The Federal Reserve raised interest rates by 75 basis points at the June Federal Open Market Committee (FOMC) policy meeting as the central bank tries to stop inflation from spiraling out of control. Deutsche Bank analysts are already anticipating the rate-setting Committee to pull the trigger on a three-quarter-point increase at next month’s meeting, which…
What High Interest Rates Mean for American Borrowers, Savers, Homebuyers
June 15, 2022
admin
borrowersBusiness & Marketseconomic policieseconomyFederal Reserveinflationinterest ratesInvestmentUS
0 Comment
Higher Interest Rates May Add to National Debt Crisis
June 15, 2022
admin
budget deficitBusiness & Marketseconomic policieseconomyinflationinterest ratesMarketsPolicies & ImpactsstocksUS
0 Comment
Will higher interest rates add to the U.S. government’s fiscal troubles? With the U.S. annual inflation rate at a four-decade high of 8.6 percent, the Federal Reserve is accelerating its monetary policy tightening by aggressively raising interest rates. The Federal Open Market Committee (FOMC) pulled the trigger on a 75-basis-point rate hike Wednesday and the…
Fed Raises Interest Rates by Three-Quarters, the Largest Increase in 28 Years
The Federal Reserve raised the benchmark interest rate by 75 basis points Wednesday, the largest rate hike since November 1994, as part of efforts to tame soaring inflation. Federal Open Market Committee (FOMC) officials agreed to increase the Fed funds target range to 1.5 percent and 1.75 percent. This is the rate that banks charge…
Fed Poised for Biggest Rate Hike in 28 Years Amid Soaring Inflation, Market Angst
Investors have sharply raised their expectations that the Federal Reserve will on Wednesday deliver the biggest single interest rate hike in 28 years amid red-hot inflation and a turbulent selloff across world markets. Just last week, markets gave an 8.2 percent probability that the Fed would raise the benchmark federal funds rate by three-quarters of…
Nearly 1 in 4 Homeowners Would Have to Sell Home If Interest Rates Rise More: Survey
Nearly one in four homeowners say they will have to sell their home if interest rates go up further, according to a new debt survey from Manulife Bank of Canada. The survey, conducted between April 14 and April 20, also found that 18 percent of homeowners polled are already at a stage where they can’t…
Ray Dalio Says Stagflation Pain Will Force Central Banks Into a U-Turn on Rate Hikes: Report
June 8, 2022
admin
Business & Marketseconomyinflationinterest ratesInternationalInvestmentMarketsRay DaliostagflationUSUS NewsWorld
0 Comment
Renowned investor Ray Dalio told an Australian newspaper in a recent interview that he thinks central banks across the world will be forced to reverse their current paths of monetary tightening and cut rates in 2024 after their economies suffer from stagflation. Dalio, the billionaire founder of Bridgewater Associates LP, told the Australian Financial Review…
Industry Warns Australian Government Against Wage Increase After Aggressive Cash Rate Hike
June 7, 2022
admin
Angus TaylorAustraliaAustralian Cash rateBusiness & Marketseconomyinflationinterest ratesJim ChalmersReserve Bank of AustraliaWorld
0 Comment
Australia’s peak industry group said the country was at risk of a “death spiral” of wages, inflation, and interest rates. “We are unfortunately in a period where we are going to see increasing interest rates if we continue to see calls for wage increases that are not sustainable,” Australian Industry Group CEO Innes Willox told…
Senators Blast ‘Biden’s Inflation Bomb’, Say Excessive Fiscal Spending Is ‘Driving the Economy Into the Ground’
June 1, 2022
admin
bidenDemocratseconomic policieseconomyExecutive Branchinflationinterest ratesPolicies & ImpactsRepublicans
0 Comment
Increased federal spending under President Joe Biden has created a dangerous environment that resulted in growth that can’t support the cost of the national debt, say analysts and lawmakers. The result has left some experts and conservative politicians to question whether the stimulus measures taken under Biden and the Democrats can be justified as the…
Bank of Canada Expected to Jack up Interest Rates as Inflation Persists
Experts predict the Bank of Canada will likely announce another major interest rate boost Wednesday as it tries to rein in runaway inflation. After keeping its key interest rate near zero since March 2020, the central bank unveiled a pair of rate hikes in March and April — the second was by half a percentage…
Key Inflation Gauge Drops, Sparking Hopes of Price Pressures Cooling
Price growth slowed its pace in April, with a key inflation gauge falling to a level well below analysts’ forecasts and fueling hopes that price pressures may be starting to dissipate. The Commerce Department reported on May 27 that the headline Personal Consumption Expenditures (PCE) price index, which is the inflation measure most closely watched by…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`