Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate increase next week, according to market pricing and many Wall Street experts. Rate expectations have been on a rapidly swinging pendulum over the past two weeks, varying from a half-pointContinue Reading
European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision. Frederick Florin | Afp | Getty Images The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to supply liquidity to banks if needed, amid recent turmoil inContinue Reading
Goldman Sachs logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images Goldman Sachs no longer sees a case for the Federal Reserve to deliver a rate hike at its meeting next week, citing “recent stress” in the financial sector. Earlier Sunday, U.S. regulators announcedContinue Reading
Sydney Building take from Cremorne Point. Brook Attakorn | Moment | Getty Images As Federal Reserve Chair Jerome Powell hints at bigger and possibly faster rate hikes ahead, Australia’s central bank could be headed toward a different path. Reserve Bank of Australia’s governor Philip Lowe said in a speech WednesdayContinue Reading
The head of the European Central Bank is doubling down on the message that it’s no time to raise interest rates By DAVID McHUGH AP Business Writer November 19, 2021, 2:08 PM • 3 min read Share to FacebookShare to TwitterEmail this article FRANKFURT, Germany — The head of theContinue Reading
The minimum hourly wage for people over the age of 23 will increase by 6.6% to £9.50 ($13), the government said ahead of its budget announcement on Wednesday. The increase to the National Living Wage is more than twice the current inflation rate of 3.1%. But it has been criticizedContinue Reading
Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Kristian Helgesen/Bloomberg | Bloomberg | Getty Images The Norges Bank on Thursday become the first major Western central bank to raise interest rates following the onset of the coronavirus pandemic. After cutting rates three times in 2020 due theContinue Reading
FRANKFURT, Germany — The European Central Bank raised interest rates Thursday for the first time in 11 years by a larger-than-expected amount, joining steps already taken by the U.S. Federal Reserve and other major central banks to target stubbornly high inflation. The move raises new questions about whether the rushContinue Reading
Smith Collection/Gado | Archive Photos | Getty Images Tesla is trying to placate some solar customers who say they faced sudden price hikes earlier this year, according to new filings with the U.S. district court in San Jose, California. In a Thursday filing, customers’ attorneys wrote, “Tesla informed counsel for PlaintiffsContinue Reading
Stock futures rose in early morning trading on Wednesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average were up 210 points, or 0.7%. S&P 500 futures edged up 0.9% and Nasdaq 100 futures jumped 1.1%. The S&P 500Continue Reading