Federal Reserve Expected to Raise Interest Rates Amid Banking Crisis
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Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.CNBC - Business -
Can banks fix the climate crisis? The evidence so far is lukewarm
New research suggests that their green commitments are not necessarily paying off yetFinancial Times - Business - Climate -
High Interest Rates Are Hitting Poorer Americans the Hardest
The economy as a whole has proved resilient amid the highest rates in decades. But beneath the surface, many low- and moderate-income families are struggling.The New York Times - Business -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
What Forecasters Say About Interest Rates (and Why They Disagree)
Hopes for a steep drop in borrowing costs for consumers and businesses have been dashed. But some experts predict modest reductions in coming months.The New York Times - Business -
Home Depot misses on revenue, as high interest rates hurt sales
Home Depot reported first-quarter earnings as it tries to grow sales with home professionals in a tough housing market.CNBC - Business -
Oil declines with OPEC forecast unchanged, as traders weigh the interest-rate outlook
Oil futures move lower on Tuesday, giving back part of the gains seen a day earlier, as the Organization of the Petroleum Exporting Countries left its monthly forecasts largely unchanged.MarketWatch - Business -
Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell speaks Tuesday to the Foreign Bankers' Association in Amsterdam.CNBC - Business -
Safra private bank assembles new dealmaking team for ultra-rich clients
J Safra Sarasin taps BoA and Goldman Sachs as it looks to expand into advising on M&A and equity capital raisesFinancial Times - Business -
Right-wing Israelis block aid to Gaza coming from the West Bank
Yahoo News - World - Israel -
Banks breaks from the Senate GOP's well-heeled candidate trend
Politico - Politics -
German scientists urge urban areas to adapt due to climate crisis
Yahoo News - World - Climate -
‘It will take two decades to fix the housing crisis’: The developer reshaping south London
Rick de Blaby is at the forefront of the UK’s nascent build-to-rent sector. But can he calm nerves over the transformation of bustling Elephant & Castle?. A new “town centre”, a cluster of four buildings with towers of varying heights, is ...The Guardian - World -
Netanyahu and Sinwar have common interests in prolonging the war
In a calamitous confluence of circumstance, Sinwar and Netanyahu now have intersecting interests. They are each other’s best friend and foil.The Hill - Politics -
‘What if we built our own?’: young Amsterdammers fight housing crisis with cooperative build
Group of university students awarded plot after city hall passes plan for 15 to 20 cooperative projects. ‘Everything’s just … on hold’: the Netherlands’ next-level housing crisisDe Torteltuin, or “Dove Garden”, was born from an existential, if ...The Guardian - World -
Middle East crisis live: large parts of Rafah now a ‘ghost town’, says Unrwa spokesperson
Louise Wateridge, in a post on X, said it was ‘hard to believe there were over a million people sheltering here just a week ago’. One of ActionAid’s partners in Rafah has paused humanitarian operations there, with the charity warning that aid ...The Guardian - World -
Summer 2023 Was the Northern Hemisphere’s Hottest in 2,000 Years, Study Finds
Scientists used tree rings to compare last year’s extreme heat with temperatures over the past two millenniums.The New York Times - World -
DeSantis to raise funds for Trump
Florida Gov. Ron DeSantis (R) is planning to raise funds for former President Trump’s 2024 campaign in the coming weeks. The details have yet to be finalized, The Associated Press reported, citing two people familiar with the matter who spoke on ...The Hill - Politics - Donald Trump -
DeSantis says wife has 'zero' interest in running for office
Florida Gov. Ron DeSantis (R) shot down speculation Monday that his wife, Casey DeSantis, has any interest in running for future office. During a press conference Monday, DeSantis was asked whether his wife would consider running for Florida ...The Hill - Politics -
National-debt interest now costs more than Medicare or defense
Last week we got “good news” on Social Security and Medicare. Here’s the rest of the story.MarketWatch - Business