Bank of Japan Raises Interest Rates to Highest Level Since 2008

Bank of Japan raises rates to highest level in 17 years

Central bank signals more increases to come if wage and price growth hit forecasts

Financial Times - 5h

Japan hikes rates to highest since 2008 as sustained inflation, rising wages signal 'virtuous cycle' in play

The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.

CNBC - 9h

Store closures hit highest level since pandemic — see who is shutting down the most locations

The trend reflects the divide between retailers gaining market share, such as Walmart, and those that have lost ground or filed for bankruptcy, like Big Lots.

CNBC - 18h

Trump says he will 'demand' lower interest rates

Trump made a virtual address to the World Economic Forum in Davos, Switzerland.

ABC News - 20h

EA’s stock posts biggest daily percentage drop since 2008, as analysts parse key franchise’s troubles

While some analysts downgraded Electronic Arts shares, others found reasons to stay optimistic.

MarketWatch - 16h

Store closures hit highest level since pandemic — see who is shutting down the most locations

Store closures in the U.S. last year hit the highest level since the pandemic — and even more locations are expected to shutter this year, as shoppers’ dollars increasingly go to a few industry ...

NBC News - 17h

Turkey's central bank lowers benchmark interest rate to 45%

Turkey’s central bank has lowered its key interest rate by 2.5 percentage points to 45%

ABC News - 1d

Japan’s biggest banks hit valuation landmark as BoJ weighs rate rise

Largest lenders now trade at or close to their book values for first time in almost a decade

Financial Times - 1d

Bank of Japan is expected to hike rates this week, CNBC survey shows

Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.

CNBC - 2d

Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?

The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.

MarketWatch - 4d

BoJ looks to raise rates in shadow of Trump inauguration

Increase would further entrench officials’ move to normalise monetary policy

Financial Times - 4d

When will HELOC interest rates drop again?

HELOC interest rates recently fell to an 18-month low. Here's when they could decline again.

CBS News - 6d

Treasury yields end at lowest levels in weeks on rate-cut possibilities

Yields on U.S. government bonds ended at their lowest levels in weeks on Thursday after one key policymaker spoke about the possibility of multiple 2025 interest-rate cuts by the Federal Reserve.

MarketWatch - Jan. 16

Mortgages, credit cards, auto loans: Expert predictions for interest rates in 2025

The Federal Reserve is expected to cut rates further in 2025, paving the way for slightly lower borrowing costs for consumers.

CNBC - Jan. 16

Luxury goods groups drive European stocks to highest level in a month

LVMH and Hermès push up Cac 40 after Richemont’s better than expected sales

Financial Times - Jan. 16

Surprise fall in inflation boosts interest rate cut hopes

Inflation falls for the first time in three months, sparking expectations rates may be cut to 4.5% in February.

BBC News - Jan. 15

Stocks fall back to pre-Election Day levels amid renewed inflation and interest-rate concerns

The post-Election Day rally in stock prices is fading amid forecasts that the Federal Reserve will not lower interest rates as much as expected.

NBC News - Jan. 13

What's the CD interest rate forecast for 2025?

Planning to open a CD account? It may help to know where experts say CD rates could head this year.

CBS News - Jan. 13

FirstFT: Dollar hits 2-year high as interest rate assumptions change

Also in today’s newsletter, China’s trade surplus reached a new record and the reinvention of El Salvador

Financial Times - Jan. 13

This is what it could take for the Fed to hike interest rates

Some economists are now contemplating what was previously unthinkable — and they are focused on the personal-consumption expenditures price index

MarketWatch - Jan. 11

10-year Treasury yield spikes to highest level since late 2023 after hotter-than-expected jobs report

U.S. Treasury yields jumped after December's jobs report was stronger than expected.

CNBC - Jan. 10

Fed Governor Bowman says December interest rate cut should be the last

Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but doesn’t see the need to go any further.

NBC News - Jan. 9

What's a good home equity loan interest rate in 2025?

With the interest rate climate changing again, it helps borrowers to know what a good home equity loan rate is now.

CBS News - Jan. 9

Fed Governor Bowman says December interest rate cut should be the last

Bowman said Thursday she supported the recent interest rate cuts but doesn't see the need to go any further.

CNBC - Jan. 9

30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July

Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.

The New York Times - Jan. 9

UBS’s stock hit its highest level in 16 years. The good news is the bank is about to get fined hundreds of millions of dollars.

UBS stock reached a new 16-year high after the Wall Street Journal said the bank is about to get fined hundreds of millions of dollars.

MarketWatch - Jan. 9

What's a good CD interest rate in 2025?

CD rates have dropped, but they're still relatively high as 2025 begins. Here's what's considered a good rate now.

CBS News - Jan. 8

UK 10-year borrowing costs hit highest level since 2008

Treasury seeks to reassure markets as gilt sell-off threatens the government’s ability to meet its fiscal rules

Financial Times - Jan. 8

What factors drive mortgage loan interest rates?

The Fed rate decisions aren't the only factor that plays a role in where mortgage rates head next.

CBS News - Jan. 8

Trump ‘considering national economic emergency declaration’ to allow new tariffs; UK 10-year borrowing costs highest since 2008 – business live

Bond selloff drives yield on 10-year UK bonds to highest since 2008 financial crisis. Rise in UK borrowing costs could push Reeves to new public spending cuts Two UK investment trusts have ...

The Guardian - Jan. 8

Bank of Japan Raises Interest Rates to Highest Level Since 2008

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