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July 4, 2022

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Canadian inflation expectations bolster case for supersize rate hike

Reuters
A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com Register OTTAWA, July 4 (Reuters) – Consumer inflation expectations surged in Canada, hitting fresh highs in the short-term and up “significantly” over......

Malaysia central bank to hike rates again in July and September- Reuters Poll

Reuters
A man walks past the entrance of Central Bank of Malaysia (Bank Negara Malaysia) in Kuala Lumpur, Malaysia, July 31, 2019. REUTERS/Lim Huey Teng Register now for FREE unlimited access to Reuters.com Register All economists expect BNM to raise rates to 2.25% Decision due at 0700 GMT on Wednesday, July......

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

CNBC
CNBC – For more and to sign up click here The ECB has announced it will be hiking rates in July and September to counter record inflation. Daniel Roland | Afp | Getty Images Euro zone inflation reached a new record high in June just ahead of the European Central......

OPEC+ sticks with planned oil production hike as supply concerns weigh on energy markets

CNBC
CNBC – For more and to sign up click here OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020. Mazen Mahdi | Afp | Getty Images A group of some of the world’s most powerful oil producers......

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

CNBC
CNBC – For more and to sign up click here Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. Lucas Jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday......

European Central Bank member Holzmann says there’s ample room to hike to cool surging inflation

CNBC
CNBC – For more and to sign up click here The ECB is heading to a critical meeting in July with a rate rise expected and investors awaiting details of its new fragmentation tool. Daniel Roland | Afp | Getty Images A member of the European Central Bank told CNBC......

Norway announces 50 basis point hike to interest rates, largest for 20 years

CNBC
CNBC – For more and to sign up click here Norway’s central bank, also known as Norges Bank, in Oslo, Norway. Kristian Helgesen/Bloomberg | Bloomberg | Getty Images Norway’s central bank announced a 50-basis-point hike to its benchmark interest rate on Thursday, the country’s largest single increase since 2002. The......

Fed’s Waller backs another big rate hike for ‘all in’ inflation fight

Reuters
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register June 18 (Reuters) – Federal Reserve Governor Christopher Waller on Saturday became the latest U.S. central banker to pledge......

Cost to finance a new car hits a record $656 per month — and auto shoppers could pay even more with latest Fed rate hike

CNBC
CNBC – For more and to sign up click here Fg Trade | Istock | Getty Images For consumers in search of an affordable new car, there’s little relief on the horizon. The monthly costs to finance a vehicle purchase have hit record highs. Consumers face monthly payments averaging $656......

Mike Pence and January 6th, Ukraine Latest, Fed Rate Hike : Up First

NPR
NPR The January 6 panel today looks at how President Trump pressured Mike Pence to reject the 2020 election results. As Russia tightens hold of Ukraine’s Donbas region, civilians are evacuating the only home they’ve ever known. And the Federal Reserve announced a ¾ percent interest rate hike. NPR –......

Asian shares fall as Fed hike relief rally fizzles

Reuters
People wearing protective masks, amid the coronavirus disease (COVID-19) outbreak, are reflected on an electronic board displaying Japan’s stock prices outside a brokerage in Tokyo, Japan, October 5, 2021. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register MSCI Asia ex-Japan -0.46% as early gains erased; Nikkei +0.4%......

Worried about the Fed’s latest rate hike? Here’s what advisors say about managing your money

CNBC
CNBC – For more and to sign up click here The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Sarah Silbiger | Reuters While the market moves are positive for investors, they are still dealing with a complicated backdrop that’s likely to continue to whiplash asset prices going......

Fed unveils biggest rate hike since 1994, flags slowing economy

Reuters
Central bank lifts policy rate to range of 1.5% to 1.75% Fed cuts growth projection, sees rising unemployment WASHINGTON, June 15 (Reuters) – The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation, and projected a slowing......

Fed raises interest rates in biggest hike since 1994: Here are 2 moves to make with your money

CNBC
CNBC – For more and to sign up click here In its increasingly urgent battle with skyrocketing inflation, the Federal Reserve on Wednesday announced its biggest interest rate hike in more than a quarter century. The Fed is raising benchmark interest rates three-quarters of a percentage point — the largest......

Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you

CNBC Real Estate
The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday in an effort to quell runaway inflation. “The motivation for all of this is that prices are going up,” said Chester Spatt, a professor......

Bank of England set for fifth straight rate hike as growth and the pound wobble

CNBC
CNBC – For more and to sign up click here BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England is expected to hike interest rates for the fifth consecutive monetary......

Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years

CNBC
CNBC – For more and to sign up click here US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images The Federal Reserve on Wednesday is expected to do something it hasn’t done in 28......

Stock futures rise as investors brace for a big Fed rate hike

CNBC
CNBC – For more and to sign up click here Stock futures rose in early morning trading on Wednesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average were up 160 points, or 0.53%. S&P 500 futures edged up......

Jeremy Siegel says 100 basis point rate hike is ‘medicine to stop this inflation’

CNBC
CNBC – For more and to sign up click here Wharton’s Jeremy Siegel is calling for a 100 basis point rate hike, and says markets may be “close to the bottom.” A 100 basis point rate hike by the Federal Reserve on Wednesday will be “medicine to stop this inflation,” the......

U.S. rate markets price in aggressive 75-bps hike on Wednesday

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 13, 2022. REUTERS/Brendan McDermid/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON/NEW YORK, June 14 (Reuters) – Investors have dramatically raised their bets that the U.S. Federal Reserve will......

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