Consumer Price Index Shows Inflation Cooling Fed to Decide on Interest Rate Hike Next Week
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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 -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
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 -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
US inflation rises to 2.5%, according to Fed’s target index
PCE figures for February were in line with economists’ expectations but remain above central bank’s targetFinancial Times - 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 -
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 -
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 -
GE Vernova, Solventum to join S&P 500 index next week
Newly minted GE Vernova and Solventum Corp., both soon to be officially spun off from two industrial giants, are hitting it big early: They are joining the S&P 500 index next week.MarketWatch - Business -
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 -
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 -
Fed Could Cut Rates In June, Despite Sticky Inflation
Chairman Jerome Powell keeps midyear interest rate cut in play, could support move if rising prices slow down.Inc. - Business - 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 -
Three Fed interest-rate cuts this year? Yes, top banking economists say.
Top economists at big U.S. banks predict the Federal Reserve will cut interest rates three times this year — with the first reduction in June — even though inflation is unlikely to slow much further in 2024.MarketWatch - Business - Federal Reserve -
Inflation risks appear to be rising, threatening to throw Fed’s rate-cut hopes into disarray
The possibility that U.S. inflation won’t trend much lower from here is raising concerns that Federal Reserve policymakers are mistakenly clinging to prospects for three interest-rate cuts this year and may lose their credibility, which could ...MarketWatch - 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 -
The best hiking backpacks for your next trail adventure
From versatile daypacks to spacious multi-day backpacks, these are the best hiking backpacks you can get in 2024.CBS Sports - Sports -
British judges were right to allow Julian Assange’s appeal. The next three weeks will show who cares about justice | Duncan Campbell
It is hypocritical of the US to seek to lock up Assange while boasting about its commitment to press freedom. For Julian Assange, the wait continues. The pause can be counted as a small victory in the long battle to fight his extradition to the ...The Guardian - World -
Inflation ticked higher in February as consumer spending soared
Inflation ticked up in February, according to federal data released Friday. The personal consumption expenditures price index, the Federal Reserve's preferred way to measure inflation, rose 0.3 percent in February. The annual inflation rate rose ...The Hill - Politics -
An interesting disconnect in US rate-cut expectations
Economists and the Fed think similar things on what will happen to the US economy. So why is there a big gap in their expectations for interest rates?Financial Times - World -
Bankers jailed for interest rate rigging lose appeal
Tom Hayes and Carlo Palombo, convicted for manipulating a key interest rate, have had their appeals dismissed.BBC News - Top stories -
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 -
How do interest rates affect me?
Bank of England interest rates have an impact on the mortgage, loan and savings rates for millions of people.BBC News - Top stories -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - World -
A Key Inflation Gauge Hovers Above Fed’s Target
The Fed’s preferred inflation gauge climbed 2.5 percent in the year through February, in line with economists’ expectations.The New York Times - Top stories -
Fed's Favored Inflation Gauge Rose 2.5% in February
The overall personal-consumption expenditures price index rose in line with economists’ expectations for February.The Wall Street Journal - World - 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 -
Comex Gold Settles Higher
Gold prices rose, clawing back some of Friday’s losses, with the front-month Comex contract for March settling up 0.8% at $2174.80.The Wall Street Journal - World -
These housing markets are cooling as nearly a third of home listings cut their asking prices. Home sellers ‘misjudged the market,’ economist says.
Nearly a third of home sellers are slashing prices in Sun Belt cities as spring home-buying season heats up, Zillow says.MarketWatch - Business -
S.Korea consumer sentiment dips as food inflation emerges as top election issue
Yahoo News - World -
Consumer sentiment climbs to 2½-year high as inflation eases
Americans express increasing confidence that inflation will continue to ease — and reduce the financial strain on households.MarketWatch - 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 -
Key Fed inflation gauge rose 2.8% annually in February, as expected
The core personal consumption expenditures price index was expected to increase 0.3% in February.CNBC - Business - Federal Reserve -
Long-Term JGBs Edge Lower Amid Worries Over BOJ Rate-Hike Pace
Long-term JGBs edged lower in the Tokyo session, weighed by concerns over the BOJ’s rate-hike pace after last week’s policy normalization.The Wall Street Journal - World -
Climate change driving up inflation in food prices: Study
Rising global temperatures are associated with inflation in food prices, both in regions that are already hotter and in countries outside the tropics like the U.S., according to a study published in the journal Communications Earth & Environment. ...The Hill - Politics - Climate -
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 -
Comex Gold, Silver Settle Higher
Gold settled up 1.2% Thursday, and silver rose 0.7%. For the quarter, both metals posted gains.The Wall Street Journal - World -
French and Italian inflation data boost hopes of ECB rate cut
Price growth in key eurozone economies undershoots expectationsFinancial Times - Business - France