New Inflation Data to Be Released As Federal Reserve Weighs Another Interest Rate Hike
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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 -
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 -
Latest US inflation report may provide clues to future path of prices and interest rates
It’s perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soonABC News - Top stories -
Education Dept. announces highest federal student loan interest rate in more than a decade
The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.CNBC - Business -
Federal student loans this fall will have the highest interest rate in more than a decade
The interest rate on many new federal student loans will reach its highest level in over a decade next year, as lenders seek higher returns.NBC News - Top stories -
SPDR Gold Rises on Fresh Inflation Data
Gold settled 0.7% higher after U.S. inflation data came in hotter than expected.The Wall Street Journal - World -
Inflation Sticking Around, Key Wholesale Price Data Show
The Producer Price Index jumped up again last month, and economists see inflation persisting, which will likely keep high interest rates in place.Inc. - Business -
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 -
Oil Rises on Reports of U.S. Crude Inventories Draw But All Eyes Are on Inflation Data
Oil prices edged higher on reports of a larger-than-expected draw in U.S. crude inventories, but remained broadly under pressure on prospects of higher-for-longer rates due to sticky inflation.The Wall Street Journal - World -
Home Depot's sales continue to soften in 2024 as inflation, delayed start to spring weigh on sales
Home Depot’s sales continued to soften in the first quarter as the nation’s largest home improvement retailer not only was constrained by high mortgage rates and customers dealing with inflation concerns, but it also had to deal with a delayed ...ABC 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 -
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 -
Utility price hikes in parts of China hand another blow to households
Yahoo News - World - China -
Fed Chair Jerome Powell Maintains Wait-and-See Posture on Inflation and Rates
The Fed chief said he expected inflation to continue heading lower but that he was less confident than he had previously been about that outlook.The Wall Street Journal - World - Federal Reserve -
Argentina inflation crests near 300% as monthly rate slows
Yahoo News - World -
High Bond Yields Bode Well for Capital Appreciation
The elevated starting yields prevalent across much of the bond market bode well for capital appreciation, Pimco said, adding it favors intermediate maturities.The Wall Street Journal - World