Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt.
Category: Interest Rates
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What Fed Rate Increases Mean for Mortgages, Credit Cards and More
The New York Times – Business: -
Fed Faces Tough Decisions as Inflation Lingers and Economic Risks Loom
The New York Times – Business:The central bank is expected to raise rates three-quarters of a point today, but what it says about its next steps will be even more important.
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How the Treasury Market Predicts and Influence Interest Rates
The New York Times – Business:The market for U.S. government bonds, called the Treasury market, offers predictions on the path for interest rates and the economy.
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Corporate America Has a Message for the Fed About Inflation
The New York Times – Business:If Federal Reserve Chair Jerome H. Powell and his colleagues look at company earnings reports, these themes might catch their eye.
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Jerome Powell Is Popular. His War on Inflation Could Change That.
The New York Times – Business:Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.
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Inflation, GDP and the Economy: What We Learned This Week
The New York Times – Business:Fresh data on inflation and growth, and actions by policymakers , created a complex picture of the global economy.
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Bad News for the Fed As Inflation and Wages Continue to Climb Rapidly
The New York Times – Business:The Federal Reserve’s preferred inflation measure showed that price gains remained fast in September, and a gauge of wages it watches closely is climbing quickly.
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U.S. Mortgage Rates Soar Past 7%
The New York Times – Business:The average rate on 30-year mortgages — the most popular kind among Americans — rose to the highest level since 2002, tracking the Federal Reserve’s aggressive campaign of rate increases.
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US Economy Grew at 2.6% Annual Rate in Q3, GDP Report Shows
The New York Times – Business:Gross domestic product increased 0.6 percent after two quarters of decline, but key components continue to show an economic slowdown.
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European Central Bank Is Set to Raise Interest Rates Again
The New York Times – Business:Policymakers on Thursday are expected to approve a hefty rate increase to corral prices that have risen “far too high.”
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A Rising Dollar Is Hurting Other Currencies. Central Banks are Stepping In.
The New York Times – Business:The Federal Reserve’s interest rate hikes are unsettling global markets and prompting other central banks to prop up their domestic currencies.
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Rishi Sunak, New UK Prime Minister, Delays Economic Plan
The New York Times – Business:Mr. Sunak’s government, seeking more time to make the “right decisions,” will deliver its first economic plan on Nov. 17 instead of Monday.