Fed shouldn’t cut interest rates to boost U.S. financial stability, IMF says
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Summer interest rate cut possible, says Bank deputy
Ben Broadbent's comments come ahead of data which is expected to show a fall in inflation.BBC News - Top stories -
Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
ECB's Schnabel Says Second Rate Cut in July 'Does Not Seem Warranted'
The European Central Bank should move cautiously after delivering a first rate cut in June, a member of its executive board said in an interview.The Wall Street Journal - World -
BoE could be close to cutting rates as inflation eases says deputy governor
Ben Broadbent believes direct effects of pandemic and war in Ukraine have now ‘faded’Financial Times - Business -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
BoE needs more evidence of price pressures easing before cutting rates, says policymaker
Megan Greene believes ‘burden of proof’ must lie in inflation waning before Bank of England loosens stanceFinancial Times - Business -
The Properties High Interest Rates Can't Touch
Competition to buy the world’s most exclusive stores is intense despite modest rent growth.The Wall Street Journal - World -
Auto incentives are back — but high interest rates weaken deals for buyers
Incentives are coming back to the auto market, but interest rates remain high, corroding the benefits for buyers. Here are three things shoppers can do.CNBC - Business -
How to immunize your bond ETF if interest rates turn higher
Tips to hedge a portfolio against interest rate fluctuations.MarketWatch - Business -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - World -
Grab Sees Generative AI Boosting Cost-Cutting Drive
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.The Wall Street Journal - Business -
ECB’s Schnabel lobbies against back-to-back rate cuts
European Central Bank board member Isabel Schnabel pushed back on the idea of back-to-back interest rate cuts, saying inflation risks are still tilted to the upside.MarketWatch - Business -
Grant's Take: Retail Sales Don't Point to Rate Cut Just Yet
Walmart earnings give a different signal than what the latest Commerce Department data delivered.The Wall Street Journal - World -
Mortgage rates drop as markets bet on Bank of England cut
Fresh wave of competition among lenders could provide relief for homebuyers ahead of UK general electionFinancial Times - Business - Mortgage -
China to cut mortgage rates as part of plan to prop up property market
Local authorities will be allowed to turn unsold homes from developers into affordable housing. China will cut mortgage rates and allow local authorities to turn unsold homes from developers into affordable housing, in a series of drastic measures ...The Guardian - World - China -
Dollar rally falters as falling inflation raises hopes of rate cuts
US currency on track for first negative month of the year after end to months of above-forecast CPI dataFinancial Times - Business -
Oil Falls on Concerns of Higher-for-Longer U.S. Rates
Oil prices declined as some Fed officials remain cautious on the recent easing of inflation, prompting concerns that U.S. interest rates could stay high for longer.The Wall Street Journal - World -
I earn $120,000 a year and have $165,000 in savings. How do I invest in this high-interest-rate environment?
“My husband and I would like to provide our new baby with the best life we can.”MarketWatch - Business -
Star Entertainment Gets Bid Interest, Says No Substantive Talks So Far
The Australian casino operator said it has received approaches about potential deals, including one from a consortium that includes a local partner of Hard Rock Hotels and Casinos.The Wall Street Journal - World -
Fed likely to keep a $6.8 trillion balance sheet by December, says Barclays
Another lasting facet of the pandemic looks to be a very large Federal Reserve balance sheet.MarketWatch - Business - Federal Reserve -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
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Reroute funding to boost local NHS services, says opinion poll
Public priorities at odds with government spending programme for community healthcare, data showFinancial Times - World -
House Democrat says cutting federal funds for Harvard 'needs to be on the table'
Rep. Jake Auchincloss (D-Mass.) on Sunday said cutting federal funds for Harvard University and other schools should be an option "on the table" over their handling of campus antisemitism. Auchincloss, who is an alum of Harvard, visited the Ivy ...The Hill - Politics -
Fed’s Mester says her businesses contacts are sensing the economy is stronger than anticipated
Business contacts in the Midwest are starting to become much more upbeat about where the economy is going, Cleveland Federal Reserve Bank President Loretta Mester said on Thursday.MarketWatch - Business -
Fed’s Barkin says consumers are driving inflation. Here’s what they’re willing to pay more for.
The service sector “has changed their view” and believes consumers will accept higher prices and are going to raise them until households balk.MarketWatch - Business -
Cash Crunch May Force Sale of Stability AI
As tech giants start to dominate the artificial intelligence market, smaller players feel the squeeze.Inc. - Business -
Yonhap news agency says Seoul court has ruled in favor of the government’s plan to boost medical school admissions
Yonhap news agency says Seoul court has ruled in favor of the government’s plan to boost medical school admissionsABC News - Health -
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
Social Security's 'biggest myth' leads people to claim early, expert says. Even a slight delay can boost retirement income
Fears about Social Security's future shouldn't be the primary reason for claiming retirement benefits at 62, experts say.CNBC - Business -
Russia Says U.S. Ignores Its Proposals for Prisoner Swap
The State Department says efforts to secure the release of Americans held by Russia are ongoing.The Wall Street Journal - World - Russia -
UK stocks are outperforming the U.S. and one CIO says they look 'very cheap'
The U.K. FTSE 100 is up around 11% over the last three months, while the broader FTSE 250 index is more than 9% higher.CNBC - Business - United Kingdom -
Iran Moves to Project Stability After President Raisi Dies in Helicopter Crash
The ayatollah announced five days of mourning for the president and foreign minister who died when their helicopter plunged into a mountainous region. Some Iranians celebrated the deaths.The New York Times - World - Iran -
The Fed's Miracle Is Finally Back on the Table
Inflation is lower after months of hot readings, and investors love it.Inc. - Business -
‘Shouldn’t we be proud?’: new Stalin statues symbolise Georgia’s battle to control the past as well as the present
Trend is being linked to Kremlin-inspired ‘foreign influence’ bill that has led to huge street protests. . Vasil Berdzenishvili, 47, was happy to take a moment out from washing his car to talk about Joseph Stalin. He looked across at the bronze ...The Guardian - World -
Financial Services Roundup: Market Talk
Read about SPDR Gold, Robinhood Markets, Canadian household borrowing, and more in the latest Market Talks covering Financial Services.The Wall Street Journal - World -
Financial Services Roundup: Market Talk
Gain insight on new mortgage analysis, single-family homes for sale in the U.S. , Keywords Studios, and more in the latest Market Talks covering Financial Services.The Wall Street Journal - World -
Workers feel the burden of financial insecurity
Initiatives beyond pay can help tackle debilitating effects of money worriesFinancial Times - World -
Russian state media say jailed U.S. soldier has entered a guilty plea
Russian media say U.S. Army Staff Sgt. Gordon Black, who has been jailed for two weeks, is cooperating with authorities and has pleaded guilty to theft.CBS News - Politics - Russia