Rates
US Federal Reserve keeps rates steady, sees just one 2024 cut despite inflation progress
THE Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point...
Private equity faces ‘lost generation’ on higher interest rates
PRIVATE equity has to contend with a “lost generation” as interest rates remain higher for longer, according to Ontario Teachers’ Pension Plan chief strategy officer Jonathan Hausman.“In the private...
Oil edges higher after weekly loss as focus turns to US Fed rates
OIL edged higher after a weekly drop with the market still digesting the Organization of Petroleum Exporting Countries and allies’ (Opec+) decision to restore supply, as traders look ahead...
Bank of Canada cuts rates for first time in four years
The Bank of Canada (BOC) on Wednesday (Jun 5) trimmed its key policy rate by 25 basis points to 4.75 per cent, its first cut in four years, and...
Choose bonds over stocks as central banks cut rates, says UBS Wealth Management
UBS’ giant wealth management arm is leaning towards bonds over stocks, arguing that the asset class is set for juicy returns with little risk as central banks cut interest...
US: Stocks slide amid worries over interest rates
WALL Street stocks fell on Wednesday as rising Treasury bond yields prompted a wave of selling after recent records.“Now that the (first-quarter earnings) period is essentially over, inflation and interest rates...
Sea cargo rates surge to pandemic highs
EQUIPMENT shortage, port congestion and a surge in shipments have come together to create a perfect storm, sending ocean freight rates up to highs last seen during the pandemic...
Sri Lanka holds rates to manage inflation, foster economic stability
SRI Lanka’s central bank held interest rates steady on Tuesday (May 28) to ensure inflation pressures remain in check as authorities look to foster economic stability and lift growth...
