The president of the Cleveland Federal Reserve welcomed “some easing” in U.S. inflation, but she also said the central bank needs to keep raising interest rates until price pressures dissipate Read more
Tag: Rates
Commerzbank profit and revenue beat forecasts, thanks to higher rates, strong consumer business
Commerzbank AG said Wednesday that rising rates and strong customer business helped it to expectations-beating profit and revenue for the third quarter, despite high one-off costs in Poland. Germany’s second-largest Read more
Who really suffers when interest rates rise?
The Federal Reserve is raised interest rates by 75 basis points on Nov. 2 for the fourth consecutive time in its efforts to cool a hot economy. Federal Reserve Chairman Read more
Home-buying sentiment hits all-time low, as mortgage rates surpass 7%, Fannie Mae says
Home shoppers have been so put off by elevated home prices and mortgage rates that buying sentiment has hit an all-time low, Fannie Mae FNMA, +1.03% said. The agency on Read more
The auto market was already reeling; now higher interest rates mean only the wealthy can afford a new car
The Fed is making new cars something only the wealthy can afford. The Fed has moved the rate by a total increase of 375 basis points this year — a Read more
New stock-market lows ahead? What investors need to know as Fed signals rates will be higher for longer.
Federal Reserve Chairman Jerome Powell sent a clear signal interest rates will move higher and stay there longer than previously anticipated. Investors wonder if that means new lows for the Read more
Dow skids 500 points, stocks end sharply lower after Fed increases rates and signals restrictive steps for longer
U.S. stocks gave up earlier gains to end sharply lower Wednesday, after the Federal Reserve fired off its fourth rate increase of 75 basis points in a row and signaled Read more
Shipping giant A.P. Moeller-Maersk says it’s clear that freight rates have peaked
Shipping giant A.P. Moeller-Maersk on Wednesday said it’s clear that freight rates have peaked as it produced another surge in third-quarter profit. The company MAERSK.B, -6.13% AMKBY, +1.53% said its Read more
Shipping giant A.P. Moeller-Maersk says it’s clear that freight rates have peaked
Shipping giant A.P. Moeller-Maersk on Wednesday said it’s clear that freight rates have peaked as it produced another surge in third-quarter profit. The company MAERSK.B, -5.48% AMKBY, +1.53% said its Read more
Stocks post back-to-back losses Tuesday ahead of Fed decision on interest rates
U.S. stocks finished lower Tuesday for a second straight session, with risk appetite waning a day before the conclusion of a two-day Federal Reserve meeting that is expected to produce Read more