HomeTagsInterest Rate Hike

Tag: Interest Rate Hike

Fed Chairman Jerome Powell Says There Will Be No Interest Rate Cuts Soon

There has been an overwhelming optimism among investors that the Federal Reserve is done with its interest rate hikes, as recent stock market trends show. Some even believed that interest rate cuts could follow soon. However, that won't be the case, according to Fed...

Boston Fed President Warns That Further Rates Hikes Possible

Federal Reserve Bank of Boston President Susan Collins has warned that policymakers may still consider further rate hikes as inflation continues to cool. "In order to get back down to 2% in a reasonable amount of time we need to be patient and resolute, and...

Home Improvement Spending to Tank Amid High Interest Rates

Harvard University’s Joint Center for Housing Studies’ latest Leading Indicator of Remodeling Activity report projected total spending on home improvement and repairs to fall by 7.7% over the next four quarters to $452 billion. High interest rates, paired with less savings are limiting homeowners'...

Bank of England Holds Rates at 15-Year High

The Bank of England decided to keep interest rates unchanged at 5.25% at its policy meeting on Thursday, keeping them at a 15-year high. The Monetary Policy Committee voted by a majority of 6-3 in favor of keeping rates unchanged, marking the second time...

Market Bets on Federal Reserve Pause Rise

Investors are raising bets that the Federal Reserve will keep interest rates unchanged at its November meetings. This comes after several Fed officials, including San Francisco Fed President Mary Daly, explained that the recent rise in government bonds has acted as a rate hike...

U.S. Inflation Expected to Persist, Force Interest Rates Higher for Longer

U.S. inflation is expected to continue rising on a monthly basis, confirming central bank policymakers' beliefs that interest rates will need to remain higher for longer. The consumer price index, excluding fuel and food, is expected to rise by 0.3% for a second month....