Interest rates surged on Wednesday by much more than the Federal Reserve probably would have liked. The Fed concluded its two-day Open Market Committee policy meeting by announcing another one quarter of a percentage point increase in its federal funds rate. That’s the sixth 0.25 percent hike in the current cycle that started in 2015....

BING NEWS:
  • MARK-TO-MARKET: Fed signals caution on lowering interest rates
    One of its main tools in this endeavor is to adjust the benchmark fed funds rate, which serves as a basis for many types of consumer and business debt ... was even more optimistic, projecting ...
    04/20/2024 - 11:02 pm | View Link
  • Pound Sterling falls back as upbeat US Retail Sales strengthen US Dollar
    The Pound Sterling (GBP) shows a modest recovery against the US Dollar in Monday’s London session. However, the near-term demand of the GBP/USD pair remains downbeat due to deepening Middle East ...
    04/15/2024 - 3:26 am | View Link
  • Weekly Commentary: Trouble Brewing In Financial Asset Wonderland
    The Fed's misguided dovish pivot unleashed precariously loose market conditions, stoking wild speculative excess while ensuring inflation became deeply embedded.
    04/12/2024 - 11:56 pm | View Link
  • Investors wrongfooted as ‘higher for longer’ rates return to haunt markets
    The average investment-grade US bond spread is now hovering around its tightest, or lowest, level since September 2021, six months before the Fed started raising interest rates. The high-yield, or ...
    04/12/2024 - 4:00 pm | View Link
  • Here's how Canada has allocated the tens of billions of dollars in new spending on defence
    Announced Monday by Prime Minister Justin Trudeau at Canadian Forces Base Trenton in Ontario, the spending is expected to total just over $8 billion over the next five years and $73 billion in the ...
    04/8/2024 - 11:07 am | View Link
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