Stocks Slide on Concerns About Inflation and Interest Rates
trader-journal.com — Stocks slid for a second straight session on Wednesday after an increase in labor costs stirred concerns about inflation and interest rates and as the yield on the benchmark 10-year Treasury flirted with 5 percent. The Dow Jones Industrial Average fell nearly 130 points and registered its biggest two-day decline since March. (Submitted by etrader) More...
Australia's Central Bank Raises Interest Rate to 6 percent
bloomberg.com — "Australia's central bank raised its benchmark interest rate to 6 percent, a 5 1/2-year high, and stoked expectations of another increase by saying inflation will exceed its forecasts." The bank says it is a move to help combat inflation. As the inflation rate has gone up in recent times. (Submitted by Toiling) More...
Brazil Raises Key Rate by 0.5% to 12.25% to Curb Inflation
brazzilmag.com — The Brazilian Central bank raised its benchmark interest rate this week for the second time in less than two months. The aim is to curb resurgent inflation and prevent overheating of the world's tenth biggest economy. (Submitted by gernev) More...
Real Interest Rates Hit -12.55 As Inflation Explodes
prnewsnow.com — Mike Larson examines what real interest rates are and what they mean for the economy Mr Larson takes a closer look at real and nominal interest rates and how they can affect the economy The Federal Reserve has been cutting interest rates The benchmark federal funds rate was 525 last summer Its all the way down to 225 now and chances are the Fed (Submitted by GunMuse) More...
Fed leaves rates at 2% despite turmoil, easing inflation
usinflationcalculator.com — With the latest financial sector turmoil and easing inflation, many economists were anticipating the Federal Reserve would reduce interest rates on Tuesday. That was not the case. The Fed left the benchmark federal funds rate stead at 2 %, where it’s been since April and for the third straight meeting. (Submitted by CoinNews) More...
Vietnam central bank won’t change rates on inflation
vnstocknews.com — Viet Nam’s central bank will not change the benchmark interest rate because month-on-month increases in inflation show recent policy measures have been effective, according to Governor Nguyen Van Giau. (Submitted by shevaub) More...
Goldman: VietNam Set to Rely More on Higher Interest Rates
vnbusinessnews.com — Viet Nam will likely depend on raising interest rates and limiting credit to cool inflation, Goldman Sachs Group Inc. said, two days after the central bank abolished a cap on deposit rates and lifted its benchmark lending rate to the highest since it introduced the base rate in 1998. (Submitted by shevaub) More...
Bank of England Keeps Benchmark Interest Rate at Six-Year High, @ 5.75%
bloomberg.com — The decision follows panic among depositors at Northern Rock after money-market rates jumped, leaving the bank unable to fund its business. The run on the lender, the first in more than a century, has clouded the outlook for economic growth and inflation, and sparked criticism of the way the central bank handled the seizing-up of the credit market (Submitted by maskidat) More...
How are these search results? Tell us!
