Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. In a speech, Jefferson said he expects inflation to continue to slow this year. But he omitted a reference to the likelihood of future rate […]
Eric Zuesse (blogs at https://theduran.com/author/eric-zuesse/) As has been documented by such authorities on U.S. military spending as Winslow T. Wheeler, Robert Higgs, and others, America spends each year around $1.5 trillion for its military but hides at least around $800 billion of it (so as for the U.S. not to be publicly recognized as spending […]
High interest rates have created strong headwinds for the global energy transition, according to a new report by Wood Mackenzie.
Compared to the Japanese yen, the dollar has strengthened by almost 16% this year. Japan and South Korea aren’t happy about the currency gap.
WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated
Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last monthThe prospects of a summer cut in UK interest rates have receded after the Bank of England’s chief economist said inflation must be squeezed out of the economy and cautioned against cutting too soon.After a key survey signalled strong sales across the private sector over the past month and the London stock market rose to a record high, Huw Pill said concerns remained that inflation, which is...
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.
The House of Representatives passed legislation over the weekend that would broaden sanctions against Iran's oil exports
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...
For many around the world, retirement can be a mixed bag. Australian retirees rate their retirement happiness at 70 out of 100, according to a survey of 1,000 Australians over 60 in February by the independent researcher YouGov and investment management company Challenger Limited. Money was ranked behind good physical health as the key to […]
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
Weinstein found guilty in 2020 of raping and assaulting two women, and is serving 23 years at a prison in upstate New York