Home Tags Interest Rate
Tag: Interest Rate
A rate hike in May is, in the words of bond market guru Mohamed El-Erian "far from a done deal."
The Federal Reserve hiked interest rates on Wednesday, which means bank's prime lending rates for things like credit card also went up.
The bank's Monetary Policy Committee backed leaving unchanged policy, but set the path for a rate hike in May.
Gold prices rose Wednesday after Federal Reserve officials raised its fed funds rate 25 basis points to a range between 1.50% and 1.75%.
Corporate and government borrowing reached a new high this year, leading to huge fees for investment banks.
Britain's consumer confidence sank to 109.3 in October from 106.6 in November.
You don't walk into a storm naked.
The BCC said in its Quarterly Economic Survey on Friday that economic growth is simply not strong enough right now to necessitate a Bank of England rate hike.
Bank stocks are mostly higher after the Fed announced moves that hint at a strong economy.
Investors in the currency haven taken heart from a hawkish shift in tone from the Bank of England.