Rates for undergraduate loans could top 5 percent next school year, adding pressure on families already struggling to pay for college.
Category: Interest Rates
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Bank of England Raises Interest Rates to 4.5%, Highest Level in 15 Years
The central bank lifted its benchmark rate a quarter point, to 4.5 percent, as part of its aggressive policy to tame inflation, which has remained stubbornly high.
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Inflation Slowed in April, Marking 10th Month of Moderation
Price increases cooled, capping months of declines. The details held hints of hope.
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The Coin, the Constitution, Premium Bonds: The Debt Limit Workarounds
As Congress hurtles toward a debt limit showdown, ways to work around it are garnering attention.
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Financial Stability Experts at the Fed Turn a Wary Eye on Commercial Real Estate
A financial stability report from the Federal Reserve flagged concerns tied to rising interest rates, including in commercial real estate.
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The Week in Business: The 10th Straight Rate Increase
First Republic collapses, and some smaller banks are now facing pressure from investors. Job growth last month was stronger than expected. And debt ceiling talks are set.
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Wages Grow Steadily, Defying Fed’s Hopes as it Fights Inflation
Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.
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Wages Climb Rapidly, Defying Fed’s Hopes as it Fights Inflation
Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.
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U.S. employers added 253,000 jobs in April.
The unemployment rate fell to 3.4 percent as the labor market showed enduring strength.
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Powell Bets the Fed Can Slow Inflation Despite Recession Fears
Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.
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European Central Bank Raises Rates Again, but Only a Quarter Point
The bank said “underlying price pressures remain strong” in the eurozone, where the annual inflation rate reached 7 percent last month.