Fed Governor Lael Brainard Sees High Rates Ahead Even with Progress on Inflation
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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 -
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 -
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 -
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 -
Fed’s Goolsbee expects three rate cuts this year
Chicago Fed President Austan Goolsbee said Monday he now expects three quarter-point interest rate cuts this year.MarketWatch - Business -
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 -
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 -
Comex Gold Settles 0.04% Higher at $2175.60
Front month Comex gold for March delivery gained 0.04% to settle at $2175.60 per troy ounce.The Wall Street Journal - World -
Treasury yields end at 2-week lows ahead of Friday’s inflation data
Yields on U.S. government debt finished slightly lower on Wednesday, with traders wary of taking bold positions ahead of Friday’s PCE inflation data.MarketWatch - Business -
2-year Treasury yield leads slight advance in rates after U.S. GDP data
U.S. bond yields edged slightly higher Thursday morning after data showed the economy grew by more than estimated in the final three months of last year and that the labor market still continues to hold up.MarketWatch - Business -
Metal Prices Mixed, Gold Gains Ahead of U.S. Inflation Data
Base metals were mixed with gold making small gains as the market remained nervous ahead of key U.S. inflation data.The Wall Street Journal - World -
Labour donor Dale Vince ordered to inform wife of future party funding
Ecotricity founder was told by High Court to provide notice of donations in divorce proceedingsFinancial Times - Business -
Angela Rayner refuses to publish tax records as police probe house sale
Opposition party’s deputy leader issues challenge to Tories: ‘You show me yours, I’ll show you mine’Financial Times - Business -
A Lloyd’s of London revival will require more nimble regulation
There is still a fragility to the recent success of the world’s oldest insurance marketFinancial Times - 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 -
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 -
Why a Fed rate cut in June is not yet a done deal
An interest-rate cut at the Federal Reserve’s June meeting, though now widely expected, should not be viewed as decision that has already been made, Fed watchers say.MarketWatch - Business - Federal Reserve -
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 -
Comex Gold Settles 0.62% Higher at $2190.60, Record High
Gold prices climbed to a new record high.The Wall Street Journal - World -
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 -
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 -
Dollar Loses Some Strength After Fresh U.S. Data
The dollar was mixed after fresh U.S. economic data, losing some of the strength it showed overnight after Fed Governor Waller said late yesterday there is no rush to cut interest rates.The Wall Street Journal - World -
Reddit stock charges higher, even as it picks up a neutral rating
Reddit’s stock is continuing its sharp ascent in Tuesday trading, even as an analyst took a sidelined stance on the social-media name.MarketWatch - Business -
Buy energy stocks as Fed becomes less aggressive in fighting inflation, says Morgan Stanley
Morgan Stanley upgraded its view on energy stocks, arguing they have lagged the price of crude oil this year with compelling valuations.MarketWatch - Business - Federal Reserve -
The WSJ Dollar Index Rises 0.1% to 98.95
The WSJ Dollar Index was up 0.1% to 98.95 — up nine of the past 12 trading days.The Wall Street Journal - World -
Stocks surge after Fed indicates three rate cuts still coming this year
The S&P topped 5,200 for the first time Wednesday after the Federal Reserve said it was still targeting three rate cuts in 2024. Markets had feared hotter-than-expected inflation and jobs data would persuade the Fed to trim its timeline.CNN - Top stories - Federal Reserve -
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 -
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 -
Micron’s stock heads for best month in 13 years as bulls see more AI gains ahead
Micron has cemented itself in Wall Street’s eyes as a financial beneficiary of artificial intelligence, and investors are excited about what’s to come.MarketWatch - Business -
The gray areas of women’s health are pathways to progress
We can live in a state of gray where all parties can work together again to advance the health and well-being of every American.The Hill - Politics -
NFL OK of Brady's Raiders bid 'making progress'
The NFL has yet to approve Tom Brady's bid for Raiders minority ownership, but commissioner Roger Goodell is not concerned.ESPN - Sports - NFL -
Lawsuit's Progress Against Coinbase Is a Big Win for the SEC
A judge dismisses one charge, but says the cryptocurrency exchange will still face the agency's allegations it is operating as an illegul currency exchange.Inc. - Business -
Six presumed dead after ship collides with Baltimore bridge
US Coast Guard says six people are presumed dead and search and rescue efforts have been called off.BBC News - Top stories -
Washington governor signs 'strippers' bill of rights' into law
Washington Gov. Jay Inslee (D) signed the so-called strippers' bill of rights into law Tuesday, the most comprehensive legal protections for the adult entertainment industry in the nation. Proponents described the measure as critical for providing ...The Hill - Politics -
Maryland governor calls for 'full accountability' in bridge collapse
Maryland Governor Wes Moore (D) on Wednesday called for “full accountability” following the collapse of the Francis Key Scott Bridge in Baltimore that left six people presumed dead. Moore said on CNN there "needs to be a full and thorough ...The Hill - Politics -
UnitedHealth says it has made progress on recovering from a massive cyberattack
UnitedHealth Group is testing software for submitting medical claims as it continues to recover from a cyberattack that disrupted care billing systemsABC News - Health -
Progress Software Revenue Beats Estimates, Outlook Falls Short
The global software company also confirmed it made an offer to acquire MariaDB for 60 cents a share, joining K1 Investment Management in those looking to scoop up the database server.The Wall Street Journal - World -
Progress Software Revenue Beats Estimates, Outlook Falls Short
The global software company made an offer for all issued and to be issued share capital of MariaDB at 60 cents a share.The Wall Street Journal - Business -
Biden's progressive voter strategy must include a Gaza cease-fire
Visceral opposition to the U.S. government’s support of the war in Gaza risks turning young progressives into single-issue voters.The Hill - Politics - Joe Biden