Tag Archives: Interest Rates

[ad_1] Hong Kong CNN  —  The yen plunged on Wednesday after the Bank of Japan decided to maintain its ultra-easy monetary policy, defying market expectations that rising inflation could force the central bank to move away from low interest rates. The BOJ kept its yield curve control (YCC) targets unchanged …

[ad_1] New York CNN  —  JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase …

[ad_1] Minneapolis CNN  —  The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics, capping a year of extraordinary job growth and marking the second-best year for the labor market in records that go back to 1939. The unemployment rate …

[ad_1] Washington, DC CNN  —  Mortgage rates inched up again last week, after a slight increase the week before interrupted six straight weeks of falling rates. The 30-year fixed-rate mortgage averaged 6.48% in the week ending January 5, up from 6.42% the week before, according to Freddie Mac. A year …

[ad_1] Minneapolis CNN  —  For a year that held promise of a return to normalcy, 2022 threw plenty of curve balls at the American consumer. Supply chains remained in disarray as ongoing snarls were drastically worsened by lockdowns in China and Russia’s invasion of Ukraine, average US gas prices shot …

[ad_1] New York CNN  —  America’s economy grew much faster than previously thought in the third quarter, a sign that the Federal Reserve’s battle to cool the economy to fight inflation t is having only limited impact. The Commerce Department’s final reading Thursday morning showed gross domestic product, the broadest …

[ad_1] A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  Weaker-than-expected retail sales in November pummeled market sentiment …

[ad_1] Minneapolis CNN  —  US retail sales fell sharply at the start of the holiday shopping season, dropping by 0.6% during the month of November, according to data released Thursday by the Commerce Department. Pullbacks in auto sales helped drive the decline — the largest monthly decrease seen all year …

[ad_1] With the Federal Reserve’s latest rate hike adding half a percentage point to the cost of debt capital and reaching its highest level in 15 years, the majority of small business loans will hit the double-digit interest level for the first time since 2007. The cost of taking out …

[ad_1] Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “Inflation has seen its peak this year, but it will still be above what we had been used to pre-pandemic …