South Korea lowers interest rates over Trump fears

Rare back-to-back cut reflects concern over impact of incoming US president’s policies

Business - Financial Times - 3 hours ago

Trump has promised lower interest rates. That will be largely out of his control.

While Trump has sought to pressure the Fed to cut rates, consumer rates on mortgages and other loans are determined by a range of factors largely outside of the president’s control.

Politics - NBC News - November 11

South Korea's central bank cuts key interest rate to nurse a slower economy

South Korea’s central bank has lowered its key policy rate and says the country’s economy will grow at a slower pace than it initially anticipated

World - ABC News - 3 hours ago

US central bank lowers interest rates by quarter point as new Trump term looms

Rates are now at 4.5% to 4.75%, after two reductions by the Federal Reserve starting in September. The US Federal Reserve lowered interest rates by a quarter point on Thursday, knocking them ...

World - The Guardian - November 7

Economy gets boost after election on hopes of lower interest rates and pro-business Trump presidency, survey finds

The economy sped up in November and kept the U.S. on track for another strong quarter of growth, fueled by optimism about falling interest rates and the prospect of a pro-business Trump ...

Business - MarketWatch - 5 days ago

Lower Interest Rates and Less Regulation Could Spur M&A Revival Under Trump

Moves by the Fed and a broad push for deregulation could create a climate for a merger boom.

Business - Inc. - 19 hours ago

Interest spikes in the feminist fringe '4B' movement after Trump's win

The election of President-Elect Donald Trump has triggered a surge of social media posts and internet search interest in South Korea’s fringe feminist “4B movement."

The Federal Reserve lowers interest rates by 0.25 percentage points

The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.

Powell says Fed in no ‘hurry’ to lower interest rates further

Central bank chair warns path to a reduction in inflation will be ‘bumpy’

Business - Financial Times - November 14

Trump and Fed Chair Powell could be set on a collision course over interest rates

Though Powell became Fed chair in 2018, after Trump nominated him for the position, the two clashed often about the direction of interest rates.

Business - CNBC - 6 days ago

Stocks end lower after Powell throws cold water on hopes for December interest-rate cut

The Federal Reserve doesn’t need to rush to lower its benchmark interest rate, Fed Chair Jerome Powell said Thursday.

Business - MarketWatch - November 14

South Korea divided over arming Ukraine after North Korean deployment

Seoul views Pyongyang’s troops in Russia and possible technology transfers as direct security risk

World - Financial Times - November 1

American live-streamer indicted in South Korea over offensive antics

An American live-streamer known for his offensive stunts abroad has been indicted by South Korean authorities for causing a “commotion” at a convenience store, prosecutors said Wednesday.

South Korea's Upbit Faces Investigation Over KYC Violations

World - Yahoo News - November 15

Morgan Stanley CEO says the era of zero interest rates and inflation 'is over'

Several of Wall Street's chief executives don't see more than one more interest rate cut by the Fed this year, citing expectations of continued inflation.

Business - CNBC - October 29

Morgan Stanley CEO says the era of zero interest rates and inflation 'is over'

RIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel of finance CEOs in Riyadh.

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely. . UK government borrowing costs have risen to their highest level ...

World - The Guardian - October 31

South Korea inflation weakest in almost 4 years, sets stage for more rate cuts

World - Yahoo News - November 4

South Korea unexpectedly reduces benchmark lending rates in first back-to-back cuts since 2009

This surprised economists polled by Reuters, which expected the BOK to hold rates.

Business - CNBC - 5 hours ago

Trump’s Tariff Plan Prompts European Fears on Growth Rates

Leaders at the European Central Bank worry that trade barriers will curb EU economic progress more than they will push up Euro zone inflation.

Business - Inc. - November 18

Fed cuts interest rates days after election

The Fed cut interest rates by a quarter of a percentage point.

Wall Street reacts to Trump win as Fed weighs interest rate cut

President-elect Trump’s victory spurred a surge on Wall Street with the Dow Jones, S&P and Nasdaq reaching record highs. It comes as the Federal Reserve is weighing another interest rate cut with a ...

US central bank boss says Trump can't fire him

The US central bank cuts interest rates, as its chairman vows to stay on the job.

North Korea Blasts Unbearable Sounds To South Korea

Relations between the neighbors have sunk to the lowest level in years. Now, Pyongyang is blaring eerie sounds across the border that villagers say is making their lives hell.

World - The New York Times - November 17

Are K-pop stars workers? South Korea says no

In a dispute involving band NewJeans, the government said celebrities were not entitled to the same rights as workers.

Homebuyer demand for mortgages jumps 12% after first interest rate drop in over 2 months

While the drop in rates wasn't exactly huge, there was a fair amount of pent-up demand among homebuyers.

Business - CNBC - 20 hours ago

Homebuyer demand for mortgages jumps 12% after first interest rate drop in over 2 months

While the drop in rates wasn't exactly huge, there was a fair amount of pent-up demand among homebuyers.

Business - CNBC - 20 hours ago

Fed chair says Trump can't remove him. Could Trump still influence interest rates?

The standoff carries high stakes for the U.S. economy, experts said.

Will mortgage interest rates fall this November?

Mortgage rates are poised to fluctuate in November, but in what direction? Here's what to know now.

Will HELOC interest rates fall in November?

HELOC interest rates have been falling this fall, but will they continue to do so in November? Here's what to know.

‘Frightening to consider’: fears grow over Trump’s threats to political foes

Critics alarmed by talk of revenge against Democrats and say second Trump term would pose unprecedented danger. US elections 2024 – live updates Donald Trump’s extremist attacks on top ...

World - The Guardian - October 30

Fear triumphs over hope as Trump wins the presidency – how did it happen?

To elect Donald Trump once may be regarded as a misfortune; to elect him twice looks like craziness. US election 2024 – latest updates US election results 2024: live map and tracker Senate ...

World - The Guardian - November 6

Fear in undocumented communities over Trump’s mass deportation threats

Experts say many don’t know what to do now that Trump can carry out vow to run biggest deportation ‘in US history’. US elections – latest updates . Fear is rippling through undocumented ...

World - The Guardian - November 7

Minnesota trans community feels "sense of fear" over Trump re-election

While some are celebrating President-elect Donald Trump's victory, it's causing concern through the transgender community in Minnesota.

Politics - CBS News - November 6

Kinzinger says he has 'no fear' over Trump's victory

Former Republican Rep. Adam Kinzinger (IL) said he has “no fear” about president-elect Trump’s second term in office . “Can I be clear about something? I have absolutely no fear of Trump. Honest to ...

Politics - The Hill - November 9

Fears mount over Trump’s second term amid flurry of shock selections

Dismay as president-elect picks Matt Gaetz as attorney general and Tulsi Gabbard and Pete Hegseth for key roles. Fears that Donald Trump’s second presidency will be more extreme than his first have ...

World - The Guardian - November 14

Latest in South Korea lowers interest rates over Trump fears