Interest rate cuts are beginning to look like a mirage: the closer we seem to get to them the more…What to read next: Scrapping Ofsted would suit teachers – but be terrible for children | Why one-man plays are all the rage | Are we really reaching ‘farmaggedon’? | The irresponsibility of ‘two years to save the planet’
The Judo Bank is now forecasting the Reserve Bank will raise interest rates three times in 2024. This would see borrowers paying the highest rates in almost 16 years.
Judo Bank now predicts the Reserve Bank will raise interest rates three times in 2024 to levels not seen in 16 years - increasing the average mortgage repayment by $300 a month.The bank's chief economic adviser, Warren Hogan, forecast the key interest rate will rise to 5.1 percent by Christmas, from a 12-year high of 4.35 percent. Rate hikes in August, September and November this year would see the Reserve Bank of Australia's key interest rate reach levels last seen in December 2008 during the...
Relentlessly rising auto insurance rates are squeezing car owners and stoking inflation. Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from its 9.1% peak in the middle of that year. Consumers have had some relief as the rate of cost increases for food and energy, two key components of most budgets, has eased greatly. But auto insurance and car...
(Reuters) -AT&T surpassed Wall Street expectations for first-quarter wireless subscriber additions and free cash flow on Wednesday as more people purchased its higher-tier unlimited plans. The telecom giant has been leaning on its 5G rollouts and plans that are usually cheaper than rivals such as Verizon to appeal to more budget-conscious consumers and drive growth in the competitive U.S. market. AT&T added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying...
The telecom giant has been leaning on its 5G rollouts and plans that are usually cheaper than rivals such as Verizon to appeal to more budget-conscious consumers and drive growth in the competitive U.S. market. AT&T added 349,000 net monthly bill-paying wireless phone subscribers in the first quarter, flying past expectations of 286,800 additions, according to five analysts polled by FactSet.
AT&T stock climbed after Q1 earnings fell from a year earlier but topped
Dave Ramsden, one of the nine Monetary Policy Committee (MPC) members, told an audience in Washington that he was now "more confident" that inflationary pressures were receding.
Andrew Bailey has signalled UK interest rates remain on course to fall in the coming months amid growing fears that stubborn inflation will force the US to delay rate cuts.]]>
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates. “Recent data have clearly not given us greater confidence” that inflation is coming under control” and instead indicate that it’s […]
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates
Nothing seems to be on a roll as of late, as the company is delivering some