High inflation could doubly hurt household finances by forcing up borrowing costs on all kinds of loans. Recent data has shown inflation running stubbornly hot, which could prompt officials at the Federal Reserve to keep interest rates higher for longer. Mortgages, credit cards, and other kinds of...
"For sure, we're going to see rates higher for longer and we saw the inflation print out of the U.S. recently which was disappointing if you were hoping for rates to go down," Greg Guyett, CEO of global banking and markets atHSBC, told CNBC on the sidelines of the IMF m...
“higher for longer” message from the fed. “we think the fed is done” raising interest rates, says gene goldman, chief investment officer at cetera investment management. goldman cites declining inflation and the pullback in the stock market and rising bond yields ...
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the Fed seems to have paused additional rate hikes as it waits for additional data to come through, the discussion to raise rates further to cool the economy remains open, which could lead to higher unemployment. The sector may also face ...
While the no-hike was expected, there was considerable uncertainty over where the rate-setting Federal Open Market Committee would go from here. Judging from documents released Wednesday, the bias appears toward more restrictive policy and a higher-for-longer approach to interest rates. ...
If CD rates rise, you may miss out on a higher yield: If you lock in your CD rate, but rates increase shortly after, you may wish you'd waited to score a higher return. If CD rates drop, you may wish you’d chosen a longer CD: Though you'll still be well-served by any CD ...
inflation surged and year-on-year CPI peaked at 9.1 percent in June 2022, the highest in four decades. Despite rate hikes by the central bank to cool inflation, the impact of higher prices continue to dismay Americans, which represent a persistent economic challenge for the Joe Biden administr...
Most of Lagarde’s speech focused on disruptions to the global and European economies that might require higher rates for longer than was expected before the pandemic. Those challenges include the need to boost investment in renewable energy and address climate change, the rise in internat...
Instead of higher rates for longer, some economists are even penciling in rate cuts late this year if the banking crisis fuels a recession. For Powell and Co., the stakes are high. “I don’t think he should be chairman of the Federal Reserve,” Democratic Senator Elizabeth Warren ...