Fed, last rate cut
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The U.S. Federal Reserve should not cut interest rates "for some time" as the impact of Trump administration tariffs begin passing through to consumer prices, with tight monetary policy needed to keep inflationary psychology in check,
Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,
The Bureau of Labor Statistics reported that the consumer price index (CPI), a popular inflation gauge, increased in June to 2.7% on an annual basis as prices rose for consumers.
Nordea Bank, the Nordic region's biggest lender, reported second-quarter operating earnings just above market expectations on Thursday, even as its net interest income fell due to lower interest rates.
A significant upward revision to May's payroll figures, coupled with Wednesday's hotter-than-expected inflation data, is easing the pressure on the Bank of England to implement rapid rate cuts.
Economic experts say the Federal Reserve is unlikely to cut rates despite President Donald Trump's demands due to uncertainty from tariff hikes.
Indonesia's central bank delivered on Wednesday its fourth rate cut in an easing cycle that began in September, boosting support for Southeast Asia's biggest economy as it faces pressure from weakening global trade and slowing domestic demand.
Nordea Bank stock trades at discount on both absolute and relative P/B, suggesting undervaluation versus peers. Click here to read why NBNKF stock is a Hold.
With June's inflation reading coming in hotter than the month prior, the Fed is under renewed pressure to maintain its current target range for the federal funds rate. Analysts now see little chance of a rate cut in the near term. That means HELOC borrowers are unlikely to see significant rate drops anytime soon.