Rate Rises

Latest News for: Rate rises

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Interest rate rise worries weigh on FTSE 100

The Times/The Sunday Times 01 Jun 2023

... interest rates if they want to bring down stubbornly high inflation ... Interest rate fears cast shadow over City ... Nearly 800 mortgage deals pulled as concerns rise over interest rates ... Interest rate ‘gives Hunt little room to cut taxes’.

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35.1% Of Oregon Adults Used Credit Cards for Basic Living Expenses, Below the U.S. Average

Victoria Advocate 01 Jun 2023

In addition, rising interest rates are making the cost of borrowing more expensive ... In a bid to rein in inflation, the Federal Reserve raised interest rates 10 times since March of 2022 ... The combination of high interest rates and rising costs has put American households in a challenging position.

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39.0% Of Pennsylvania Adults Used Credit Cards for Basic Living Expenses, 12th Most in the U.S.

Victoria Advocate 01 Jun 2023

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Washington ranks second in U.S. News’ list of best states

Longview News-Journal 01 Jun 2023

Washington’s unemployment rate has been rising since a low of 3.9% in June 2022. While the state’s unemployment declined from 4.6% in February to 4.3% in April, the forecast predicted a peak rate of 5% in 2024 ... Washington state also has one of the lowest resignation rates in the country, according to a WalletHub study.

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Stock market today: Wall Street slips as stocks slump worldwide

Citizen Tribune 01 Jun 2023

That raises worries when economies around the world are contending with still-high inflation and much higher interest rates than a year earlier ... Worries are also rising for the larger U.S. economy, which has slowed under the weight of much higher interest rates ... But high rates work by hurting the economy and hitting prices for investments.

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Difficulty affording basic living expenses and the use of credit cards to cover them is ...

Dispatch Argus 01 Jun 2023

The combination of high interest rates and ...

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Australia Shares Likely to Add to Losses at the Open

Wall Street Journal 01 Jun 2023

... further interest-rate rises.

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Impressive growth, but will it sustain?

Financial Express 01 Jun 2023

As consumption at the household level is still limited, the capacity utilisation rates are low and there is no compulsion to invest more ... GDP rises to 6.1% in Q4, FY23 clocks growth rate of 7.2% ... But, the housing component can be a bit wobbly, given the cost of borrowing has risen with the rate hikes.

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Most and least expensive cities for first-time buyers revealed

AOL 01 Jun 2023

This rises to two-thirds of ... “For those who are able to save up the deposit, it’s still cheaper to pay off a mortgage as a first-time buyer in many areas than pay the equivalent in monthly rent, despite prices reaching a new record at a national level and mortgage rates rising.

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Portrait of the week: Rishi Sunak defends Kathleen Stock, food prices rise and AI extinction warning

The Spectator 01 Jun 2023

Food prices continued to rise rapidly, according to the British Retail Consortium, by an annual rate of 15.4 per cent in May, compared with the even steeper rate of 15.7 per cent in April ... Banks and building societies withdrew more than 800 different mortgage packages, and mortgage interest rates crept up.

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Bret Stephens: Turkey’s election is a warning about Trump

Pioneer Press 01 Jun 2023

either to exercise it themselves or — much more mysteriously — to submit to it.” ... The president, they say, has spent 20 years in power tilting every conceivable scale in his favor ... Inflation last year hit 85% and is still running north of 40%, thanks to Erdogan’s insistence on cutting interest rates in the teeth of rising prices ... Silly me ... .

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Australia is going ‘cop another rate rise’ next week: Andrew Clennell

The Daily Telegraph Australia 31 May 2023

Sky News Political Editor Andrew Clennell says Australians are going to “cop another rate rise” next ...

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Australians expect to see another interest rate rise with inflation increase

The Daily Telegraph Australia 31 May 2023

... another interest rate rises “early next week” as inflation went up again today.

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Economists ‘don’t believe’ there’ll be a rate rise in June

The Daily Telegraph Australia 31 May 2023

Some economists don’t believe there’ll be a cash rate rise in ...

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Home prices may slump in euro zone as rates rise - ECB

RTE 31 May 2023

"Looking ahead, a fall in prices could become disorderly as rising interest rates on new mortgage lending increasingly compromise affordability and increase the interest burden on existing mortgages, especially in countries where variable-rate mortgages predominate," the ECB said.