To supplies due to conflict calmed down a day after saudi arabia pledged to stabilise the market. The neck he is up to. 6 this morning. 1. 2 mac 6 the central bank said it might hold steady on another Interest Rate hike as well. Federal reserve officials are embracing the higher for longer strategy. Thats according to the newly released minutes in the september meeting. The readout shows while people are divided on whether the Us Central Bank will hike rates before the year is out, theyve seen it has spill over effects in Financial Markets everywhere. Higher rates make it more expensive for americans to take out a loan on a house or a car and makes it more expensive for businesses to borrow money through loans or lines of credit, all of which slows growth. Meanwhile, the interest paid on Us Government bonds is also moving toward its highest levels in more than 15 years. That could end up having the same effect as a Fed Rate Hike without the fed having to act. During that september meet
With not enough young people prepared to take up the craft. We start here in the uk with a warning that soaring Interest Rates could be increasing social inequality and widening the gap between the haves and have nots. Thats according to one of the bank of englands Policy Makers who has been speaking exclusively to the bbc. Dr Swati Dhingra has been on the Banks Monetary Policy Committee since august of last year, and has voted against raising Interest Rates at seven of its last nine meetings. It comes as official figures out shortly are expected to confirm the Uk Economy Stagnated in august, after a surprise decline onjuly. Dr dhingra suggests the steep rise in Borrowing Costs could be pushing the uk into recession as she explained to our chief economics correspondent, dharshini david. The reason why the rates have been raised is because of the kind of price increases we are seeing which is energy and food. Those will typically contact poorer people more and the Interest Rate also typ
Supplies due to conflict calmed down ade after a day after saudi arabia pledged to stabilise the market. The markets in australia, are following wall street s lead. The central bank said it might hold steady on another Interest Rate hike as well. Rate hike as well. Federal reserve rate hike as well. Federal reserve officials rate hike as well. Federal reserve officials are rate hike as well. Federal reserve officials are embracing the higherfor longer reserve officials are embracing the higher for longer strategy. Thats according to the newly released minutes in the september meeting. The readout shows while people are divided on whether the us Central Rate Hike will happen before the year is out, they seem it has spill over effects in Financial Markets everywhere. Higher rates make it more expensive for americans to take out a loan on a house or a car and makes it more expensive for businesses to borrow through loans or lines of credit, all of which slows growth. Meanwhile, the inter
A day after top opec producer saudi arabia pledged to help stabilise the market. Overnight, the wall street major indices closed higher, the Us Central Bank has hinted it might hold steady on another Interest Rate hike as well. Federal reserve officials are embracing the higherfor Federal Reserve officials are embracing the higher for longer strategy, according to the newly released minutes from their september meeting. It shows that while officials are divided on the question of whether the Us Central Bank will hike Interest Rates again before the year is out, they all seem to think rates will remain high for some time. What the fed decides to taste the cost of borrowing in the us and has spill over for markets anywhere. Higher rates make it more expensive for americans to take out a house loan or a car loan and makes it more expensive for businesses to borrow money, which all slows growth. Meanwhile, the interest paid on Us Government bonds is moving towards its highest levels in mor