interest rates - Page 6

7 months ago

U.K. Inflation Drops to 3-Year Low, Paving Way for Rate Cut in November

Inflation in the United Kingdom has fallen to its lowest level in over three years, according to official data released on Wednesday. The decline in consumer prices has solidified market expectations that

Federal-Reserve's-Bostic-Cautions-on-Further-Rate-Cuts-Amid-Inflation-Concerns

Economy

8 months ago

Federal Reserve’s Bostic Cautions on Further Rate Cuts Amid Inflation Concerns

Federal Reserve Bank of Atlanta President Raphael Bostic has signaled cautious optimism as the central bank begins its rate-cutting cycle, starting with a larger-than-expected half-point reduction. The move, aimed at stabilizing the

Gold-Set-to-Reach-Record-Highs-by-2025-LBMA-Survey-Finds

Finance

7 months ago

Gold Set to Reach Record Highs by 2025, LBMA Survey Finds

Gold is poised to climb to record levels over the next year, according to a survey conducted at the annual London Bullion Market Association (LBMA) gathering in Miami. Industry insiders—including traders, refiners,

Jobless Claims Fall as Labor Market Shows Resilience

The number of new unemployment insurance applications fell to its lowest level since last April, signaling unexpected strength in the labor market even as broader employment conditions cool. For the week ending

4 months ago

Economy

Bank of England Rate Cut Expectations Wane Amid Sticky Inflation

Investor confidence in significant rate cuts from the Bank of England (BOE) next year has diminished, with sticky inflation and robust wage growth fueling doubts about aggressive monetary easing. Money markets now

5 months ago

Investing

Dow Jones Nears Historic Nine-Day Losing Streak Amid Market Shift

The Dow Jones Industrial Average faced the possibility of entering the record books on Tuesday, flirting with its first nine-day losing streak since the 1970s. The 30-stock index dropped 273 points, or

5 months ago

Markets

November Retail Sales Beat Expectations, Show Consumer Strength

The US economy continues to defy expectations as retail sales in November surged more than Wall Street analysts had anticipated. Bolstered by strong vehicle purchases and online shopping, the report reflects the

5 months ago

Economy

Fed Expected to Cut Rates for Third Consecutive Meeting Despite Inflation Concerns

The Federal Reserve is poised to lower interest rates this week for the third consecutive meeting, even as inflation remains elevated and the economy shows resilience. This decision has sparked debate among

5 months ago

Economy

Federal-Reserve-December-Rate-Cut-Impact-on-Borrowing-and-Savings

Federal Reserve’s December Rate Cut and Its Impact on Consumer Borrowing and Savings

The Federal Reserve is anticipated to lower interest rates by another quarter point on December 18, marking the third consecutive rate cut since September. This move would reduce the federal funds rate

5 months ago

Economy

UK Economy Contracts for Second Month Amid Budget Concerns

The UK economy contracted by 0.1% in October, marking the second consecutive month of decline, according to figures released by the Office for National Statistics (ONS). This fall defied expectations of a

5 months ago

Economy

Gold Rises to Year-High Weekly Gains Amid Geopolitical Tensions

Gold prices surged this week, poised for their best weekly performance since October 2023, as escalating tensions in the Russia-Ukraine conflict and hints of Federal Reserve policy easing fueled the precious metal’s

6 months ago

Markets

Weekly Jobless Claims Hit Seven-Month Low Amid Noisy Data Trends

Weekly jobless claims in the U.S. reached a seven-month low last week, as the effects of labor strikes and severe weather have introduced noise into the data over recent months. According to

6 months ago

Economy

Eurozone Wages Surge to Highest Growth Since 1990s, Complicating ECB’s Rate Strategy

Wages in the Eurozone surged 5.4% year-on-year in the three months to September, marking the fastest growth since 1993, according to data from the European Central Bank (ECB). This significant rise in

6 months ago

Economy