Investors are racing to buy British debt as traders ramp up bets that the Bank of England will start cutting interest rates before the US Federal Reserve. Official data showed the US rose by more than expected in March in a blow to US rate cut hopes.]]>
SUMMERS: Fed's next rate move COULD BE A HIKE! (Second column, 6th story, link) Related stories:Consumer prices rise 3.5%Long-predicted storm clouds in economy may be formingCredit-Card Delinquency Rates Worst on RecordPrice of Chocolate Boxes Going Up as Cocoa Prices Soar
The March consumer price index data, released today, showed inflation rose to a 3.5% pace year over year, faster than February's 3.2% rate. The core data exceeded expectations too. The news is likely to delay interest-rate cuts by the Federal Reserve.
HARLINGEN — For the first time in 10 years, commissioners are set to call for a new water rate plan boosting utility customers’ charges by about 50% during the next five years to help fund a sewer system overhaul that’s part of WaterWorks’ $258 million five-year master plan.
WPS does, too. That would make 8 straight years of rate hikes for We Energies.
It's Not Rate Hikes That Are "Sparking An Economic Boom", It's The Fiscal Stimulus By Michael Every of Rabobank The Polybius Crisis Take a step back (in time), and see that our neoliberal, debt-addled, was-lower-for-longer global system is not just in a Polycrisis but a Polybius Crisis - referring to the ancient Greek historian. Polybius Methodology: Polybius was first to argue ‘consider your source’: today, media and markets still spout and swallow propaganda. He argues we can’t...
Costco just made a shareholder-friendly move, increasing its dividend.
From time to time, it’s worth taking note of which Sheffield schools are still on an improvement journey and aren’t yet in the ‘good’ books with Ofsted. There are currently 16 primary or secondary schools in the Steel City rated as 'requires improvement' or ‘inadequate’ by the education watchdog, according to its website. In many cases, the inspection reports are not without compliments, such as how pupils at Birley Spa Primary Academy are "polite and respectful" and how Handsworth Grange...
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
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’
Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on US rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady […]
(Bloomberg) -- US credit-card delinquency rates were the highest on record in the fourth quarter, according to a Federal Reserve Bank of Philadelphia report.Most Read from BloombergUS Sees Imminent Missile Strike on Israel by Iran, ProxiesUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets WrapAlmost 3.5% of card...