Global Interest Rate Hikes Are Yet to Bite Says Imf Head
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Texas mom says police held her face in pile of fire ants, covering head and neck with hundreds of bite marks
A woman accused police officers in Santa Fe, Texas, of holding her face down in a pile of fire ants, leaving bite marks all over her head and chest.NBC News - Top stories -
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 -
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 -
Violent protests continue in Pakistan-held Kashmir against price hikes. Talks with the IMF begin
Yahoo News - World -
Violent protests continue in Pakistan-held Kashmir against price hikes. Talks with the IMF begin
Protests against price hikes have continued for the fourth day in Pakistan-controlled Kashmir with demonstrators clashing with the policeABC News - World -
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 -
Cramer says new AI technology can't help bring down inflation just yet
CNBC's Jim Cramer on Monday said he is hopeful new AI technology will cut costs, but it will not help lower interest rates any time soon.CNBC - 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 -
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 -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
Federal student loan interest rates highest in more than a decade
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 percent, up from 5.5 percent the previous year. Higher education expert Mark Kantrowitz told CNBC the new undergraduate ...The Hill - Politics