Lenders expect higher default rates on mortgages and credit cards in coming months April 11, 2024 British lenders are seeing increasing demand for mortgages and credit card lending but higher default rates, according to an official survey, as households and businesses struggle with elevated borrowing costs.
Bank of England: Interest rate cuts should ‘still be way off’, MPC member Greene warns April 11, 2024 Greene argued that the UK was actually more at risk of persistent inflation than the US because it has "much more constraint" on the supply side.
What is middle age? The melancholy of life’s middle years April 11, 2024 Upon the realisation he’s probably lived more than half of his life, Steve Dinneen considers what it means to be middle aged
FTSE 100 today: London markets to open red as odds of Fed rate cut dwindle after hot US inflation April 11, 2024 Asian markets mirrored Wall Street's slide amid global interest rate concerns. The yen dipped below ¥153 against the dollar, reflecting market unease, while Chinese inflation edged up in March. Investors scaled back expectations for Federal Reserve rate cuts. The focus is on the European Central Bank's policy decision and US producer price data.
Hot US inflation figures ‘pretty much kill’ hopes of a June interest rate cut April 10, 2024 The figures come amid a growing debate about the timing of the Fed's first interest rate cuts. Markets have steadily pushed back the timing of the first cut, reflecting stubborn inflation.
FTSE 100 today: London set to open red as investors dial back rate cut bets, US inflation in focus April 10, 2024 Asian markets stayed subdued, while oil prices remained steady and gold prices rose. Boeing faced whistleblower allegations, and the New Zealand central bank kept rates unchanged. All attention now turns to the imminent release of the US Consumer Price Index (CPI) and the Federal Reserve's meeting minutes.
Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts April 9, 2024 JP Morgan, Citi and Wells Fargo will all update investors on their performance so far this year with attention likely to be firmly fixed on their guidance for the year.
What is the Bank of England’s ‘once in a generation’ Bernanke review? April 9, 2024 The review, launched last summer, was led by Ben Bernanke, who chaired the Federal Reserve between 2006 and 2014.
FTSE 100 today: London markets brace for quiet session ahead of US inflation data, Q1 earnings April 9, 2024 US stocks closed mixed, while Asian markets climbed. Oil prices rose, and most Asian currencies weakened against the dollar. Precious metals surged. Investors are now focusing on upcoming US inflation data and Federal Reserve minutes following a strong March jobs report.
US Fed rate cut hopes fade: Odds of a June cut fall to 50:50 April 9, 2024 Investors hoped for big US Federal Reserve interest rate cuts this year, but now it's unclear if even half of what was expected will happen.