Banking Crisis Complicates Interest Rate Decisions
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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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
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 -
Are Blueberries Blue? That's Complicated.
New research explains how they achieve such a rare color for foods, though their pigment ranges from pink to blackThe Wall Street Journal - World -
The complicated legacy of G League Ignite
The organization had the best of intentions, but the constantly changing landscape left it in no man's land.Yahoo Sports - Sports -
TikTok Bill Would Complicate ByteDance Investments if Passed
Major U.S. investment firms such as General Atlantic, Susquehanna and Sequoia Capital own stakes in ByteDance, the parent of TikTok. Their investments are increasingly under fire.The New York Times - Business - Tiktok -
Police reassess decision on Rayner allegations
Labour's deputy leader says she's done nothing wrong after fresh police complaint to police from a Tory MP.BBC News - Top stories -
The Memo: RFK Jr. set to hurt Biden more than Trump — but it’s complicated
Robert F. Kennedy Jr. is enjoying a new burst of attention after unveiling his choice of running mate on Tuesday, entrepreneur and lawyer Nicole Shanahan. Shanahan’s wealth — she is the ex-wife of Google co-founder Sergey Brin — has already aided ...The Hill - Politics - Joe Biden -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
West Ham boss Skinner 'sick' of wrong decisions
West Ham boss Rehanne Skinner says she is "getting a bit sick" of incorrect decisions after having a goal ruled out against Chelsea on Sunday.BBC News - Top stories -
Maddow blasts 'inexplicable' decision by NBC to hire McDaniel
MSNBC prime time host Rachel Maddow blasted her own network over its recent decision to hire former Republican National Committee Chair Ronna McDaniel as a political commentator. "If you care what I think about this, the fact that McDaniel is on ...The Hill - Politics -
Julian Assange Extradition Decision: What to Know
On Tuesday, two British judges will decide whether the WikiLeaks founder can appeal his extradition order to the United States.The New York Times - World -
Show us the receipts for the F-35 production decision
If the Pentagon wants the American people to believe they have gotten their money’s worth, it should immediately declassify the latest testing report and release it publicly.The Hill - Politics -
Barclays bank payments restored after outage
The bank has apologised as some customers experienced issues with payments into and out of accounts.BBC News - Top stories -
America’s Affordable Housing Crisis
The housing crisis is likely to be solved in cities and states, not Washington.The New York Times - Top stories -
The Coming Electricity Crisis
Artificial-intelligence data centers and climate rules are pushing the power grid to what could become a breaking point.The Wall Street Journal - World -
NBA considering pivot to USA vs. World All-Star Game format, but it would be a complicated switch
There's no simple fix for the All-Star GameCBS Sports - Sports - NBA