European Central Bank Hikes Rates Despite Market Mayhem Pledges Support If Needed
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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 -
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 -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Rates need to calm down
They’re being too loudFinancial Times - World -
Inflation Requires Caution for Brazil's Central Bank
Brazil’s central bank may have room to keep easing monetary policy gradually, but “core-services inflation underlying dynamics merit attention,” Goldman Sachs’ Alberto Ramos says.The Wall Street Journal - World - Inflation -
'We're with you': Biden pledges support for Baltimore after bridge collapse
A cargo ship crashed into Baltimore's Francis Scott Key Bridge early Tuesday morning, leading to a near-total collapse of the span.ABC News - Top stories - Joe Biden -
UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
This is your wallet on Fed rate hikes: 2 years, 4 charts
In four charts, here’s how much money the campaign to rein in inflation may have cost you since it began in March 2022.MarketWatch - Business - Federal Reserve -
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve -
Extremism endangers Germany's prosperity, warns central bank chief
Yahoo News - World -
Polish central bank chief seeks truce with Tusk over ‘idiotic’ accusations
Adam Glapiński insists he did not abuse his powers in bid to keep Law and Justice party in powerFinancial Times - World -
Chinese-made EVs set to take 25% of European market this year
EU car manufacturers warn that a wave of cheaper models from China will undercut those produced by local companiesFinancial Times - World -
Central and Eastern European countries mark 20 years in NATO with focus on war in Ukraine
Yahoo News - World - Ukraine -
Ukraine prepare to make some noise at Euro 2024 in fight for freedom
The further the team go at the tournament, the louder they can shout about their country’s plight – a fact they are well aware of. After everything, after the celebrations on the pitch and the celebrations in the stands and the Icelandic-style ...The Guardian - World - Ukraine -
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 -
Commercial real estate is itching for a rebound two years after start of Fed rate hikes
Demand for office leases is picking up, but interest rates are still a wild card.MarketWatch - Business - Federal Reserve -
Long-Term JGBs Edge Lower Amid Worries Over BOJ Rate-Hike Pace
Long-term JGBs edged lower in the Tokyo session, weighed by concerns over the BOJ’s rate-hike pace after last week’s policy normalization.The Wall Street Journal - World -
Canada's Poor Productivity Has Reached Emergency Status, Senior Central Bank Official Says
Bank of Canada’s senior deputy governor, Carolyn Rogers, warns that a turnaround is urgently needed to protect the economy from future bouts of inflation.The Wall Street Journal - 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 -
Apple, Google, Meta targeted under new European law meant to prevent cornering of digital markets
European Union regulators have opened investigations into Apple, Google and Meta, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this monthABC News - World -
Eurozone Bond Yields Drift Lower, Liquidity Seen Light Ahead of Easter
Eurozone government bond yields were slightly lower in early trading, with investors awaiting fresh drivers in a week when market liquidity is likely to be light ahead of the Easter holidays.The Wall Street Journal - World -
Housing market frozen as home buyers ‘hold out’ for lower mortgage rates
Mortgage applications dipped 0.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.93%.MarketWatch - Business - Mortgage -
‘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 -
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 -
Republican voters express support for Trump despite legal cases
Many Republican voters in key battleground states are standing behind former President Donald Trump amid his mounting legal troubles. With the "hush money" trial set to start April 15, the presumptive GOP nominee will spend a lot of time in the ...CBS News - Top stories - Donald Trump -
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 -
Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard's chief U.S. economist.CNBC - Business - Federal Reserve -
Why Treasury Yields Are Rising Despite Rate-Cut Expectations
The yield on the government’s 10-year note has climbed since the start of the year, propping up mortgage rates.The Wall Street Journal - World -
Why Knicks still need a healthy Julius Randle to be true title contenders, despite recent hot streak
Randle has been out since late January with a shoulder dislocationCBS Sports - Sports -
Vladimir Putin Wants a Tax Hike
To fund the war in Ukraine, the 13% flat rate would give way to a progressive system.The Wall Street Journal - World -
March Madness: TV ratings slightly up over last year despite Sunday's blowouts
The first three days of the NCAA Tournament attracted record ratings, only to see the momentum stifled due to Sunday’s games being blowoutsABC News - Entertainment -
Newest ECB board member says it can cut rates ‘swiftly’ despite rising wages
Piero Cipollone’s comments indicate he may argue for loosening monetary policy at bank’s April meetingFinancial Times - World -
Old video shows fight outside Turkish embassy in Tokyo, not Kurds 'causing mayhem in Saitama'
Yahoo News - World -
The best hiking backpacks for your next trail adventure
From versatile daypacks to spacious multi-day backpacks, these are the best hiking backpacks you can get in 2024.CBS Sports - Sports -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
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