Effects of High Interest Rates and Russian Oil Export Suspension on WTI Prices

West Texas Crude Oil (WTI) contracts in New York closed negative on Thursday (Sept. 21), with the market pressured by concerns that high interest rates could affect the economy and oil demand. However, WTI oil prices closed slightly lower. This was because news of Russia announcing the suspension of oil exports around the world was … Read more

Federal Reserve Signals Interest Rate Hike as Dow Jones Closes Negative

The Dow Jones New York Stock Exchange Index closed negative on Wednesday (Sept. 20) after the Federal Reserve (Fed) decided to maintain interest rates as expected at its latest meeting. But it signaled another interest rate hike this year. Because the Fed is not yet finished with its mission to fight inflation. The Dow Jones … Read more

US Stock Market Update: Dow Jones Ends Lower, Nasdaq Rises on Fed Interest Rate Expectations

The Dow Jones New York Stock Exchange ended lower on Thursday (Aug. 31), while the Nasdaq closed in positive territory for a fifth straight day after the US released inflation data that was in line with analysts’ expectations. This supported expectations that the US Federal Reserve (Fed) will stop raising interest rates. While investors keep … Read more

Dow Jones and S&P 500 Rise as US Job Openings Fall, Fed Interest Rates Expected to Hold

The Dow Jones New York Stock Exchange closed higher on Tuesday (Aug. 29), while the S&P 500 and the Nasdaq each closed more than 1% higher after US job openings fell for the third straight month. Factors driving expectations that the US Federal Reserve (Fed) will stop raising interest rates. The Dow Jones Industrial Average … Read more

US Federal Reserve Member Neel Kashkari Talks Rising Interest Rates and Inflation Outlook

US Federal Reserve Member Neel Kashkari Talks Rising Interest Rates and Inflation Outlook

It is too early to declare victory and end the cycle of rising interest rates, a member of the US Federal Reserve (Fed) said on Tuesday, while acknowledging that inflation was now moving in the right direction. “I’m not ready to announce that we’re done but I see positive signsMinneapolis branch president Neel Kashkari said … Read more

Rising Demand for Bank Loans in Ireland Despite Interest Rate Hikes

Rising Demand for Bank Loans in Ireland Despite Interest Rate Hikes

DUBLIN – Despite interest rate hikes in Ireland, the number of people taking out bank loans is soaring. According to figures released by the Banking and Payments Federation Ireland (BPFI), 49,236 people took out personal loans in the first three months of 2023. This is an increase of 27.8% compared to the first three months … Read more

Gold Prices Recover Slightly After Strong US Economic Data Triggers Sell-Off

Gold Prices Recover Slightly After Strong US Economic Data Triggers Sell-Off

Gold prices are recovering slightly from their lowest levels in two weeks, after strong US economic data triggered a sell-off in the previous session. Gold rose in instant transactions by 0.3%, recording $ 1950.84 an ounce. Gold prices recovered today, Friday, slightly from their lowest levels in two weeks, after strong US economic data caused … Read more

COFIX Continues to Rise, Increasing Interest Burden on Bank Loan Borrowers

COFIX Continues to Rise, Increasing Interest Burden on Bank Loan Borrowers

[인포스탁데일리=김영택 기자] The COFIX, which is an indicator of variable interest rates on mortgage loans, continues to rise. As a result, interest rates on bank loan products have also risen, which has increased the interest burden of borrowers. The Korea Federation of Banks announced today that the new handling amount Cofix in June was 3.70%, … Read more

The Impact of Interest Rate Hike on Mortgage Housing Owners in Britain: Perspectives and Concerns

The Impact of Interest Rate Hike on Mortgage Housing Owners in Britain: Perspectives and Concerns

A state of anxiety afflicts the owners of mortgage housing in Britain whenever the Bank of England raises interest rates in an effort to reduce inflation. There was a lot of talk about the disastrous picture of banks confiscating housing due to the inability of their owners to pay their monthly installments. Nothing has happened … Read more