Today: 4. Dec, 2024
Financial markets have ridden the roller coaster of fluctuating interest rates for nearly two years. Policymakers at the Federal Reserve have been juggling the problem of managing inflation amidst an environment of rising treasury yields. However, there’s an emerging consensus among experts:…
Prominent economist, Jim O’Neill, believes that central banks should sustain interest rates close to 5% in major economies for a more extended period, even if inflation starts to decline. Many anticipate the U.S. Federal Reserve to hike interest rates by 25 basis…
Amid ongoing concerns about lasting inflation and an economy showing signs of slowing, analysts predict that the Bank of England might increase interest rates to 5.25% this week, marking a 14th consecutive rise in borrowing costs. The looming increase, which might add…
The Finance Ministry of Japan has issued a public request to X, formerly known as Twitter and currently owned by billionaire Elon Musk, to delete a fraudulent account imitating their chief currency diplomat, Masato Kanda. In a rare English-language post on the…
Yale University’s Economics Professor Robert Shiller has predicted the end of the U.S. home price rally that has been ongoing for a decade, contingent on the Federal Reserve ceasing its cycle of rate hikes. According to the S&P CoreLogic Case-Shiller U.S. National…
Kokou Agbo-Bloua, a prominent economist at Societe Generale, asserts that central banks have reached a critical juncture in their battle against inflation. While the headline inflation figure is slowly approaching the Federal Reserve’s target of 2%, persistently high core prices, excluding volatile…
According to a report from the Building Industry and Land Development Association, the recent interest rate hike in June has posed a threat to the sales momentum observed in May for new-build homes across the Greater Toronto Area (GTA). Dave Wilkes, President…
In a significant policy reversal, Turkey’s central bank has raised interest rates to 15%, almost doubling the previous rate. This bold move aims to combat the country’s persistently high inflation, which, despite showing signs of improvement, remains a cause for concern. President…
In a move to address persistent inflation and the remarkable resilience of the Canadian economy, the Bank of Canada has raised its benchmark interest rate by a quarter percentage point. This decision marks a significant shift in policy, as the bank had…
