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Federal Reserve Raises Interest Rates to 22-Year High
Business

Federal Reserve Raises Interest Rates to 22-Year High

Officials have slowed the pace of increases this year but aren’t sure they have fully tackled inflation. Source link

Russia Boosts Rates as Ukraine War Costs Mount
Business

Russia Boosts Rates as Ukraine War Costs Mount

The full percentage point rise comes as a falling ruble, soaring wages and debt-fueled state spending reignite inflationary pressures. Source link

Insurers Aim to Boost Rates
Business

Facing Big Storm Losses, Insurers Aim to Boost Rates

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.

Insurers Aim to Boost Rates
Finances

Insurers Aim to Boost Rates

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.

Home Sales Fall Amid High Mortgage Rates, Low Supply
Business

Home Sales Fall Amid High Mortgage Rates, Low Supply

Existing home sales, which make up most of the housing market, decreased 3.3% in June from the prior month to a seasonally adjusted annual rate

No let up for world stocks as banking worries persist By Reuters
Finances

South Africa’s central bank holds rates as economy improves By Reuters

© Reuters. FILE PHOTO: The logo of South Africa’s central reserve bank is seen during the delivery of a keynote address by South Africa’s central

JPMorgan ups Turkey inflation, growth forecasts after rates decision By Reuters
Finances

JPMorgan ups Turkey inflation, growth forecasts after rates decision By Reuters

© Reuters. People shop at a fresh market in Istanbul, Turkey July 5, 2023. REUTERS/Dilara Senkaya/File Photo LONDON (Reuters) – Wall Street bank JPMorgan (NYSE:)

Nervousness over banks sends euro 1% lower despite PMI By Reuters
Finances

ECB to raise rates by 25 basis points in July, slim majority say Sept too By Reuters

© Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 5, 2020. REUTERS/Yves Herman/File Photo By Prerana Bhat

No let up for world stocks as banking worries persist By Reuters
Finances

Bank Indonesia rates on hold for rest of year, cut in Q1 2024

© Reuters. FILE PHOTO: Bank Indonesia’s logo is seen at Bank Indonesia headquarters in Jakarta, Indonesia, September 2, 2020. REUTERS/Ajeng Dinar Ulfiana/File Photo By Veronica