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Interest Rates

All articles tagged with #interest rates

business1 day ago•2 min saved

Goolsbee urges Fed to hold steady on rates until inflation convincingly cools

Chicago Fed President Austan Goolsbee said rate cuts aren’t appropriate until there’s clearer evidence that inflation is heading down toward the 2% target, highlighting December core inflation at 3% and persistent housing costs. He warned against front-loading cuts and stressed the need to prove inflation is on a path back to 2% before loosening policy, while markets price in a hold through mid-2025 with potential cuts later in the year.

via CNBC|

#austan-goolsbee #business #fed

economy2 days ago•3 min saved

Weak Yen Spurs BoJ March Rate Move, Says Former Policymaker

Former BOJ board member Makoto Sakurai says the central bank could raise rates as soon as March if the yen slides, with a potential 25 basis-point hike and possibly another in 2026–27 to push the policy rate toward 1.75%. He warns faster tightening could strain banks, though inflation remains above target and wage growth could justify action. Economists expect about 1% by end-June, and the next policy meetings are March 18–19 and April 27–28.

via Reuters|

#boj #economy #inflation

education3 days ago•7 min saved

UK doctor warns student loan interest could keep him paying for decades

A UK doctor says his student loan debt has grown from £55,000 to about £80,000 due to roughly £25,000 in interest, with around £3,000 added this tax year and only half of that paid off. Interest accrues immediately and can reach up to 6.2%, delaying plans like buying a home. Loans are written off after 25–40 years depending on the region, and while the government defends the system as fair, graduates and policymakers are pushing for reform.

via BBC|

#debt #education #interest-rates

business5 days ago•3 min saved

Stiglitz Warns: Tariffs, Jobs Decline, and Rate Bets Signal a Weaker U.S. Economy

Nobel laureate Joseph Stiglitz says the U.S. economy is set to weaken, citing tariff-driven inflation that hits lower-income households hardest, a continuing decline in manufacturing and blue-collar jobs, and concerns about future interest-rate policy amid debates over AI-driven productivity and Fed credibility.

via Business Insider|

#business #inflation #interest-rates

economy6 days ago•15 min saved

Fed officials push for stronger inflation progress before further rate cuts

In the Fed's latest meeting minutes, a majority of policymakers signaled they want to see continued progress on inflation before endorsing additional rate cuts, underscoring a cautious, data‑driven path for future easing.

via Associated Press News|

#economy #federal-reserve #inflation

business6 days ago•3 min saved

Fed minutes flag potential rate hikes if inflation stays above target

Minutes from the Fed’s Jan. 27–28 meeting show several officials said rate hikes could be appropriate if inflation remains above the 2% target; with inflation volatility and a steady labor market, policymakers also said further rate cuts would be appropriate only if inflation declines as expected, but most signaled they will hold rates steady for now, with any near-term move unlikely before late summer at the earliest.

via NBC News|

#business #fed-policy #inflation

economy7 days ago•1 min saved

Fed Minutes Hint: Caution on Rate Cuts, Open to Hikes if Inflation Sticks

Minutes from January’s Fed meeting show no rush to restart rate cuts, with several policymakers even suggesting rate hikes if inflation remains stubborn, while a larger group favors holding until disinflation makes clear progress; the committee remains divided on the path of policy amid a mixed economic picture.

via The New York Times|

#economy #fed #federal-reserve

economy7 days ago•4 min saved

Fed minutes reveal split on rate path: holding cuts for now, with hikes on the table if inflation persists

Minutes from the January FOMC show a divided committee: most officials favored pausing further rate cuts for now unless inflation clearly slows, while some floated the possibility of hikes if inflation remains above target; the statement was adjusted to reflect a more balanced outlook, and markets price in a potential June cut followed by another move later in the year if disinflation proceeds and labor markets stay resilient.

via CNBC|

#economy #fed #fomc

economy10 days ago•11 min saved

Retiree Struggles With $40K Credit Card Debt Amid Sky-High Rates

A 73-year-old retiree, Susan Cannon, carries about $39,440 in credit-card debt across 19 cards with interest rates up to 34.99%, a situation worsened by the pandemic and ongoing inflation that forces reliance on cards for essentials; advocates push for caps on credit-card rates as relief, while banks warn such caps could reduce access to credit.

via Business Insider|

#credit-cards #debt #economy

economy-and-politics16 days ago•26 min saved

January data could redraw the Fed's roadmap on rates as inflation lingers

Investors await January's jobs report and CPI to gauge whether inflation continues to cool while the labor market stays resilient. Economists anticipate about 55,000 new jobs with unemployment near 4.4%, a 0.3% rise in CPI (core also ~0.3%), and a 2.5% year-over-year inflation rate, possible signs the Fed could begin easing later in 2026. The Fed just left rates unchanged amid inflation concerns, but officials warn the path is uncertain, making the January data crucial for policy and markets.

via MarketWatch|

#economy #economy-and-politics #federal-reserve

world17 days ago•10 min saved

Russian housing sector teeters on bankruptcy as rates stay high

Russia’s economy is slowing sharply as high mortgage rates push housing developers toward bankruptcy, with Deputy PM Marat Khusnullin warning that up to 30% could fail if conditions don’t improve; about 20% already face serious risks. The Central Bank’s rate has remained elevated (peaking at 21% in 2024 and around 16% by late 2025), while government programs fund roughly 80% of mortgages and only 20% are on market terms. Some developers have collapsed or are near collapse, and sales of new housing fell 26% year-on-year in January–June, with value down 2.1 trillion rubles.

via Daily Express|

#housing-market-downturn #interest-rates #mortgage-rates

economy18 days ago•0 min saved

Softening labor market rises as the economy's top threat

Data piling up point to a weakening labor market as the main risk to the US economy this year, potentially slowing growth and paving the way for further rate cuts, with economists like Mark Zandi saying the jobs market remains fragile and job creation is faltering.

via CNBC|

#economy #fed-policy #interest-rates

economy20 days ago•3 min saved

ECB Keeps Rates Steady as Inflation Path Remains in Focus

The European Central Bank held all three key rates at 2.00%, 2.15%, and 2.40%, reaffirming a data‑dependent path to bringing inflation to 2% in the medium term. The euro area economy shows resilience, with low unemployment and supportive fiscal spending, but faces global uncertainty. The APP and PEPP will not be reinvested as they mature, and the Council remains ready to adjust policy tools, with the Transmission Protection Instrument available to counter market disruptions.

via European Central Bank|

#ecb #economy #euro-area

business21 days ago•3 min saved

BoE poised to hold rates as inflation stays high

The Bank of England is expected to keep the Bank rate at 3.75% at its first meeting of the year, with inflation still above target and little new data to push for an imminent cut; policymakers signal a gradual path of rate reductions later, while fixed-rate mortgage holders face little immediate impact and savers have seen rates fall.

via BBC|

#bank-of-england #business #inflation

politics21 days ago•454 min saved

Miran resigns from White House but remains a Fed governor as Warsh eyes the chair

Stephen Miran, a top Trump economist, resigned from the White House's Council of Economic Advisers but will continue as a Federal Reserve governor on unpaid leave; his Fed term runs through January, with Warsh eyed to be Fed chair when Powell’s term ends, signaling a push for lower rates. Miran had advocated faster cuts and dissented at meetings, while Powell faces a federal probe into testimony about the Fed’s headquarters, underscoring ongoing tensions over U.S. monetary policy.

via cnn.com|

#council-of-economic-advisers #federal-reserve #interest-rates