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#interestrate
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U.S. Fed chief says tariffs, inflation fears mean rate cuts can wait
The sharp volatility in financial markets since President Donald Trump announced sweeping tariffs April 2, only to put most on hold, led to questions on potential rate cuts.
#economics #trade #politics #USNews #FederalReserve #interestrate
https://globalnews.ca/news/11135555/us-interest-rates-pause-inflation-tariffs/
Bank of Canada holds rates at 2.75%
This is the first pause after 7 consecutive monthly cuts
#bank #economy #interestrate #Canada #News #Business
https://www.cbc.ca/news/business/boc-interest-rate-april-1.7511457?cmp=rss
U.S. Federal Reserve holds interest rate, sees slower economic growth ahead
The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year.
#economy #finance #interestrate #Money #USNews #FederalReserve
https://globalnews.ca/news/11089154/us-federal-reserve-holds-interest-rate-slower-economic-growth/
Sorry to 
on #BoE #interestrate drop 
buuuuut ...
(TLDR; forecast actually up 0.5% 
)
"The BoE said it was unclear exactly how any future U.S. tariffs would affect inflation in Britain, but said higher global tariffs were likely to cause slower growth, even if Britain was not specifically targeted.
These forecasts were based on market expectations for a slower pace of rate cuts than in November, with interest rates dropping to around 4.25% by the end of this year versus about 3.75% expected before."
Continued thread
Analysts were watching to see if the #unemployment rate spike in July was a mere data quirk or indicative of a broader slowdown in the #labor market. #FederalReserve ofcls will be using the data to steer #InterestRate cuts later this month. And the presidential candidates will be looking to the report to make their case for who is better for the #economy.
#Fed chair Powell: ‘The time has come’ for #InterestRate cuts
Jerome Powell’s speech in Jackson Hole, Wyo., means rates will probably lower at the #CentralBank’s mid-September meeting. But he didn’t say how much.
#economy
https://www.washingtonpost.com/business/2024/08/23/fed-powell-jackson-hole-rate-cuts/
The Washington Post · Fed chair Powell: ‘The time has come’ for interest rate cuts
The #US #economy grew faster than expected in the second quarter, but #inflation subsided, leaving intact expectations of a Sept #InterestRate cut from the #FederalReserve.
#GDP increased at a 2.8% annualized rate last quarter, the #Commerce Dept’s Bureau of #Economic Analysis said in its advance estimate of 2nd-quarter GDP on Thurs. Economists polled by Reuters had forecast GDP rising at a 2.0% rate.
#Bidenomics #Harris2024
https://www.reuters.com/markets/us/us-economic-growth-regains-steam-second-quarter-inflation-slows-2024-07-25/
An #Ottawa couple is sharing their #BuyerBeware story & importance of reading the fine print in contracts, following a shocking #PriceHike & #InterestRate adjustment for their home furnace financing.
In 2018, Sonya Rawlings and her husband, James, replaced their furnace, hot water tank & air conditioner, spending $17,000, financed through a company called #ProvincialHomeAssistance.
The trouble began in June 2024, when the #loan was renewed by a third company, #Financeit.
"Our interest rate jumped from 2.99% to 14.99% & our payment went from $60 a month to $136 a month," says Rawlings. "It's a shock. It's kind of like robbery. It's more than double the amount we were paying before."
Closer examination of the #financing details revealed the loan's original 10-year #amortization had been extended to 20 years by the second lender.
Ottawa · Ottawa couple's loan payments more than double after new company takes over financingAn Ottawa couple is sharing their buyer beware story and the importance of reading the fine print in contracts, following a shocking price hike and interest rate adjustment for their home furnace financing.
Happy #Jobs Day Friday!
272,000 new jobs exceeded my expectations
Sunshine Corner subscribers received Issue 2024:6 yesterday with these expectations and thoughts on the #interestrate decision next week. In short:
Progress on taming #inflation is not likely enough for a rate cut next week,
Continued labor market strength points to the same outcome, and
I'm looking ahead to July or September for the first cut.
Subscribe for more: https://buttondown.email/srrconsulting-sunshine/archive/sunshine-corner-20246/
#economics #Realestate
buttondown.emailSunshine Corner 2024:6Issue 2024:6 June, new moon The Fed’s preferred inflation measure for April was released last Friday; tomorrow is the April jobs report; and the FOMC is set...
