Interest Rates
Traders bet on more Bank of England rate cuts in 2025 after data shocks
Piccadilly Circus is seen at dusk, on 7th January 2025, in London, England. Richard Baker | In Pictures | Getty Images LONDON — Traders bet on more Bank of England rate cuts this year after weak retail sales data added to the latest in a run of data surprises this week. Sales volumes fell 0.3% […]
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UK homeowners brace for higher mortgages as borrowing costs spike
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money […]
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BOJ deputy governor flags chance of rate hike next week
Shoppers in Tokyo, Japan, on Saturday, Sept. 16, 2022. James Whitlow Delano | Bloomberg | Getty Images The Bank of Japan will debate whether to raise interest rates next week, as prospects of sustained wage gains heighten and the U.S. policy outlook becomes clearer in President-elect Donald Trump’s inaugural address, Deputy Governor Ryozo Himino said. […]
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CNBC Daily Open: Good news need not always be bad news for markets
A job and resource fair hosted by the Mountain Area Workforce Development Board in partnership with NCWorks in Hendersonville, North Carolina, U.S., on Tuesday, Nov. 19, 2024. Allison Joyce | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on […]
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Fed Governor Bowman says December interest rate cut should be the last
Key Points Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the “final step” in the easing process. Even with the full percentage points of cuts from September through December, there are still “upside risks to inflation,” she added. Other Fed speakers this […]
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CNBC Daily Open: Fed’s inflation worries didn’t bother markets
Jerome Powell, chairman of the U.S. Federal Reserve, at a news conference after a Federal Open Market Committee meeting in Washington, D.C., on Dec. 18, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything […]
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Australia November retail sales rise by most in 10 months on Black Friday boost
Pedestrians pass shops in the Queen Victoria Building in Sydney, Australia, on Friday, July 26, 2024. Lisa Maree Williams | Bloomberg | Getty Images Australian retail sales saw the biggest increase in 10 months in November as Black Friday discounting drew cost-conscious shoppers, but even so they missed forecasts suggesting consumer demand remains subdued. Analysts also suspect the extra demand was just brought forward from […]
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CNBC Daily Open: Markets shrug off inflation warnings
Jerome Powell, chairman of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee meeting in Washington, DC, US, on Wednesday, Dec. 18, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed […]
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Fed officials are worried about the inflation impacts from Trump’s policies, minutes show
Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have, indicating that they would be moving more slowly on interest rate cuts because of the uncertainty, minutes released Wednesday showed. Without calling out Trump by name, the meeting summary featured at least four mentions […]
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Next ECB rate cut could be longer in coming, Holzmann says
Robert Holzmann, governor of Austria’s central bank. Bloomberg | Bloomberg | Getty Images The next interest rate cut by the European Central Bank could be longer in coming after a recent uptick in inflation, ECB Governing Council member Robert Holzmann was quoted as saying on Saturday. “I don’t see any interest rate hikes at the […]
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