The latest GDP and inflation figures have sparked concerns among investors, hinting at a potential economic downturn worse than a recession. read more
The economic outlook for 2024 is taking an unexpected turn as economists at Macquarie have revised their predictions for interest rates, now suggesting a potential hike. read more
(Bloomberg) -- Treasury options traders are protecting against everything from multiple interest-rate cuts this year to a hike ahead of the US Federal Reserve meeting this week.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoYen Watchers Ask When Japan Will Step In as Slide AcceleratesBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Southeast Asia Heat Wave Shuts Schools,...
(Bloomberg) -- Words are powerful. For the US economy, no-one’s more so than those of Fed Chair Jerome Powell.Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoYen Watchers Ask When Japan Will Step In as Slide AcceleratesBlade to Offer Luxury Bus Service to Hamptons at Fare Up to $275Southeast Asia Heat Wave Shuts Schools, Stokes Power DemandBloomberg Economics’ Fed sentiment index —...
The Fed's decision to hike interest rates and then hold them at a 23-year high has helped to significantly lower elevated inflation, although it remains stuck firmly above the US central bank's long-term target of two percent.Since the start of this year, the Fed's favored inflation measure has actually accelerated, hitting an annual rate of 2.7 percent in March, while economic growth has slowed, and the labor market has remained robust.The current environment, analysts say, is likely to lead...
WASHINGTON — The U.S. Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts. The Fed's decision to hike interest rates and then hold them at a 23-year high has helped to significantly lower elevated inflation, although it remains stuck firmly above the U.S. central bank's long-term target of two percent.
Homeowners are facing a hike in monthly payments with some forced to extend mortgage terms or even sell and move
LAFC have reportedly secured the signature of AC Milan star and France
Some analysts on Wall Street think Powell will say rate hikes aren't the base case but will depend on economic data and can't be ruled out.
The two-person team had been climbing the peak on Thursday night. Both individuals fell nearly 1,000ft from a route known as 'the Escalator'. Due to weather, crews have not been able to reach the body of the dead climber
The leading housebuilder currently has a selection of three and four bedroom homes for a range of homebuyers that are ready to move into straight away. Jason Hearn, Sales Director at David Wilson Homes South Midlands, said: “We understand many people envision themselves enjoying the summer sun in their new home, and we want to make that a reality. “We have expertly trained Sales Advisers on hand to assist with moving and ensure that everything goes smoothly. “A selection of homes at Overstone...
Australian mortgage holders should not be banking on interest rate relief following surprisingly strong quarterly inflation data. The March quarter consumer price index revealed lingering price pressures, especially for services such as education, health, rents and insurance, slimming the chance of interest rate cuts any time soon. Fewer or no cuts in 2024 will delay […]