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How to make more money from your savings now that banks are raising interest rates

How to make more money from your savings now that banks are raising interest rates

The Fed has raised key interest rates five times this year, most recently on Wednesday, as part of its ongoing efforts to slow the pace of inflation. The idea is that as the U.S. central bank raises borrowing costs, demand for goods and services will fall, causing prices to fall. A side effect of rising …

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Bank of England raises interest rate to 2.25% despite possible recession

Bank of England raises interest rate to 2.25% despite possible recession

Sign up now for free and unlimited access to Reuters.com register LONDON, Sept 22 (Reuters) – The Bank of England raised its main interest rate to 2.25% from 1.75% on Thursday and said it would continue to “respond vigorously to inflation if necessary” despite the economy entering a recession. The Bank of England estimates the …

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Bank of England raises interest rates by 50 basis points for seventh straight time

Bank of England raises interest rates by 50 basis points for seventh straight time

The Bank of England has warned that Britain will enter a recession later this year. The recession is expected to be the longest since the global financial crisis. Vuk Valcic | SOPA Images | Light Rocket | Getty Images The Bank of England voted on Thursday to raise its benchmark interest rate to 2.25% from …

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Wall Street finally gets Fed's message on interest rates: Morning Brief

Wall Street finally gets Fed’s message on interest rates: Morning Brief

This article first appeared in The Morning Brief. Get your morning briefing straight to your inbox Monday through Friday before 6:30am EST. subscription Thursday, September 22, 2022 Today’s newsletter is by Jared Brick, a reporter focused on Yahoo Finance’s markets.follow him on twitter @SPYJared. The stock market has finally listened to Jay Powell and the …

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Teens start vaping and marijuana, lose interest in alcohol and other drugs

Teens start vaping and marijuana, lose interest in alcohol and other drugs

photo: Shutterstock (Shutterstock) A new study this week shows that teens have been using fewer drugs over the past few decades, with two important exceptions. Reported drug use levels for most substances have declined since the early 1990s, but rates of marijuana use and e-cigarette use have risen, the study found. The findings also suggest …

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Mortgage demand rises for first time in six weeks despite sharp rise in interest rates

Mortgage demand rises for first time in six weeks despite sharp rise in interest rates

real estate listing Adam Jeffrey | NBC Finance Mortgage applications rose last week for the first time in six weeks despite rising interest rates, according to the Mortgage Bankers Association. Sudden swings in interest rates and uncertainty over the general direction of the housing market are likely at play. The average contract rate for 30-year …

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The Fed is now expected to continue raising interest rates before leaving them there, CNBC poll shows

The Fed is now expected to continue raising interest rates before leaving them there, CNBC poll shows

Federal Reserve Chairman Jerome Powell delivers a news conference after the surprise announcement that the Fed will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street finally appears to have embraced the idea that the Fed will raise rates into restrictive territory and hold them …

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To stop the yen from plunging, Japan is prepared to sell foreign exchange reserves rather than raise interest rates. won't work for long.The market can win this battle

To stop the yen from plunging, Japan is prepared to sell foreign exchange reserves rather than raise interest rates. won’t work for long.The market can win this battle

Raising rates to keep up with the Fed will work. But the Bank of Japan is still not far behind. However, its balance sheet has shrunk for several months. Written by Wolf Richter for WOLF STREET. The Bank of Japan is now seriously considering direct market intervention to support the yen, after warnings from the …

To stop the yen from plunging, Japan is prepared to sell foreign exchange reserves rather than raise interest rates. won’t work for long.The market can win this battle Read More »