Interest rates News
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New York City -
Anyone who knows the stock market will get wary when things are too good to be true. The stock market is on a binge of price rises, and some experts are already saying “look out”. Ironically, there's a potential major benefit here.
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Analysts at JPMorgan Chase & Co. have created the "Volfefe index" to gauge the impact of Donald Trump’s tweets on U.S. interest rates, which they say is on the rise.
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The Federal Reserve has raised interest rates for the fourth time this year. However, this is in response to market conditions, according to Peter Kendall and Steven Hochberg from Elliott Wave International.
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The Consumer Financial Protection Bureau (CFPB) has turned its big guns on the payday loan industry. The CFPB is proposing new regulations designed to protect consumers caught in a never-ending cycle of debt.
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Normally, the August jobs number is revised higher, not lower. Because of education related jobs and other variables, the August report has been notorious for upward revisions; typically at least 35,000 positions are added to the initial count. Not today.
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The Fed is still on hold.
On Thursday, the Federal Reserve kept its benchmark interest rates pegged at 0 percent-0.25 percent, where they’ve been since December 2008.
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Washington -
The first Federal Reserve interest rate increase since the financial crisis will likely occur in 2015, said Fed official Jerome Powell on Tuesday.
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Ottawa -
The Bank of Canada announced that it will be maintaining the overnight interest rate at a low 0.75. The bank rate will be one per cent and the rate on deposits 0.50 per cent.
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Sonoma -
Often times when people invest they do not pay much attention to interest rates unless the rates jump up real high or drop real low. Yet, financial advisors like Darren Blonkski of Edward Jones Investments believes people should take the time to learn.
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From Saturday April 26, new rules will apply for anyone wishing to take on a new mortgage in the UK. Prospective buyers will be quizzed on a number of personal lifestyle expenditures before a loan is granted.
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London -
News that unemployment in the UK is apparently falling is a mixed blessing. The Office of National Statistics, ONS, reports the jobless rate is down for the third quarter in a row to 7.6 percent, the lowest since 2009.
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Washington -
Since the collapse of the United States economy at the height of the Great Recession in 2007 and 2008, consumers and governments have given interest rates a bad reputation. Is it wrong to blame them?
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The Monetary Authority of Singapore censured banks for trying to rig benchmark interest rates. Many important, global banks are involved, but the consequences are insignificant.
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Ottawa -
Last quarter, the Canadian household debt ratio to disposable income rose to 165% slightly above the already alarming ratio of 164.7% the previous quarter.
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The governments of the world lurch from crisis to crisis as they try to prop up the corrupt, debt-based money system, but there is a positive alternative if they have the courage to take it.
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Ottawa -
A report issued in December 2012 indicated that the overall debt of Canadians had increased by 164 percent. A report released by TransUnion says that the personal debt load, not including mortgages,increased by six percent in the fourth quarter of 2012.
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Toronto -
Bank of Canada Governor Mark Carney delivered a speech to the Toronto CFA Society where he discussed guidance of central bank policies. Carney stressed the importance of transparency in monetary policy and the market’s response to the interest rates.
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Canberra -
The Reserve Bank of Australia has lowered its interest rate from 3.25% to 3% to help bolster the economy. This is the lowest interest rate level since 2009
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London -
The Governor of the Bank of England is paid a salary of over £300,000. For that sort of money, it might be expected he gets things right occasionally. Alas...
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According to a new study by RBC Bank, the Canadian housing market could be facing some major challenges in 2013 if interest rates begin to rise. For young adults these rates and the overall costs may be a factor for living with mom and dad.
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Sydney -
Globalization has revealed exactly how many idiots, elected and otherwise, there are in top echelons in business and government around the world. They insist on using old logic to solve new problems.
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Paris -
The Organization for Economic Co-operation and Development (OECD) published its latest report Tuesday, in which it notes of a "severe recession" due to the Eurozone crisis. It also urged Bank of Canada Governor Mark Carney to raise interest rates.
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Sydney -
Talk about ridiculous. The banks are borrowing from central banks at artificially low rates. They now want to reduce the rates paid on savings, as a result of issues created by their own mistakes.
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The Federal Reserve decided on Tuesday to continue the run of near-zero interest rates, choosing not to tamper with what some have called the beginning of an economic recovery.
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Sydney -
Economics is the science that got lost in itself and still can't find the way out. The theories, the principles and the machinery of a lost world are now still clanking on, ineffectually. The science bleats on as the machine falls to bits.
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Italy’s borrowing rates have gone way up after bond auctions took place on Friday. Now the country has been forced to pay record interest rates.
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President Obama announced changes to student loans on Wednesday, that will come into effect in January. However they will only apply to federal, rather than private student loans, and changes to the repayment program will only benefit the poorest.
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This morning the Bank of Canada kept interest rates steady but announced that rising inflation, the growing value of the Canadian dollar and an unexpectedly quick and healthy recovery would soon spell an end to historically low rates.
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Ottawa, Canada -- The Bank of Canada has announced that its key lending rate will remain unchanged at a record low 0.25 percent. Strong economic growth is cited as the prime reason.
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Ben Bernanke, Chairman of the U.S. Federal Reserve, said on Sunday that a lack of regulation, rather than low interest rates, was the main reason for the housing bubble which, when burst, was largely responsible for the recent global financial crisis.
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Interest rates Image
MasterCard and VISA credit cards are seen in this illustrative photo Bobby Yip / Reuters,
The Bank's Head Office / Siège de la Banque du Canada Bank of Canada
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