Interest Rates
Luxury car buyers shell out more than ever with ‘car payments that look more like mortgage payments’
If you can even find a new car to buy, actually purchasing it is going to cost you. “It’s a really difficult time to buy a car,” said Jessica Caldwell, executive director of insights for Edmunds. Limited inventory due to a persistent shortage of computer chips, along with other supply-chain challenges, helped propel new car […]
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Bank of England’s Bailey warns global economic outlook has ‘deteriorated materially’
Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomberg | Getty Images LONDON — The governor of the Bank of England said Tuesday that the global economic outlook has “deteriorated materially” and warned of […]
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5 things to know before the stock market opens Tuesday
Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock slump persists U.S. investors returned from the three-day July Fourth holiday weekend to find stock futures down yet again. The market wrapped up its worst first […]
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South Korea’s June inflation hits 24-year high, raising expectations for a big rate hike
A photo showing workers setting up scaffolding beneath the logo of the Bank of Korea at its headquarters in Seoul on January 14, 2022. South Korea’s June inflation accelerated to the fastest pace since the Asian financial crisis, fanning expectations the central bank could deliver a 50 basis point rake hike for the first time […]
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Bank of Israel hikes benchmark interest rate 1/2-point in inflation battle
The Bank of Israel lifted its key rate to 1.25% from 0.75% in July in a bid to battle rising inflation. Eddie Gerald | Moment | Getty Images The Bank of Israel on Monday raised its benchmark interest rate by a half percentage point, its most aggressive move in more than a decade in a […]
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10-year Treasury yield falls to lowest level since May
U.S. Treasury yields fell Friday as recession fears and disappointing economic data left investors looking for safety. The yield on the benchmark 10-year Treasury note traded lower by 8 basis points at 2.889%, near its lowest level since late May. Meanwhile, the yield on the 30-year Treasury bond slid less than 1 basis point to […]
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Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession
Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, D.C., U.S., June 22, 2022. Elizabeth Frantz | Reuters A Federal Reserve tracker of economic growth is pointing to an increased chance […]
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The market’s worst first half in 50 years has all come down to one thing
Traders on the floor of the NYSE, June 29, 2022. Source: NYSE A multitude of factors conspired to generate the stock market’s worst first-half since 1970, but they all emanated from one word: Inflation. The cost of living started the year running at levels the U.S. had not seen since the early 1980s. Worse, Federal […]
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5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day: 1. S&P on track to finish its worst first half in 52 years Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Stock futures fell Thursday morning, as investors continued to weigh the ongoing impact of inflation, […]
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Powell vows to prevent inflation from taking hold in the U.S. for the long run
U.S. Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, U.S., June 23, 2022. Mary F. Calvert | Reuters Federal Reserve Chair Jerome Powell vowed Wednesday that policymakers would not allow inflation to take hold of the U.S. economy over the longer term. “The risk is that because […]
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