Articles for High Interest Rates

Rahul slams govt over trade deficit touching all-time high
5 days, 21 hours ago

Rahul slams govt over trade deficit touching all-time high

Deccan Chronicle  

New Delhi: Slamming the Modi government, Leader of Opposition in the Lok Sabha Rahul Gandhi on Wednesday said prioritising crony businesses over play-fair ones leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation.Tagging a media report which said that trade deficit and imports are at an all-time high, Gandhi hit …

Record Trade Gandhi Imports Trade Deficit High Billion
What are personal loans and how do they work?
2 months, 3 weeks ago

What are personal loans and how do they work?

Live Mint  

Personal Loan: While personal loans are popular for urgent needs, they carry high interest rates. To obtain a personal loan, you must adhere to specific guidelines and meet the Personal loans primarily depend on your credit score, financial status, and current market conditions. Interest rates vary by bank, but they are usually calculated using a simple formula: Interest rates vary …

Personal Financial Personal Loans Bank Documents Loans Loan
Wall Street rallies to one of its best days of the year after inflation report
4 months, 1 week ago

Wall Street rallies to one of its best days of the year after inflation report

LA Times  

The Standard & Poor’s 500 jumped 1.7% after the government reported that inflation at the wholesale level slowed last month by more than economists expected. The Standard & Poor’s 500 jumped 1.7% for its third-best day of 2024 after the U.S. government reported inflation at the wholesale level slowed last month by more than economists expected. Treasury yields eased in …

Stocks Japan Inflation Interest Rates Interest Month Fed
Consumer confidence in U.S. falls in June as Americans fret about near-term prospects
5 months, 4 weeks ago

Consumer confidence in U.S. falls in June as Americans fret about near-term prospects

Associated Press  

American consumers lost some confidence in June as expectations over the near-term future fell again. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell in June to 100.4 from 101.3 in May. “Confidence pulled back in June but remained within the same narrow range that’s held throughout the past two years, as strength in …

Consumer Confidence High Interest Rates High Interest
The Fed indicated rates will remain higher for longer. What does that mean for you?
7 months, 2 weeks ago

The Fed indicated rates will remain higher for longer. What does that mean for you?

LA Times  

A sign highlighting the financing interest rate is displayed near the price sticker on an unsold vehicle at a Mercedes-Benz dealership. Mortgage rates, credit card rates, auto loan rates and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates …

Credit Online Mortgage Interest High Average Fed
The Fed indicated rates will remain higher for longer. What does that mean for you?
7 months, 3 weeks ago

The Fed indicated rates will remain higher for longer. What does that mean for you?

Associated Press  

NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has “greater confidence” that price increases at the consumer level are slowing to its 2% target. …

Online Interest Rates High Average Fed Banks High Interest Rates
The Fed indicated rates will remain higher for longer. What does that mean for you?
7 months, 3 weeks ago

The Fed indicated rates will remain higher for longer. What does that mean for you?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Credit Mortgage Interest Rates Average Fed Banks High Interest Rates
Stock market today: Wall Street skids after inflation remains stubbornly high
10 months, 1 week ago

Stock market today: Wall Street skids after inflation remains stubbornly high

Hindustan Times  

NEW YORK — Stocks fell sharply after disappointing data on inflation made investors confront the bitter possibility that interest rates will stay high for months longer than they were hoping. The worse-than-expected inflation report may have put the final nail into hopes that the Federal Reserve could deliver its first interest rate cut in March. Stocks of smaller companies fell …

Stocks Market Interest Rates Treasury Stock Fed Rates
US economy grew by 3.3% over the past year - ending fears of recession and sending the S&P and Dow up
10 months, 4 weeks ago

US economy grew by 3.3% over the past year - ending fears of recession and sending the S&P and Dow up

Daily Mail  

Consumers and businesses have continued to spend despite high interest rates The US economy grew much faster than expected in the final three months of last year, trouncing expectations as consumers and businesses continued to spend. The US economy grew much faster than expected in the final three months of last year, trouncing expectations as consumers and businesses continued to …

Economy Growth Spending Rate Last Year Gdp High Interest Rates
Economists predict US inflation will keep cooling and the economy can avoid a recession
1 year ago

