‘We know this is hard,’ the central bank’s governor said, after increasing interest rates by a half point, to 5 percent.
Tag: Interest Rates
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Fed Chair Sees ‘Long Way to Go’ on Inflation Fight
Jerome H. Powell, the chair of the Federal Reserve, is set to tell House lawmakers that most central bank officials expect rates to rise further.
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Inflation Has Eased, but Economists Are Still Worried
Inflation has come down from its 2022 heights, but economists are worried about its stubbornness.
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U.K. Inflation Remains Stuck at 8.7 Percent
The rate, which had been expected to edge lower in May, shows that Britain’s cost-of-living persists, and is likely to prompt the Bank of England to raise interest rates again.
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New Zealand House Prices Have Crashed, Wiping Out Billions in Wealth
In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021.