Tag #Interest Rates

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cbsnews.com
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Sacramento Housing Market Slowdown: June Sales Plummet

The Sacramento-area housing market saw a sharp decline in June 2024, one of the worst Junes in 25 years, with sellers facing lengthy wait times and price reductions due to fewer buyers and persistent high interest rates.

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theguardian.com
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Trump Considers Firing Fed Chair Powell, Sparking Market Volatility

President Trump considered firing Federal Reserve Chair Jerome Powell, causing market volatility, but later stated it was unlikely unless fraud was involved; the incident raises concerns about the Fed's independence, particularly given Powell's resistance to Trump's calls for interest rate cuts.

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theglobeandmail.com
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Trump's Fed Attacks Fuel Inflation Fears, Market Volatility

President Trump's repeated calls for Federal Reserve Chair Jerome Powell's resignation are causing investors to prepare for higher inflation and increased market volatility, as evidenced by rising 30-year Treasury yields exceeding 5 percent and a three-month high in breakeven inflation indicated by ...

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us.cnn.com
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Trump Threatens to Fire Fed Chair Powell Over $2.5 Billion Renovation

President Trump threatened to fire Federal Reserve Chair Jerome Powell over a $2.5 billion renovation at the Fed's headquarters, escalating his months-long campaign for lower interest rates; JPMorgan Chase CEO Jamie Dimon warned against political interference with the Fed.

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dailymail.co.uk
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UK Chancellor and Bank of England Governor Clash Over Economic Policy

The UK Chancellor and Bank of England Governor disagree on economic policy; the Chancellor seeks greater government control over investments, while the Governor stresses monetary policy independence, mirroring similar tensions internationally.

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cbsnews.com
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Inflation Surge Impacts Credit Card Rates

Rising inflation, hitting 2.7% annually in June, is driven by increased food prices (eggs up 27%), impacting the Federal Reserve's interest rate decisions and subsequently raising credit card interest rates, currently averaging over 21%.

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bbc.com
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Trump Considers Dismissing Fed Chair Powell, Then Recedes

President Trump considered firing Federal Reserve Chair Jerome Powell due to policy disagreements, causing market fluctuations, but stated it's "highly unlikely" unless Powell leaves for fraud; this raises concerns about political interference in the Fed's independence.

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elpais.com
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Search for Powell's Replacement Begins Amidst Trump's Criticism

U.S. Treasury Secretary Scott Bessent confirmed the search for a successor to Federal Reserve Chairman Jerome Powell, whose term expires in May 2024, amid President Trump's criticism of Powell's interest rate policies and a $700 million cost overrun in Fed headquarters renovations.

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theglobeandmail.com
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Unchanged Producer Prices in June Offer Hope for Fed Rate Cuts

U.S. producer prices held steady in June, defying predictions of a 0.2% increase, as tariff-related rises in goods prices were counteracted by decreased travel service costs; this potentially allows the Federal Reserve to resume interest rate cuts later this year.

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theglobeandmail.com
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Tariffs Push Up Prices, Dampening Expectations for Fed Policy Easing

U.S. inflation data, suggesting tariffs are increasing prices, caused global market pressure, dampening expectations for Federal Reserve policy easing; however, the Nasdaq reached a new high on news that Nvidia would resume selling AI chips to China.

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cnn.com
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Trump Threatens to Fire Fed Chair Powell Over $2.5 Billion Renovation

President Trump threatened to fire Federal Reserve Chair Jerome Powell over a $2.5 billion renovation project at the Fed's headquarters, escalating his long-standing criticism of Powell's monetary policies; the renovation, approved in 2017, faced cost overruns due to unforeseen conditions, raising c...

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liberation.fr
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French Livret A Savings Rate Cut to 1.7%

France's Livret A savings account interest rate will decrease to 1.7% on August 1st, 2024, down from 2.4%, impacting the 600 billion euros held in Livret A and LDDS accounts. This decision is based on lower inflation and interbank interest rates, offering relief to social housing and reducing bank i...

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44% Bias Score

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Showing 385 to 396 of 1,742 results