Central Bankers Pledge to Stay the Course on High Interest Rates
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The Fed Stays the Course on Rates
Markets are cheering the central bank’s forecast for three interest rate cuts this year. But Fed policymakers are divided on the issue.The New York Times - Business - Federal Reserve -
Bankers jailed for interest rate rigging lose appeal
Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.BBC News - Top stories -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
4 times you should buy a home with interest rates high
Even with mortgage interest rates high, there are some times when it may make sense to buy. Here are four of them.CBS News - Top stories -
‘Lagging’ housing market, high interest rates drag on MillerKnoll’s sales
The furniture maker said that a “lagging” housing market, rising interest rates, and other headwinds contributed to lower sales.MarketWatch - Business -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Mortgage demand stalls, even as interest rates moderate
The usually busy spring housing market is underway, but mortgage demand isn't moving.CNBC - Business - Mortgage -
How do interest rates affect me?
Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people.BBC News - Top stories -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - World -
Flaco, Central Park Owl, Died With High Levels of Rat Poison in System
A necropsy conducted by the Bronx Zoo found that life-threatening levels of rat poison and a severe pigeon virus contributed to Flaco’s death last month.The New York Times - Top stories -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Cook says Fed has to move carefully before cutting interest rates
Federal Reserve Gov. Lisa Cook on Monday said the central bank needs to take a “careful approach” in deciding when to cut interest rates, but she gave few clues on the timing or size of any reductions.MarketWatch - Business - Federal Reserve -
Fed’s Waller says there’s ‘no rush’ to cut U.S. interest rates
Federal Reserve Gov. Chris Waller said high inflation readings and strong job gains in early 2024 reinforce his view that “there is no rush” to cut U.S. interest rates.MarketWatch - Business -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
Global inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects youFinancial Times - World -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Lawmakers with Poland’s ruling pro-European Union coalition have launched a rare process to bring the central bank chief before a special court on allegations of acting against the country’s financial interestsABC News - World -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Yahoo News - World -
3 times to buy a home with rates high (and 3 times not to)
It can be tough to decide whether it makes sense to buy a home when mortgage rates are high. Here's what to know.CBS News - Top stories -
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashedABC News - World - United Kingdom -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Lowe’s credit card now has a 31.99% interest rate. Customers call it ‘loan sharking.’
“These interest charges could be astronomical on a big purchase,” says one credit-card expert.MarketWatch - Business -
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.The Wall Street Journal - World - New York -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
Please Stay, Baby. Please?
The grief of miscarriage is largely invisible. And with each loss, the longing multiplies.The New York Times - Lifestyle -
Byron dominates road course to win at Austin
William Bryon started on pole and delivered a dominant drive Sunday to win NASCAR's first road course race of the season at the Circuit of the Americas.ESPN - Sports -
NASCAR Crash Course: William Byron becoming the Cup Series' new king of road-course racing
The Hendrick Motorsports driver has won two of the last three road course racesCBS Sports - Sports - NASCAR -
Chick-fil-A announces shift from 'no antibiotics' in chicken pledge
Chick-fil-A says it will no longer adhere to its pledge of serving antibiotic-free chicken.NBC News - Top stories -
Asos, Boohoo and George pledge clearer green claims
Asos, Boohoo and George at Asda will make changes after intervention from the competition authority.BBC News - Top stories -
The Lone Volcano in California’s Central Valley
Often called “the world’s smallest mountain range,” the Sutter Buttes are an unlikely and beloved landmark in one of the flattest parts of the state.The New York Times - Top stories - California -
Liverpool expect Alonso to stay at Leverkusen
Liverpool expect Xabi Alonso to stay at Bayer Leverkusen this summer and are set to look at other candidates to replace manager Jurgen Klopp.BBC News - Top stories -
Garçons! Paris’s waiters battle it out in revived Course des Cafés
Waiters carried in one hand a tray holding a coffee, croissant and glass of water during the 2km race. Ever complained about the slow service in a Paris cafe or restaurant? Your server may be able to get to your table quicker than they are letting ...The Guardian - World -
NBC News in revolt over Ronna McDaniel hiring. Will the network reverse course?
NBC hosts continue to take aim at their own company's decision to bring the former Republican National Committee chair on as a contributor.Los Angeles Times - Entertainment -
Bitter rivals BC, BU could be on a Frozen Four collision course
Crosstown foes for more than 100 years, the Eagles and Terriers enter the NCAA tournament as the top two teams in the country.ESPN - Sports -
Out of the shadows: Even as a champion, Tszyu trying to set his own course
Kosta Tszyu is a legendary boxer but his son might be the best in the family. And he's on a quest to prove it.ESPN - Sports -
Triple lock for pensions to stay if Tories win election
Chancellor Jeremy Hunt says he will pay for the "expensive" pledge through economic growth.BBC News - Top stories -
Tractors brought to Parliament in farmers' protest
Farmers from across the UK drive tractors to Westminster to protest a lack of support for food producers.BBC News - Top stories -
Vacation Rentals: How to Make Your Stay Sustainable
Tips on finding a sustainable short-term rental, what you can do to conserve energy and getting involved in the community.The New York Times - Business