He noted the still-evolving impact his rapid pace of rate hikes has set in motion, saying the target range for future hikes will be “appropriate.” The US Federal Reserve has raised interest…
Tag: hikes
What Mortgage Brokers See With Renewals Amid Rate Hikes – BNN Bloomberg
Canadian mortgage owners are feeling the pressure of rising borrowing costs, but despite the difficulties, few are looking to sell, according to several mortgage brokers. The Bank of Canada raised interest rates…
Europe sees fastest pace of rate hikes since launch of euro
FRANKFURT, Germany (AP) — The European Central Bank has launched another outsized interest rate hike aimed at stifling runaway inflation, raising rates at the fastest pace in euro history and underscoring the…
Backlash intensifies against interest rate hikes as economists predict 75 basis point hike on Wednesday
The Bank of Canada is set to announce another big rate hike on Wednesday to curb soaring inflation amid growing criticism that the central bank’s aggressive rate hikes will cause a painful…
Gold has strong gains as mixed signals emerge on future rate hikes
Gold futures basis, the most active contract in December 2022 at 5:05 p.m. EDT, is currently pegged at $1662.50 after taking into account today’s net gain of $25.70 or 1 .57%. The…
Gold struggles in light of dollar weakness as rate hikes loom
Gold continues to struggle even in light of a sharp decline in the US Dollar. Gold posted respectable gains in New York trading today, but gave up those gains in Globex trading….
As rate hikes continue, is it time to lock in your variable rate mortgage?
With the Bank of Canada expected to announce another outrageous rate hike next week, a growing number of variable rate mortgage holders are asking themselves a dreaded question: is it time to…
New Zealand inflation near record high as wisdom of interest rate hikes questioned
The latest inflation data from New Zealand defied widespread forecasts that it would fall on Tuesday as it barely moved from a 30-year high, alarming economists and raising new questions about the…