Rate hikes Financial News

Most Federal Reserve officials last month still regarded high inflation as an ongoing threat that could require further interest rate increases, according to the minutes of their July 25-26 meeting

Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change, minutes released Wednesday from the session indicated.

By Howard Schneider

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A slowdown in homebuying activity is giving Canada’s housing market time to build up inventory, according to the country’s real estate association.

By Harry Robertson

Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its current rate-hiking cycle.

BNPL ventures have been facing growth challenges, said founders and other executives. Rising interest rates and narrower margins are among the main challenges. Rupifi, ePayLater and others in the online segment are feeling the heat, with eB2B marketplaces scaling down or tightening operations across categories.

(Reuters) — The U.S. Federal Reserve will likely need to raise interest rates further to bring down inflation, Governor Michelle Bowman said on Saturday.

Fisher Investments founder Ken Fisher discusses whether the U.S. credit downgrade is a big deal for Wall Street as markets sell off on 'Varney & Co.'

India mobile average revenue per user (ARPU) reported by Bharti Airtel for the fiscal first quarter has been aided by better subscriber mix with more postpaid customers added in the quarter, and the full impact of the entry level tariff interventions taken by the telco from November 2022 to March 2023, analysts said. Airtel’s ARPU for the quarter at Rs 200 beat street estimates of Rs 197, indicating that its premiumisation strategy is being executed effectively, they added. “Bharti’s 1Q performance is yet another indicator of its strong execution backed by an effective premiumisation strategy and cost control, that is yielding results in the form of market share gains, robust FCF (free cash flow) generation, and B/S (balance sheet) deleveraging, notwithstanding high ongoing capex,” analysts from Citi said.

The American economy has generated at least 200,000 new jobs for a record 30 straight months

Europe's economy has grown modestly after months of stagnation, but higher interest rates designed to fight inflation are casting a shadow as they make it more expensive for households and businesses to borrow, invest and spend. The 20 countries that use the euro currency and their 346 million people saw 0.3% growth in the April-to-June period, compared with the first three months of the year, the EU statistics agency Eurostat reported Monday. That's an improvement over zero growth in the first quarter and a slight decline in fourth quarter of last year — but not by much.

Another Monday, another week full of important figures and decisions that could affect your clients’ investment decisions.

Europe's economy is growing again — but not by much

US economy grew at a faster 2.4% rate in April-June quarter despite Fed rate hikes

Andy Haldane (pictured), former chief economist at the Bank of England, is seen as being one of the most dovish members of the council. Image: Bank of England

consumer spending and some forms of investment. Estimates shared by the Commerce Department showed unexpected resilience in the face of steadily rising interest rates as the Federal Reserve continues its fight against inflation.

Oil prices rose on Thursday as investors focused on expectations of tighter supplies from top oil producers, helping reverse earlier losses that were driven by worries that the hike in interest rates by the U.S. will hurt demand. The promise of economic stimulus in China, the world's second-biggest oil consumer, also lent support to the market.

FRANKFURT (Reuters) — Lending to euro zone companies slowed again last month, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and economic growth.

The Bank of Canada will not raise rates again and will start cutting a little later than previously anticipated, according to a survey of market participants released by the central bank on Monday.