Canadian investors and borrowers are on the edge of their seats as they
All eyes will once again turn to the Federal Reserve this week as they meet to discuss the next steps with interest rates and economic policy. Specifically, will they raise rates above their current 23-year high? Or will they keep them steady following a series of disappointing inflation reports at the start of 2024? After all, rate cuts that seemed promising at the beginning of the year now seem off the table, possibly for the rest of the year. And while the Fed doesn't directly dictate rates...
Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has “greater confidence” that price increases at the consumer level are slowing to its […]
WASHINGTON (NEXSTAR)– For now, consumers can't bank on lower borrowing
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Nowadays, it’s anyone’s guess when the Federal Reserve will begin to cut interest rates this year — if at all. Fed officials are meeting this week, starting Tuesday, to discuss rates and set policy. They’re widely expected to hold rates steady for the sixth straight meeting. But analysts...
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Expect to pay more for mortgages and credit card interest through at least the end of 2024.
West Ecclesfield has three Liberal Democrat councillors at the moment, and one of them, Cllr Ann Whitaker, is standing for re-election in 2024. On paper, this should be a fairly easy race to win – there is no sign of discontent with the LibDem councillors in the area. The Local Democracy Reporting Service (LDRS) didn’t include this ward as a battleground. But then, who knows? Cllr Whitaker told the LDRS: “I have lived locally in the High Green area for the past 38 years, and I am a former family...
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The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept […]
Fed Chair Powell’s 2:30 p.m. ET news conference will be livestreamed within this story. This story will also be updated with today’s F.O.M.C. decision on their key interest rate.
The Federal Reserve emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.