Tag #Interest Rates

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bbc.com
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UK Inflation Jumps to 3% Amid Rising Food and Energy Costs

UK inflation unexpectedly jumped to 3% in January 2024, the fastest rate in 10 months, driven by rising food prices (up 3.3%), airfares, and a 13% increase in private school fees due to VAT; this comes before further increases in energy, water, and council tax bills in April, exacerbating the cost-o...

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44% Bias Score

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smh.com.au
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US Stocks Mixed Amidst Economic Uncertainty

US stock markets showed mixed results on Wednesday, with the Dow Jones falling 0.3%, while the Australian market is predicted to drop 0.7% at the open; Celanese plummeted 22% due to weakening demand, and Nikola filed for bankruptcy, impacting investor sentiment.

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40% Bias Score

Decent Work and Economic Growth
dailymail.co.uk
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Australia Cuts Interest Rates for First Time Since 2020

Australia's Reserve Bank cut interest rates by 0.25 percentage points to 4.1 percent on Tuesday, the first decrease since November 2020, prompting Treasurer Jim Chalmers to urge landlords to consider rent relief for tenants.

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36% Bias Score

No Poverty
dailymail.co.uk
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Australia's Housing Crisis: Supply Shortage Blamed, Not Low Interest Rates

Reserve Bank of Australia Governor Michele Bullock on Tuesday attributed Australia's housing crisis to a supply shortage, not low interest rates, announcing a rate cut to 4.1 percent, despite forecasts of double-digit price increases in Sydney and Melbourne if rates fall further. This comes as net m...

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48% Bias Score

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news.sky.com
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UK Inflation Surges, but Bank of England to Continue Rate Cuts

UK inflation hit 3% in January, surpassing forecasts and the Bank of England's target, driven by airfares and school fees; despite this, the Bank is expected to continue cutting interest rates due to weak economic growth.

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36% Bias Score

Reduced Inequality
cbsnews.com
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2025 HELOC Costs: $80,000 Loan Payment Analysis

In 2025, an $80,000 HELOC costs $982.92 monthly (10-year, 8.29% interest) or $777.98 (15-year, 8.29%), but these figures fluctuate with the Federal Reserve's interest rate adjustments and may decrease to $912.05 and $700.85 respectively if rates fall to 6.59%.

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40% Bias Score

Reduced Inequality
news.sky.com
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UK Inflation Hits Nearly Year-High at 3%, Dampening Rate Cut Hopes

UK inflation unexpectedly rose to 3% in January, the highest in nearly a year, exceeding forecasts and driven by increased transport, food, and private school fees; this reduces the likelihood of immediate interest rate cuts.

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48% Bias Score

No Poverty
bbc.com
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UK Wage Growth Outpaces Inflation, But Future Uncertain

UK average wages rose 3.4% (inflation-adjusted) in October-December 2024, but concerns remain about future wage growth due to increased employer costs, including National Insurance changes, potentially impacting investment and economic growth.

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40% Bias Score

Decent Work and Economic Growth
cbsnews.com
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High CD Yields: Lock in Long-Term Rates Amidst Potential Federal Reserve Cuts

As of January 21, 2025, 36-month CDs average 1.32% yield, up from 0.80% in January 2020, with top-performing CDs exceeding 4%; experts advise locking in long-term CDs now due to potential future rate cuts by the Federal Reserve.

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48% Bias Score

No Poverty
theguardian.com
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UK Inflation Unexpectedly Rises to 3% in January

UK inflation unexpectedly rose to 3% in January, exceeding forecasts and driven by higher food and education costs, impacting worker wages and reducing the likelihood of an immediate interest rate cut.

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44% Bias Score

No Poverty
abcnews.go.com
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UK Inflation Spikes to 10-Month High, Jeopardizing Rate Cuts

UK inflation hit a 10-month high of 3% in January 2024, exceeding forecasts and the Bank of England's target, primarily due to increased airfares, food costs, and school fees following a new sales tax, potentially impacting the Labour government's economic agenda and future interest rate decisions.

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44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 85% Global Worthiness
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Australian Banks Cut Mortgage Rates After RBA's First Cut in Four Years

Australia's four major banks lowered variable mortgage rates by 0.25 percentage points after the Reserve Bank cut the cash rate to 4.1 percent on February 28, 2024, providing relief to borrowers struggling with high interest rates since November 2020.

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40% Bias Score

Reduced Inequality

Showing 1,045 to 1,056 of 1,742 results