Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600…
Fed Chair Powell testifying to House on Wednesday. What investors are expecting
Federal Reserve Chairman Jerome Powell heads to Capitol Hill on Wednesday with markets intent on getting more clarity about how…
Turkish annual inflation soars to 67% in February
Turkish annual consumer price inflation soared to 67.07% in February, the Turkish Statistical Institute said Monday, coming in above expectations.…
This shift in the Treasury market may set investors up for solid gains
Investor sentiment toward intermediate-term Treasury bonds may be changing. Schwab Asset Management’s David Botset is seeing more flows into bonds…
Credit card interest rates are at record highs. Cards have ‘never been this expensive,’ CFPB says
Credit card interest rates have ballooned to record highs in recent years — and the growing portion of the formula…
Turkey ends hiking cycle after 8 months, holding key rate at 45%
Turkey’s central bank held its key interest rate on Thursday, keeping it at 45% despite soaring inflation after eight consecutive…
Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show
WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates…
Bank of England rate cuts likely later but larger, Goldman Sachs says
The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected…
Fed Governor Kugler backs caution on rates; Kashkari expects only two or three cuts
Federal Reserve Governor Adriana Kugler said Wednesday inflation is showing solid signs of slowing down, but she is not ready…
Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Interest rates running at their highest levels in about 23 years are not hurting the economy and could buy policymakers…
