The ECB also refrained from offering new guidance on the expected speed and scope of interest rate cuts next year, repeating that it will stick to a “data-dependent and meeting-by-meeting approach.” “Most measures of underlying inflation suggest that inflation will settle at around the Governing Council’s 2 percent medium-term target on a sustained basis,” the … Read more
Ljubaphoto | E+ | Getty Images If you’re in the market for a used car, the best time of the year to buy one is fast approaching. New Year’s Eve and New Year’s Day are the best days of the year to buy a used car, because there are 47.9% more deals than average, according … Read more
Mumbai: The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings. The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been … Read more
Opinions expressed by Entrepreneur contributors are their own. 2025 is right around the corner, and if you’re an entrepreneur with big plans, this could be your year to capitalize like never before. The economy, the political climate and the sheer momentum in the business world are all lining up to create a landscape that’s ripe … Read more
However, as parliamentary proceedings have played out, it has become increasingly clear that to pass his budget, Barnier will need to use a constitutional back door that allows him to enact legislation without a vote — but in turn allows lawmakers to put forward motions of no confidence. An alliance of pan-left lawmakers has already vowed … Read more
He appeared to get support on Thursday from the influential Bank of France Governor François Villeroy de Galhau, who argued that “the balance of risks on growth and inflation is … shifting to the downside,” and that possible U.S. tariffs are unlikely to change the eurozone inflation outlook in particular. The ECB cut its benchmark … Read more
Federal Reserve chair Jerome Powell speaks during a news conference on Sept.18, 2024 in Washington, DC. Anna Moneymaker | Getty The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump’s proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Mester indicated that … Read more
Period red-brick home rooftops in a suburb overlooking London’s financial district. Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut … Read more
Mortgage rates look poised to stay stubbornly high following Donald Trump’s White House win – despite the Federal Reserve’s interest rate cuts and the president-elect’s pledges to cut homebuyers a break. After Trump’s sweeping win on Wednesday, 30-year fixed mortgage rates briefly surged before settling at 6.98% the next day, according to Mortgage News Daily. On … Read more
WASHINGTON — No one knows how Tuesday’s presidential election will turn out, but the Federal Reserve’s move two days later is much easier to predict: With inflation continuing to cool, the Fed is set to cut interest rates for a second time this year. The presidential contest might still be unresolved when the Fed ends … Read more