𓅠 Australians have lost 14 years of progress on living standards. A wages breakout? Please. If only
https://www.theguardian.com/business/grogonomics/article/2024/may/16/australia-wage-price-index-figures-inflation-salary-growth
When wages grow faster than inflation then our standard of living improves, but 14 years of bad economic policy has trashed our standard of living.
This deep dive into the wage and inflation stats by @grogsgamut confirms what you've probably been seeing: wages have been going backward for the last 14 years despite claims by various governments. For that, I think we have to thank our RWNJ leaders from 2013 to 2022 and since then Albo's pissweak Treasurer, Jim Chalmers.
The Guardian · Australians have lost 14 years of progress on living standards. A wages breakout? Please. If only
#RBA holds interest rates but #Australia on cusp of ‘genuine #recession ’ after ‘rotten’ update. Borrowers fearing speculation of an #interestrate hike will be glad there’s a hold, but Australia’s per-capita recession may already be on the brink of crisis.
Yahoo · RBA holds interest rates but Australia on cusp of ‘genuine recession’ after ‘rotten’ update
#Fed leaves interest rates unchanged
The #FederalReserve is still eyeing 3 #InterestRate cuts this year, as ofcls wait for a bit more confidence #inflation is reliably falling to more normal levels.
At the close of their 2-day meeting on Wed, central bankers left the benchmark interest rate steady at between 5.25 & 5.5%. Ofcls also released projections that showed 3 rate cuts to come in 2024.
#economy #finance #markets #business #consumers
https://www.washingtonpost.com/business/2024/03/20/fed-interest-rates-decision-inflation-fomc/
The Washington Post · Fed leaves interest rates steady as officials debate timing for cuts
High interest hurts green energy transition.
Central banks need to roll out new strategies!
https://positivemoney.org/wp-content/uploads/Inflation-as-an-Ecological-Phenomenon-Jan24-v2.pdf
#greentransition, #environment, #interestrate, #finance, #centralbanks, #economy
Continued thread
Analysts attribute the market’s continued gains to positive economic data suggesting #TheFed has tamed #inflation w/o breaking the #economy, giving #investors confidence that #InterestRate cuts could be on the horizon.
Nowy wpis na blogu! / 
New blog post!
Polish Secure Credit 2% Programme (2023) [ENG ]
#Apple #BezpiecznyKredyt2_ #BK2 #Excel #FinanseBardzoOsobiste #FirstHome #interestInstallment #interestRate #LibreOffice #loan #MarcinIwuć #Microsoft #MinistryOfDevelopmentAndTechnology #mortgage #Numbers #PMT #principalInstallment #SecureLoan2_ #subsidies
Autor: @to3k@tomaszdunia.pl
I would feel better about the interest rate rises in #Australia if governments were literally doing anything else to ease pressure on younger generations while share holders & corporations rake in excess profits.
See article addressing older generations are spending more to keep up with inflation while younger people can’t #InterestRate #RBA
ABC News · Under 35s cutting back while older Australians increasing spending as cost-of-living pressure rises
One of the problems with the ONS' realisation that labour force survey data is based on too narrow a statistical base (prompting the current period of revisions in method), is not just BoE #interestrate decisions may have been partly based on a distorted view of the labour market, but also that the prevailing narrative of the UK's difficulties with long term sickness may have been built on a foundation of inaccurate evidence...
It'll be interesting to see what emerges from ONS 'new' evidence
Damn you #JeromePowell
#TheFed's Powell: Strong #economy may still require rate increases
The U.S. economy's strength & continued tight #labor #markets could warrant further #FederalReserve #InterestRate increases, Fed Chair Jerome Powell said on Thurs in remarks that appeared to push back against #market expectations that the U.S. #CentralBank's rate hikes had reached an end.
#inflation
https://www.reuters.com/world/us/feds-powell-take-stage-amid-suddenly-choppy-landscape-2023-10-19/
Reuters · Fed's Powell: Strong economy may still require rate increases
#oil is coming down amid demand concerns. Can we get into the 70s again? Will this slow inflation and allow Feds to stop raising rates?
#economy #interestrate #fed #inflation
