Despite Pressure Bank of Japan Keeps Interest Rate Targets Unchanged
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Oil ends at 9-week low after OPEC leaves demand forecast unchanged
Oil futures settled at a nine-week low on Tuesday, as the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged while traders weighed the outlook for interest rates and their potential impact on energy demand.MarketWatch - Business -
Argentina’s central bank lowers interest rates as inflation cools
Financial Times - World - Argentina -
Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.CNBC - Business -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business -
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.CNBC - Business -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
Federal student loan interest rates highest in more than a decade
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 percent, up from 5.5 percent the previous year. Higher education expert Mark Kantrowitz told CNBC the new undergraduate ...The Hill - Politics -
Education Dept. announces highest federal student loan interest rate in more than a decade
The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.CNBC - Business -
Federal student loans this fall will have the highest interest rate in more than a decade
The interest rate on many new federal student loans will reach its highest level in over a decade next year, as lenders seek higher returns.NBC News - Top stories -
Japan's Sony reports surge in profit on strong sales of movies, games and music
Sony has reported that its profit surged 34% in the last quarter from a year earlier on strong sales of its video games, music and moviesABC News - Entertainment -
What Japan’s most profitable policy experiment can teach us
Shinzo Abe’s reform to the Government Pension Investment Fund holds lessons for ageing societies everywhereFinancial Times - World - Japan -
Can banks really fix the climate crisis?
New research suggests that their green commitments are not paying off yetFinancial Times - Business - Climate -
Nikkei Up 1.0%, Led by Electronics, Bank Stocks
Japanese stocks were higher, led by gains in electronics and bank stocks, amid continued hopes for Fed rate cuts later this year.The Wall Street Journal - World -
Netanyahu and Sinwar have common interests in prolonging the war
In a calamitous confluence of circumstance, Sinwar and Netanyahu now have intersecting interests. They are each other’s best friend and foil.The Hill - Politics -
Baseball Catchers Keep Getting Whacked By Hitters. It's No Accident.
In a bid to convince umpires that low pitches are actually strikes, catchers have been inching nearer to the batter. They’re now setting up so close that they frequently wind up getting clobbered.The Wall Street Journal - World