Powell: Fed will keep raising rates, but at slower pace

Federal Reserve Chair Jerome Powell said Wednesday the central bank will keep raising interest rates to fight inflation but at a slower pace, signaling a slow-down in rate hikes that have raised costs on new mortgages and car payments to slow the economy. In a Wednesday speech, Powell said that despite a recent slowdown in … Read more

Consumer debt jumps as credit card rates surge

U.S. household debt climbed at its fastest annual pace since 2008 in the third quarter, with credit card balances surging even as interest rates that lenders charge to consumers hit a multidecade high. Households added $351 billion in overall debt last quarter, taking the total to $16.5 trillion, according to data released by the Federal … Read more

Men’s sperm rates have more than halved since the 1970s

Plummeting sperm counts ‘threaten mankind’s survival’, researchers dramatically warned as we speak.  Counts have greater than halved for the reason that Nineteen Seventies.  And the decline has solely accelerated for the reason that flip of the century, based on a worldwide evaluation.  Scientists monitoring the info, taken from 50-plus international locations, mentioned ‘now we have … Read more

Home repossessions rise 15% in three months amid high mortgage rates

Home repossessions rose 15 percent between July and September this year compared to the three months before, as mortgage rates rose and the cost of living crisis put pressure on household budgets. In the third quarter of 2022, according to data from UK Finance, a total of 700 properties with mortgages were taken over. But … Read more

UK interest rates predicted to peak at 4.5% next year 

Interest rates predicted to peak at 4.5% next year – as Bank of England is forecast to go lower than feared By Daily Mail City & Finance Reporter Published: 16:50 EST, 10 November 2022 | Updated: 03:09 EST, 11 November 2022 Interest rates look set to peak at 4.5 per cent next year – far lower … Read more

New mortgage demand levels off as rates rise to 7.14% as housing market deteriorates rapidly

Mortgage rates in the US rose again this week after a small dip in late October to 7.14 percent – the highest rate the country has seen since 2001. The US housing market has moved dramatically this year as the Federal Reserve tightened monetary policy in a bid to curb inflation. The total number of … Read more

Hospital Rates Hit Decade-high And SEVENTEEN States Have ‘very High’ Infection Rates » WhatsNew2Day

The number of flu hospitalizations in America is at its highest level for this time of year in more than a decade, official statistics show. Seventeen states are already reporting “high” or “very high” hospital admissions, at levels not normally seen until late November or December. Alabama, South Carolina and Tennessee are the hardest hit, … Read more

Will raising interest rates reduce inflation? The Bank of England’s plan explained

The Bank of England has raised the base interest rate to its highest level for 14 years in an attempt to curb inflation. The increase, from 2.25 per cent to 3 per cent, will pile an average of £3,000 per year onto bills for households set to renew their mortgages, the Bank said. By making … Read more

Fed’s latest hike will push up mortgage rates

The Federal Reserve’s latest interest rate hike Wednesday of 0.75 percentage points is expected to intensify pressure on the housing market while pushing up mortgage rates that already have reached nearly 20-year highs. The interest hike announced Wednesday is the latest effort by the Fed to slow inflation by raising the cost of doing business. … Read more

The Fed just raised interest rates by another 0.75% — here’s what it means for you

The Federal Reserve recently raised interest rates by another 0.75%, bringing the federal funds rate to between 3.75% to 4.00%. This is the fourth consecutive three-quarters of a percentage point raise on interest rates and the sixth interest rate hike overall. These increases are part of an effort by the Fed to lower the inflation … Read more

Federal Reserve hikes interest rates by 75 basis points for fourth time this year

The Federal Reserve on Wednesday hiked interest rates by three-quarters of a percentage point, pressing even harder on the brakes of the economy in a scramble to slow inflation. The Federal Open Market Committee, the panel of Fed officials responsible for monetary policy, boosted the central bank’s baseline interest rate range to a span of … Read more

Brits face £880 increase in mortgage payments as interest rates to rise again this week

[ HOMEOWNERS with a tracker mortgage have been warned they face a huge hike in their repayments as the Bank of England is set to raise interest rates. The average bill is expected to rise by more than £880 a year from Thursday as the Bank of England (BoE) increases interest rates to three per … Read more

Will interest rates go up in November 2022? When the Bank of England makes its decision and what to expect

Britain is braced for an interest rate hike this week with forecasts it could be the biggest in more than 30 years. The Bank of England will announce its latest decision on interest rates this week along with its forecast for the UK economy. It is widely expected the interest rate will be increased to … Read more

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