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The Latest Breaking News from Interest Rates

US economic growth likely slowed in January-March quarter

Despite surging interest rates, punishing inflation and global turbulence, the U.S. economy stood firm last year

The Independent UK

Offo sees slight dip in global oil prices

Global oil prices are expected to fall slightly as central banks continue to raise interest rates to tame high inflation, says the Oil Fuel Fund Office (Offo).

Bangkok Post

Dollar Falls on U.S. Bank Concerns

The dollar index (DXY00 ) on Wednesday fell by -0.39%. The dollar on Wednesday dropped to a 1-1/2 week low on concerns that the ongoing U.S. banking turmoil will prompt the Fed to stop raising interest rates. Also, Wednesday’s U.S. Mar capital goods new orders report was weaker-than-expected and weighed...

Barchart

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How is the New Physical Lumber Contract Doing?

The random-length lumber futures contract has faded into history, and the smaller physical contract is now the only route for hedging and speculation in the wood market. Over the past weeks, physical lumber futures have traded around the $500 per 1,000 board feet level, but the new contracts have attracted…

Barchart

Expert rips apart Bank of England economist's 'accept being poorer' claim

THE claim by the Bank of England's top economist that people in the UK need to accept they are poorer is part of a “conspiracy is against working…

The National (Scotland)

Inflation has fallen, but one or two more interest-rate rises are still likely

Australia’s inflation rate has fallen from its 30-year high of 7.8% in the December quarter of 2022 to 7.0% in the March quarter of 2023. But it’s still likely the Reserve Bank of Australia will push up interest rates again before the end of the year to drive inflation back…

The Conversation

Quarterly inflation is expected to ease, but the Reserve Bank may still lift interest rates

Even if inflation eases, a leading economist and strategist believes today's consumer price index figures will give the Reserve Bank of Australia reason to resume its rate-hiking cycle at its next meeting.

ABC News

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Former Northern Rock mortgage holder in Bristol seeking legal action over high rates

She bought her Hartcliffe property for £120,000, but her mortgage was with Northern Rock

Bristol Post

Duke of Westminster’s property firm pays £50m dividend despite profits drop

Boss of Grosvenor, which owns swathes of Mayfair and Belgravia, warns of ‘more pain’ for commercial property market

The Guardian - UK

Oil Prices Stable as Investors Ponder China Demand, Rate Hikes

Oil prices held steady on Tuesday as investors weighed strong holiday travel in China that could boost fuel demand against the prospect of rising interest rates elsewhere, slowing economic growth. Brent crude fell 3 cents to $82.70 a barrel at 0620 GMT, while US West Texas Intermediate crude also eased…

Asharq Al-Awsat

The Dollar Index-Going Nowhere Fast

The dollar index is a mirage as it only measures the U.S. dollar’s value against the other world reserve currencies. Reserve currencies are freely exchangeable, and while they move higher and lower against each other in a free and transparent global foreign exchange marketplace, governments and monetary authorities routinely intervene…

Barchart

Stocks Set to Open Lower as Investors Await Big Tech Earnings, Economic Data

June S&P 500 futures (ESM23) are down -0.21%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.18% this morning as market participants geared up for earnings results from some of the biggest tech heavyweights as well as U.S. economic data that could shed more light on the future path…

Barchart

Oil Prices Slide on Uncertainty over Global Economic Outlook, Rate Hikes

Oil prices fell on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 75 cents, or 0.92%, to $80.91 a barrel by 0409 GMT, while US West Texas…

Asharq Al-Awsat

The criticisms behind the Reserve Bank review's recommendations for a new board, updated mandate

The Reserve Bank review wants to remove economic prosperity as an objective of monetary policy, with some economists arguing house prices and household debt are outside its domain.

ABC News

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The Guardian - UK

Banks line up to reassure investors as season of turbulence subsides

First-quarter results for the UK’s big four will vary by exposure to volatile markets, but the boost from high interest rates won’t last

ABC News

North Queensland feels brunt of new home construction slump

Growing uncertainty over inflation, rising interest rates and changes to the building code have been blamed for North Queensland having the worst dip in new housing builds across the state.

Bangkok Post

Loan sharks arrested for 304% annual interest

Two people have been arrested for running illegal money lending services with interest rates as high as 304% per year during a raid on a house in Pathum Thani’s Khlong Luang district.

The New Daily

Michael Pascoe: The fallacy at the heart of the Reserve Bank of Australia review

Instead of tackling the fallacy and lie, the review came up with this: 'There should be increased joint work between Treasury and the RBA'.

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news in one place.

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Evening Standard

Strong business survey lifts the gloom after disappointing retail sales

The mixed statistical messages will make it even harder for the Bank of England’s Monetary Policy Committee to make its decision on interest rates

The News Lens

Taiwan’s Housing Crisis (Part 2): Taiwan's Housing Prices Have Grown Faster than Most Advanced Countries, But Its Economy Has Not

Since 1985, Taiwan’s real estate profits have grown by nearly 40 times, but the minimum wage has not even grown by four times. If the minimum wage had grown as quickly as real estate profits, it would have been close to NT$230,000 a month today.

Daily Mirror

Banks could be FORCED to up interest rates for savers under new rules

Banks have been slammed over the last year for their slow response in increasing their interest rates for savers alongside the Bank of England rises

The New Daily

Consumer watchdog turns up heat on banks over savings rates

The ACCC is turning the spotlight on banks over interest rates – especially those paid to savers as borrowers are increasingly slugged.

StockNews.com

2 REITs Investors Might Be Better off Avoiding This Week

The real estate industry is grappling with various headwinds, such as higher interest rates and debt costs, making raising capital and building new assets more expensive and challenging for REITs. Thus, investors might steer clear of fundamentally weak REITs Digital Realty Trust (DLR) and Alexandria Real Estate Equities (ARE) this…

ABC News

Does everyone welcome the Reserve Bank overhaul?

Economists have welcomed many of the proposed changes to the Reserve Bank of Australia, but some have raised concerns.

The Guardian - AU

A singular focus on interest rates, fresher board, fewer meetings – but what else could change at the RBA?

The Reserve Bank overhaul won’t fix mistakes of the past, but that’s not the point, analysts say

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