Tag #Interest Rates

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Fed Meeting Unlikely to Reduce Credit Card Rates; Debt Relief Options Explored

The Federal Reserve's July meeting is unlikely to lower credit card interest rates, currently averaging 21.16%, due to factors beyond the Fed's benchmark rate, leaving borrowers with high-rate debt to seek alternative debt relief options.

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cbsnews.com
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Financial Stress Soars Among Americans Amid Inflation and High Interest Rates

A Pew Research Center survey shows 40% of Americans have fair and 17% have poor financial health; 28% expect their situation to worsen in the next year, up from 16% in May 2024, highlighting widespread financial stress due to inflation and high interest rates.

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theglobeandmail.com
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Central Banks Hold Rates Steady Amidst Trump Trade Uncertainty

The Bank of Canada and the U.S. Federal Reserve are expected to hold interest rates steady this week due to uncertainty surrounding President Trump's trade policies, which are impacting inflation and economic growth; both central banks will deliver interest-rate decisions on Wednesday.

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es.euronews.com
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ECB Holds Interest Rates Steady at 2%, Maintaining Inflation Target

The European Central Bank (ECB) kept its key interest rate unchanged at 2% on Thursday, citing that inflation is at its medium-term target of 2%, despite acknowledging risks from trade tensions, a stronger euro and geopolitical uncertainty; the decision will be reassessed in September.

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smh.com.au
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NSW Unemployment Hits Four-Year High

NSW's unemployment rate climbed to 4.4 percent in June, the highest in nearly four years, with over 45,000 jobs lost in two months, impacting western Sydney disproportionately, exceeding government forecasts and raising concerns about future economic prospects.

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repubblica.it
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Global Markets Brace for Trade Talks, Earnings, and Fed Decision

Investors await the outcome of US-EU trade talks with a potential 15% tariff on most goods, major corporate earnings releases from Microsoft, Meta, Apple, and Amazon, and the Federal Reserve's interest rate decision amid rising inflation concerns.

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cincodias.elpais.com
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Spanish Banks Boost Government Debt Holdings Amidst Interest Rate Moderation

Spanish banks are increasing their holdings of Spanish government debt to offset lower interest margins caused by recent interest rate moderation, a strategy contrasting their role during the 2011-2012 Eurozone debt crisis; foreign investors are also heavily involved, mitigating risks.

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welt.de
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Trump Attacks Fed Chair Powell, Demands Lower Interest Rates Amid Soaring US Debt

President Trump publicly attacked Federal Reserve Chairman Jerome Powell on Thursday, accusing him of mismanagement and demanding lower interest rates to alleviate the soaring US national debt, exacerbated by Trump's own tax cuts and tariff policies; Powell refused, citing inflation risks.

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cbsnews.com
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Trump's Pressure on Fed Chair Powell Driven by Interest Rate Concerns, Not Project 2025

White House budget official Russell Vought stated that President Trump's criticism of Federal Reserve Chairman Jerome Powell is primarily due to his desire for lower interest rates, not the conservative policy blueprint Project 2025, despite the president's past criticisms of the Fed chair's handlin...

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smh.com.au
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US-EU Trade Deal and Upcoming Economic Data Cause Stock Market Uncertainty

US stock indexes showed mixed reactions to a US-EU trade deal on Monday, with the S&P 500 falling slightly while the Dow Jones and Nasdaq rose marginally; the Australian market is expected to drop, and the week ahead is full of potential market-moving events, including corporate earnings and the Fed...

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cincodias.elpais.com
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Fixed-Income Market Normalization Amidst Global Economic Uncertainty

Amid global economic uncertainty, the normalization of fixed-income markets, particularly in Europe, stands out. Falling inflation in the Eurozone (around 2%) has enabled continuous interest rate cuts by the ECB, resulting in a positive slope in yield curves and creating investment opportunities. Ho...

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t24.com.tr
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Turkey's Economy Rebounds From Shocks, But Challenges Persist

Turkey's Finance Minister Mehmet Simsek announced that the country's economy has rebounded from shocks since March, with foreign exchange reserves exceeding \$170 billion and growth continuing, although below projections; challenges remain regarding inflation and housing costs.

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Showing 289 to 300 of 1,727 results