Category: rates
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Fed’s Daly says its time to consider trimming rates
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San Francisco Federal Reserve President Mary Daly said the Federal Open Market Committee needs to take a gradual approach to lowering borrowing costs. Financial Times front page: The Financial Times is closed, but here’s a very brief summary of the report on the interview: Daly calls for ‘wise’ approach to…
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How Interest Rates are Impacting the Rental Market
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The nature of the real estate market is constantly changing, even a small increase in interest rates sends reverberations throughout the market. This makes it essential to understand the relationship between interest rates, rental rates and occupancy levels. We also prefer to buy supplements from reliable and authentic sources such…
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Expert explains why central banks are cutting rates By Investing.com
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In the current economic climate, central banks around the world are considering or are already cutting interest rates. This decision is not without controversy, with some critics arguing that such moves may be ineffective in preventing recession or even exacerbate economic problems. However, as economists at TS Lombard have argued,…
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Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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Bitcoin Bears in Control? Record Low Funding Rates on Binance Signal Market Shift
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Meet Samuel Ideyemi, nicknamed HIM-buktu. A web3 content writer, journalist, and aspiring trader, Ideyemi is a multi-talented person. With his flair for words and sense of trends, he has written for several industry players, including AMBCrypto, Blockchain.News, Blockchain Reporter, and more. Edemi’s adventure into the world of cryptocurrencies was cinematic.…
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The Fed will only cut rates once this year because the US economy is too strong, market vet says
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U.S. Federal Reserve Chairman Jerome Powell speaks during a Senate Banking, Housing and Urban Affairs Committee hearing on the semiannual monetary policy report to Congress at the U.S. Capitol on July 9, 2024 in Washington, D.C. Powell was quoted as saying in previous remarks, “We want to be more confident…
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ABN Amro lifts full-year interest income outlook on higher rates By Reuters
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By Leo Marchandon and Matteo Allevi (Reuters) – Dutch bank ABN Amro on Wednesday raised its full-year net interest income forecast to 6.4 billion euros ($6.98 billion) after beating second-quarter estimates, sending its shares up 3 percent. ABN Amro’s previous forecast of €6.3 billion was in line with 2023 levels.…
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Weekly update on interest rates expectations
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Interest rate cuts by year-end Fed: 125bp (96% chance of 50bp rate cut at next meeting) ECB: 75 basis points (97% chance of rate cut at next meeting) Bank of England: 53bp (57% chance of no change at next meeting) Bank of Canada: 80 basis points (77% chance of rate…
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FCR reports solid Q2 with record rental rates and growth By Investing.com
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In the second quarter of 2024, First Capital Realty (FCR) showcased a strong financial and operating performance with a 50% increase in lease transactions compared to the previous quarter, setting a record average net rental rate of $23.73. They successfully issued CAD 300 million in bonds, and their net asset…
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FCR reports solid Q2 with record rental rates and growth By Investing.com
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In the second quarter of 2024, First Capital Realty (FCR) showcased a strong financial and operating performance with a 50% increase in lease transactions compared to the previous quarter, setting a record average net rental rate of $23.73. They successfully issued CAD 300 million in bonds, and their net asset…
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Bank of England cuts interest rates to 5% in first reduction since 2020
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The Bank of England has cut interest rates for the first time in more than four years, providing much-needed relief to millions of homeowners and families still struggling with the high cost of living. In a controversial decision announced at midday, the nine-member Monetary Policy Committee voted 5-4 to cut…
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Fed Kept Its Interest Rates Steady But Strongly Hinted At A September Rate Cut
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As expected, the US Federal Reserve kept its target interest rate range at a 23-year high of 5.25%-5.50% in July. The Federal Reserve Bank indicated in its statement the following: Job gains “It has been modified,” a change from the previous statement that said it “remains strong.” the Unemployment rate…
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BOJ Unexpectedly Hiked Rates by 0.15% While Unanimously Voting to Taper Bond Purchases
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The Bank of Japan surprised markets when it announced its decision to raise interest rates by 0.15% from The post BOJ Unexpectedly Hiked Rates by 0.15% While Unanimously Voting to Taper Bond Purchases first appeared on Investorempires.com.
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5 reasons the Bank of Japan should be wary of hiking rates this week
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Via Scotia, Preview Comments on What to Expect from the Bank of Japan. Of the 46 consensus forecasters, only 9 expect a rate hike. Markets are pricing in a 10 basis point rate hike, which has been around 70% with pricing around 7 basis points. The argument for raising interest…
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Monday morning open levels, indicative FX rates 29 July – little changed from late Friday
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Kenya Railways dangles lounge, meals in SGR premium rates
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Kenya Railways (KR) is set to introduce premium class seats on its Standard Gauge (SGR) passenger trains in the next two weeks, charging customers up to three times the fare it currently charges for first class carriages on the Madaraka Express between Nairobi and Mombasa. The services, which will be…
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Unit trusts pile into bank deposits on higher rates
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Collective investment schemes tripled their share of assets under management in the form of cash and demand deposits to Sh35.3 billion in the 12 months to March 2024, chasing high interest rates on deposits offered by liquidity-starved banks. New data on investment fund assets released by the Capital Markets Authority…
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CNH is lower to open the week after the PBOC cut rates
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The People’s Bank of China cut interest rates today: The People’s Bank of China announced cutting the 7-day reverse repurchase rate to 1.70% from 1.80%. The last seven-day federal funds rate cut was in August 2023, when it also cut the seven-day federal funds rate. None of them were cut…