Federal Reserve Expected to Raise Interest Rates Amid Banking Crisis
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Federal Reserve Expected to Cut Rates, Lift Biden's Prospects
A midyear cut could lower borrowing costs and drop mortgage rates ahead of the election.Inc. - Business - Federal Reserve -
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 -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
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 -
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 -
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 -
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 -
'My job is not over here' - Alonso to stay at Leverkusen
Xabi Alonso announces he will remain as manager of Bayer Leverkusen beyond this summer despite interest from Liverpool and Bayern Munich.BBC News - Top stories -
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 -
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 -
Biden expected to raise $25 million at NYC fundraiser
President Biden's campaign is expected to raise more than $25 million from its star-studded New York City fundraiser on Thursday night, which will feature former President Obama, former President Clinton and a slew of celebrity guests. Thursday’s ...The Hill - Politics - Joe Biden -
LIVE Transfer Talk: Davies won't renew at Bayern amid Madrid interest
Reportedly unhappy with Bayern's approach to contract negotiations, Alphonso Davies looks likely to move to Madrid. Transfer Talk has the latest.ESPN - Sports -
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 -
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 -
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 -
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 -
Boeing CEO, other executives stepping down amid safety crisis
Three senior Boeing executives including its CEO are stepping down, the company said Monday, as the company continues to deal with an ongoing scandal and federal investigation into the safety of its passenger jets.NBC News - Top stories -
Ad Forecaster Raises 2024 Prediction Amid Improving Economic Outlook
While the U.S. ad market in 2023 was ‘relatively resilient,’ the outlook for 2024 looks stronger, according to Magna.The Wall Street Journal - World -
Why Treasury Yields Are Rising Despite Rate-Cut Expectations
The yield on the government’s 10-year note has climbed since the start of the year, propping up mortgage rates.The Wall Street Journal - World -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Lawmakers with Poland’s ruling pro-European Union coalition have launched a rare process to bring the central bank chief before a special court on allegations of acting against the country’s financial interestsABC News - World -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Yahoo News - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Middle East crisis live: Israel recalls ceasefire negotiators from Qatar, claiming Hamas ‘not interested’ in talks
Netanyahu’s office said ‘Israel will not cave to Hamas’s delusional demands’, ending immediate attempts to negotiate a ceasefire and hostage release deal. See all of our Israel-Gaza war coverageIsraeli media is reporting that the Israeli ...The Guardian - World - Israel -
China's property crisis is bleeding into its banking sector, which is being asked to prop up developers
Yahoo News - World - China -
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
A British financial trader described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis has lost his appeal to have his conviction quashedABC News - World - United Kingdom -
Lowe’s credit card now has a 31.99% interest rate. Customers call it ‘loan sharking.’
“These interest charges could be astronomical on a big purchase,” says one credit-card expert.MarketWatch - Business -
AI risk management startup ValidMind raises $8.1M to help banks comply with regulations
ValidMind, a regulatory compliance platform for AI risk management at banks, raises $8.1 million in seed funding to automate model validation and documentation.VentureBeat - Tech - Artificial Intelligence -
Australian-born judge challenges deportation from Kiribati amid long-running judicial crisis
David Lambourne may be forced out of the Pacific nation if he loses challenge to president Taneti Maamau’s attempt to sack him. David Lambourne, an Australian-born high court judge whose attempted deportation two years ago from Kiribati sparked a ...The Guardian - World -
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 -
Barack Obama and Bill Clinton to raise $25 million with Biden amid concerns about his age
Bill Clinton was 22 years younger than George H.W.NBC News - Politics - Joe Biden -
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.
Having ridden the New York commercial-property boom together, NYCB and Meridian Capital are now in a changed world of higher interest rates and falling building valuations.The Wall Street Journal - World - New York -
Federal spending package triples funds aimed at fixing US-Mexico sewage crisis
Congress tripled the funds it will devote this year to cleaning up a cross-border sewage crisis, in a small sliver of the $1.2 trillion spending bill approved at the eleventh hour this weekend. The package, signed by President Biden on Saturday, ...The Hill - Politics -
Boeing chief Dave Calhoun will step down at year-end amid the aircraft maker's crisis over product quality, and the company said its chairman won't stand for re-election.
Boeing chief Dave Calhoun will step down at year-end amid the aircraft maker’s crisis over product quality, and the company said its chairman won’t stand for re-election.The Wall Street Journal - World