Tim Bieber | Photodisc | Getty Images Amid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers...
Tag: Rates
The Fed hiked interest rates by a quarter point today. Here’s what this means for mortgage rates
Rising rates have made it increasingly difficult for Americans to check off major life milestones like purchasing a car, starting a business, and becoming homeowners. While the Fed has begun to implem...
CNY Rallies As Central Banks Hike Interest Rates
China Last Night KraneShares Key News Asian equity markets were broadly higher as Taiwan and South Korea outperformed. Central banks, including the Hong Kong Monetary Authority, the European Central B...
The Federal Reserve (Fed) raises interest rates
Punctually last night came the FOMC and with it Powell unveiled the moves of the Federal Reserve (Fed) on interest rates, that resulted in a 25 basis point rise. The market had been expecting a change...
Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared
A passageway near the Bank of England (BOE) in the City of London, U.K., on Thursday, March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England on Thursday hiked interest ra...
Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuter Deutsche Bank on Thursday reported its 10th straight quarter ...
Why the Fed’s interest rate hike is ‘good news for mortgage rates’
The Federal Reserve’s move to hike interest rates signals good news for the housing sector, some experts say. The central bank hiked its benchmark interest rate on Wednesday by a quarter percentage po...
Bitcoin reaches $23,700 as Fed raises interest rates by 25 basis points
The Federal Reserve raised interest rates by 25 basis points (bps) following the Feb. 1 meeting of The Federal Open Market Committee (FOMC). This brings the Federal Funds Rate to 4.5-4.75%. Bitcoin re...
As Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money
The Federal Reserve boosted its influential interest rate yet again Wednesday, even as more signs indicate that inflation is cooling. It hiked the benchmark’s key rate by a quarter of a basis point, b...
Federal Reserve raises interest rates another 0.25% to highest since October 2007
The Federal Reserve raised short-term interest rates Wednesday by a quarter percentage point, bringing its benchmark rate to a new range of 4.50% and 4.75%, the highest level since October 2007. In it...
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
Fed Raises Rates Another 25 Basis Points—Signals More Hikes Still To Come
Topline The Federal Reserve slowed the pace of its interest rate hikes on Wednesday, but signaled additional rate increases this year will likely be necessary in order to cool inflation that remains e...
Federal Reserve Raises Rates by 25 Basis Points
Key Takeaways The Federal Reserve raised rates by another 25 basis points. This brings federal interest rates to the 4.50% to 4.75% range. The move indicated a softening of the central bank’s hawkish ...
Mortgage demand fell last week, even after interest rates fell further
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images After a stronger start to the year, mortgage demand plunged ...
The Fed Is Poised To Hike Interest Rates Again. Is It Enough To Keep Away A Recession?
(Photo by Samuel Corum/Getty Images) Getty Images Key takeaways The Fed is expected to introduce a 0.25% interest rate hike today, bringing the target up to 4.75% Inflation is already showing signs of...
Why It Could Be Disastrous For Crypto If The Fed Raises Interest Rates By 50 BPS
The crypto and legacy markets could see a spike in volatility in a few hours. Jeremy Siegel, the Wharton School of Business Professor, told CNBC’s ‘Closing Bell: Overtime’ that “it will be a disaster”...
Why tech stocks hate higher interest rates
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, January 31, 2023 Today’s newsletter...
Why The Fed Will Keep Rates Above 4% For A Long Time
Ever upward, says the Fed. getty Higher for longer. That’s what numerous Federal Reserve officials have been saying about interest rates for some time. Nonetheless, many investors don’t take them at t...
Janet Yellen, Elon Musk Sound Alarm On 2023 Recession: High-Interest Rates To Blame?
The cryptocurrency had a difficult year in 2022, and it looks like 2023 won’t be any better. There are numerous well-known analysts and leaders issuing recessionary warnings. Here are the people who h...
U.S GDP Q4 Rates Higher Than Expected at 2.9%
8 hours ago | 2 mins read Bitcoin News U.S. economy grew at an annualized rate of 2.9% in the fourth quarter. The new figure demonstrates that economic growth is still occurring in the nation. The dir...
Mortgage demand jumps as interest rates drop
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images Mortgage interest rates fell for the third straight week, while...
Want To Know Where House Prices Are Heading In 2023? Watch Mortgage Rates
SAN FRANCISCO – JANUARY 30: A for sale sign is seen on a single family home January 30, 2008 in … [+] Vallejo, California. According to the California Association of Realtors in December s...
CS Stock May Fumble to Changing Fed Rates; New Hints Across the Globe
The US central bank will be holding its first meeting to discuss the Fed-rate this year. Former Credit Suisse bankers launch legal action over a payback clause. The company recently announced 9,000 l...
How do rising interest rates affect the stock market?
Join Our Telegram channel to stay up to date on breaking news coverage In the first half of 2022, the investment landscape underwent a noticeable shift. This was mainly due to a substantial rise in ...
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’
Mortgage rates near 6% unleash horde of homebuyers, and even lower rates could be on the way — but economists warn consumers are still ‘not invincible’ Refusing to let a good opportunity p...
Swissquote on Neftlix and Fed rates
The analysis by Swissquote Netflix added nearly 7.7 million new subscribers last quarter, compared to only about 4.5 million expected by the market. Harry and Meghan, amid other popular shows in the f...
Watch the Federal Reserve’s Waller speak live on the economy and interest rates
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Governor Christopher Waller is scheduled to speak Friday at 1 p.m. ...
Summers Warns of 1970s Crisis If Central Banks Relent on Rates
(Bloomberg) — Going soft on inflation will plunge economies back into the recessionary depths of the 1970s and have “adverse effect on working people everywhere,” former US Treasury Secretary La...
The Fed Says It Won’t Cut Rates in 2023. Markets Disagree. Who’s Right?
Text size The Marriner S. Eccles Federal Reserve Board Building in Washington, DC. Kevin Dietsch/Getty Images About the author: Christopher Smart is chief global strategist and head of the Barings Inv...