
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UK RICS house price gauge falls to lowest since 2009 as interest rates rise
by Reutersby ReutersBy 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 …
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‘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 Trump continues to weigh whether …