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The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
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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 -
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 -
The Fed's Powell affirmed the central bank's wait-and-see stance on interest rates, which remain at their highest level in more than 20 years.
The Fed’s Powell affirmed the central bank’s wait-and-see stance on interest rates, which remain at their highest level in more than 20 years.The Wall Street Journal - World -
U.K. Jobs Market Eases in Boost for June Rate-Cut Hopes
Unemployment ticked higher in the three months to March, continuing a trend of rising joblessness, while the average regular pay grew at the same rate as in the previous period.The Wall Street Journal - World - United Kingdom -
China's Central Bank Holds Key Policy Rates Steady
The People’s Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.The Wall Street Journal - World - China -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
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
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