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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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Rupee breaks 81, policy challenge: let it find value or burn FX, hike rates

as Rupee crosses 81 mark against dollar New Delhi’s policymakers were caught in a dilemma in Friday’s session, with the Reserve Bank of India (RBI) burning through foreign reserves at an alarming rate this calendar year to prevent currency volatility – an intervention many in the market believed would be at a certain level Defend …

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'The housing market may have to go through a correction': Freddie Mac says mortgage rates hit 6.29%

‘The housing market may have to go through a correction’: Freddie Mac says mortgage rates hit 6.29%

Number: U.S. mortgage rates continue to climb, adding hundreds of dollars to the cost for potential homeowners. The rise in mortgage rates comes after the Federal Reserve raised interest rates again in response to the worst inflation facing the economy in 40 years. The average interest rate on a 30-year fixed-rate mortgage was 6.29 percent …

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Central banks hike rates again as Fed pushes global inflation fight

Central banks hike rates again as Fed pushes global inflation fight

Rate hike from UK to Indonesia after Fed action Investors price in sharp ECB rate hikes Japan steps in as yen plummets Emerging market currencies under pressure FRANKFURT/WASHINGTON, Sept 22 (Reuters) – Central banks around the world continued to raise interest rates on Thursday, after the U.S. Federal Reserve tackled inflation that is sending shock …

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Japan intervenes in foreign exchange markets to stem yen decline after BOJ keeps rates ultra-low

Japan intervenes in foreign exchange markets to stem yen decline after BOJ keeps rates ultra-low

Bank of Japan maintains ultra-low interest rates, policy guidance is dovish Japanese foreign exchange diplomat says ‘decisive’ action Confirmation of intervention sends dollar down more than 2% Analysts doubt Tokyo can continue to support yen Bank of Canada says not helping Bank of Japan TOKYO, Sept 22 (Reuters) – Japan intervened in foreign exchange markets …

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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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Fed hikes rates by three quarters for third straight CNN Business

Fed hikes rates by three quarters for third straight CNN Business

Washington DC CNN Business — The U.S. Federal Reserve made history on Wednesday, approving a third straight 75 basis point rate hike in an aggressive response to white-hot inflation plaguing the U.S. economy. A massive rate hike that markets couldn’t understand a few months ago lifted the central bank’s benchmark lending rate to a new …

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