Brits are facing a major mortgage crisis as lending rates soar
LONDON — U.K. borrowers are facing a cliff edge that could damage the economy as rising mortgage costs hit deal…
Rate cuts, hikes and pauses: The world’s central banks just made very different decisions
From hawkish pauses to rate hikes and dovish tones, the world’s biggest central banks last week struck very different tones…
One TikTok at a time: How Kyla Scanlon is making finance fun
She’s considered an influencer who uses TikTok, Instagram and YouTube to make financial education fun for young audiences. Kyla Scanlon,…
‘Bite of these higher rates is gaining traction almost every day,’ KBW CEO Thomas Michaud warns
A major financial services CEO warns the economy hasn’t fully absorbed higher interest rates yet. Thomas Michaud, who runs Stifel…
Fed holds off on rate hike, but says two more are coming later this year
WASHINGTON — The Federal Reserve on Wednesday decided against what would have been an 11th consecutive interest rate increase as…
Inflation rose at a 4% annual rate in May, the lowest in 2 years
The inflation rate cooled in May to its lowest annual rate in more than two years, likely taking pressure off…
UK short-term borrowing costs shoot past ‘mini-budget’ crisis levels on strong labor data
LONDON — U.K. borrowing costs, as measured by the yield on short-dated government bonds, rose above levels last seen following…
Inflation outlook hits two-year low in latest New York Fed survey
Consumers are growing more optimistic that inflation is on the way down, according to a New York Federal Reserve survey…
Jobless claims increase more than expected to their highest since October 2021
First-time jobless claims rose sharply last week in a potential sign that the labor market is softening up after more…
Treasury Secretary Yellen says she wouldn’t be surprised to see more bank consolidation
WASHINGTON — Given the overall environment in the industry, it’s likely for some smaller banks to consolidate, Treasury Secretary Janet Yellen…