Economists predict US inflation will keep cooling and the economy can avoid a recession

Associated Press  

NEW YORK — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday. Most of the surveyed economists expect inflation to continue to slow in 2024, though many say it may not get all the way …

Inflation Rate High Interest Rates Economists Predict
Bank of England keeps main UK interest rate at 15-year high of 5.25% and cautions over oil prices
1 year, 1 month ago

Bank of England keeps main UK interest rate at 15-year high of 5.25% and cautions over oil prices

Associated Press  

LONDON — The Bank of England kept its main interest rate unchanged on Thursday at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while, especially if oil and gas prices increase sharply because of the Israel-Hamas war. In a statement, the bank’s nine-member Monetary Policy Committee indicated …

Inflation Bank Interest Rates Price High Bank Of England Main
High interest rates is hurting one more industry: Mortgage lenders
1 year, 1 month ago

High interest rates is hurting one more industry: Mortgage lenders

Al Jazeera  

Mortgage brokers, who rely on commissions, are struggling as their income has dipped as home buyers move to cash. That’s because potential homebuyers are waiting for interest rates to start coming down – meaning prospective clients for mortgage lenders like Clark are in holding patterns of sorts. That’s seven percent higher than this time last year “One way to avoid …

Remote Work Texas Mortgage Interest Rates Interest High Rates
In the US, higher interest rates are forcing people to cut back
1 year, 1 month ago

In the US, higher interest rates are forcing people to cut back

Al Jazeera  

Americans are feeling pinch of high interest rates, forcing them to hold off purchases of homes, cars, even groceries. We’re trying not to have debt hanging over us, so we’ve cut back on doing things together as a family.” Elsamadicy is one of the hundreds of thousands of Americans feeling the pinch of the United States Federal Reserve’s aggressive push …

Credit Card Prices Interest Rates Interest High Baker Fed
Markets at record high but retail activity not picking up. Zerodha's Nithin Kamath explains why
1 year, 6 months ago

Markets at record high but retail activity not picking up. Zerodha's Nithin Kamath explains why

Hindustan Times  

After a muted start to the year, equity benchmark indices Sensex and Nifty closed at fresh lifetime highs on Friday amid a firm trend in the global market. Zerodha co-founder Nithin Kamath “Markets are back at all-time highs, but it doesn't feel like a bull run because retail activity isn't picking up. In a follow up tweet, the billionaire entrepreneur …

Retail Market Google Interest Retail Investors Nifty Investors
Savvy savers pull $60bn from banks in search of better interest rates - where are the best deals?
1 year, 8 months ago

Savvy savers pull $60bn from banks in search of better interest rates - where are the best deals?

Daily Mail  

Consumers withdrew $60 billion of deposits out of three major banks in the first three months of the year as they chased down better savings rates. Experts at Schwab acknowledged the exodus was due to low savings rates offered by banks, which average 0.37 percent, according to data from the Federal Deposit Insurance Corporation. Dailymail.com breaks down some of the …

Savings Bank Apple Interest Rates Interest Billion Fed
Can we avoid a recession? What we can learn from the Kiwis
2 years, 5 months ago

Can we avoid a recession? What we can learn from the Kiwis

ABC  

A little over three hours' flying time from Australia's east coast could lie a window into our future. ANZ's Sharon Zollner says there may be a "freak-out" among New Zealand households over rising interest rates and falling property prices. "They want to be in a position such that when there's another shock, they are going to adjust interest rates in …

Inflation Bank Prices Interest Rates Interest Central Banks Rising
EXPLAINER: Turkey’s currency is crashing. What’s the impact?
3 years ago

EXPLAINER: Turkey’s currency is crashing. What’s the impact?

Associated Press  

ANKARA, Turkey — Turkey’s beleaguered currency has been plunging to all-time lows against the U.S. dollar and the euro in recent months as President Recep Tayyip Erdogan presses ahead with a widely criticized effort to cut interest rates despite surging consumer prices. Turkey’s Central Bank has cut borrowing costs by 4 percentage points since September, in line with Erdogan’s wishes, …

Economy Inflation Turkey Central Bank Interest Rates Interest Currency