Silver touched its highest price level since 2012 intrasessionally, while gold hit a new record high as expectations of additional rate cuts from the Federal Reserve boosted precious metals. Silver climbed as much as 2.8% to $32.71 an ounce, extending this year’s gain to 37%. Its advance came amid a broad rally in precious metals, … Read more
Washington. US President Joe Biden said on Thursday that the Federal Reserve’s (Fed, central bank) decision to lower interest rates was “an important sign” that inflation has decreased, adding that economic policies of Donald Trump failed in the past and will surely “fail again” if they are reactivated. “Reducing interest rates is not a declaration … Read more
China’s central bank on Tuesday announced new measures to stimulate the economy such as a reduction in liquid deposits, which banks must hold as reserves; and a reduction in the prime interest rate. Almost two years after the lifting of the preventive measures against covid, the second largest economy in the world has not yet … Read more
LONDON, Sept 24 (Reuters) – The Bank of England should be able to cut interest rates gradually as it gains confidence that inflation will remain close to its 2 percent target, Bank of England Governor Andrew Bailey said in an interview published on Tuesday. Bailey said he was “very encouraged” by the downward trajectory of … Read more
Tulúm, QRoo. The high interest rates that prevailed in the country for a prolonged period of time had an impact on the profit margins of Multiple Purpose Financial Companies, non-banking intermediaries responsible for granting their first loan to 6 out of 10 small and medium-sized companies in the country, said Emanuel González, president of the … Read more
For the second time in the current cycle of monetary policy easing, the European Central Bank cut interest rates, confirming market expectations. In particular, as stated in the relevant announcement, the Board of Directors decided today to reduce the interest rate on the deposit acceptance facility – the interest rate through which it gives the … Read more
By David Lawder WASHINGTON, Sept 12 (Reuters) – The US budget deficit will reach $1.897 trillion in the first 11 months of the 2024 fiscal year, the Treasury Department reported on Thursday, and annual interest costs on the public debt exceeded for the first time in trillion dollars. The Treasury Department said the 2024 fiscal … Read more
Light mortgage at a fixed rate offer a an attractive alternative for those who are watching stability y tranquility in the finance. Unlike variable mortgages, where interest may change over timefixed mortgage guarantee a a constant monthly fee for the lifetime of the a loan. This feature provides a more predictability in costss and allows … Read more
Jackson Hole. Ahead of a meeting of bankers in Jackson Hole, Wyoming, Federal Reserve policymakers said Thursday that with inflation well below its peak, they are paying close attention to the U.S. labor market in gauging when to start cutting interest rates, with one saying they should act “soon.” “I think it’s appropriate to start … Read more
The Spanish banks are already accepting that the profits they received in the last two years in the mortgage industry, with the increase in the price of money by the European Central Bank (ECB), have will rise to a peak after rising to 3 .71% at the beginning of 2024 and will remain stable in … Read more