Focus
interest rates
One in 20 Mortgage Holders Spending More Than They Earn, RBA Report Finds
The Reserve Bank says households are surviving its repeated interest rate rises, but three percent of owner occupiers are now in a serious financial trouble.
Half of Loan Applicants Rejected Since Fed Started Raising Rates
Lenders anticipate loan demand to grow on expectations of lower interest rates.
Top Wall Street Economist Thinks Fed Won’t Cut Rates in 2024
A mix of stubborn inflation and solid economic growth renews Federal Reserve policy debate.
IRS Reveals Interest Rates for Underpayment of Taxes for Q2 2024
Interest rates for underpayment and overpayment of taxes for the second quarter of 2024 have been announced by the IRS.
Fed Cautious About Cutting Rates Too Soon as Inflation Progress Could Stall: Minutes
The U.S. financial system’s ‘vulnerabilities’ were ’notable,' Fed policymakers said.
Inflation Hotter Than Expected at 3.1 Percent; Price Pressures Remain High
Inflation has eased to 3.1 percent, but the month-over-month data shows inflationary pressures remain elevated.
Federal Reserve Officials Signal Not in Hurry to Cut Interest Rates
Fed officials want more confidence before starting the easing process.
Australia's Reserve Bank Holds Official Cash Rate at 4.35 Percent
The central bank cited the recent drops in inflation as the main reason for its decision.
Stocks Slump as Fed’s Powell Dismisses Swift Rate Cuts
Powell and his colleagues will not be persuaded by political pressure in an election year.
Bank of England Wary of Lowering Interest Rate, Holds It at 5.25 Percent
Economists predicted inflation to hit its 2 percent target as early as April, but said the slowdown won’t be consistent throughout the rest of the year.
A Soft Landing Is a Fairy Tale
The last time the phrase ’soft landing' was this popular on the internet was on the eve of the largest financial crisis the world has ever seen.
