CBA deals crushing blow to mortgage holders
Australia's largest lender Commonwealth Bank warns of significant mortgage pain ahead as interest rates are predicted to climb, leaving homeowners facing financial strain.
Category : Search result: US interest rates
Australia's £50BN Debt Interest Time Bomb
Australia is facing a severe fiscal crisis as interest payments on its national debt are projected to skyrocket, consuming an ever-larger portion of the federal budget and threatening future economic stability.
Bank of England Holds Interest Rates at 5.25%
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates. Discover the immediate impact on mortgages, savings, and the UK housing market amidst ongoing inflation concerns.
NatWest and RBS Slash Fixed Mortgage Rates
In a significant move, NatWest and Royal Bank of Scotland have announced sweeping cuts to their fixed-rate mortgage deals, offering hope to borrowers amidst the cost-of-living crisis.
UK Savings Crisis: Average Easy Access Rate Plummets
Exclusive analysis reveals a growing savings gap in the UK, with high street banks offering paltry returns while the best easy-access deals deliver 25 times more interest. Discover why loyal customers are losing out.
FCA Warning: Banks Failing Savers on Interest Rates
Exclusive: The Financial Conduct Authority has uncovered a major failure by UK banks to pass on interest rate rises to savers, disproportionately harming vulnerable and older customers. Discover the findings and what it means for your money.
UK House Prices See Sharpest Annual Drop Since 2011
New data from Nationwide reveals UK house prices fell by 5.3% annually in December 2023, marking the most significant decline in over a decade as higher mortgage rates continue to dampen the property market.
UK House Prices Drop as US Tariffs Hit Global Markets
UK property market faces sharp correction as mortgage rates bite, while new US tariffs on China trigger global factory slowdown and market volatility.
Bailey: UK Unemployment Must Rise to Curb Inflation
Bank of England Governor Andrew Bailey declares that UK unemployment must increase to tackle persistent inflation, signalling continued economic pain for households amidst a cooling labour market.
Powell's Rate Warning Triggers Wall Street Rout, Nvidia Tumbles
Federal Reserve Chair Jerome Powell tempers 2024 rate cut expectations, triggering a Wall Street sell-off. The tech-heavy Nasdaq plummets, led by a sharp decline in AI giant Nvidia, while the political sphere reacts to Donald Trump's primary victories.
Bank Loyalty Costing Savers £2,400+ in Lost Interest
Exclusive investigation reveals how loyalty to major high street banks is costing UK savers billions in lost interest. Discover how switching to lesser-known challenger banks could boost your returns by over £2,400 annually.
Boomers Thrive, Gen Z Struggles in Australian Cost Crisis
Exclusive analysis reveals a stark generational wealth gap in Australia. Baby Boomers' finances remain robust, while younger Australians face unprecedented economic pressure from soaring rents and inflation.
Trump Threatens to Oust Fed's Powell If Re-elected
Former President Donald Trump has issued a thinly-veiled threat to Federal Reserve Chair Jerome Powell, suggesting he would not be reappointed if Trump wins the 2024 election, citing his own expertise in selecting 'good chairmen'.
Trump Ramps Up Pressure on Fed for Immediate Rate Cuts
Exclusive analysis reveals how Trump's unprecedented public pressure on the Federal Reserve threatens its independence, as markets anticipate aggressive rate cuts amid political tensions.
Chalmers' 3-Year Race Against Australia's Living Standards Crisis
Exclusive analysis reveals Treasurer Jim Chalmers has a narrow three-year window to reverse Australia's deepening cost-of-living crisis before voter patience runs out. Can he deliver?
Fed's Powell: High Interest Rates to Persist in Inflation Fight
Federal Reserve Chair Jerome Powell signals prolonged elevated interest rates at Jackson Hole symposium, sending shockwaves through global markets as inflation battle continues.
Fed Holds Rates, Signals Just One Cut in 2024
Federal Reserve Chair Jerome Powell holds interest rates at a 23-year high, projecting a more cautious single cut in 2024 as US inflation proves persistent. Markets react to the hawkish stance.
Asia Shares Fall as Powell's Jackson Hole Speech Looms
Asian shares and European futures fall sharply as investors await Fed Chair Jerome Powell's key Jackson Hole speech. Markets brace for hawkish tones on US interest rates, with the FTSE 100 set for a lower open. Live updates on global market reaction and a
Trump Administration Plots to Curb Fed Independence
Exclusive reports reveal the Trump administration is actively exploring legal avenues to exert unprecedented influence over the Federal Reserve's interest rate decisions, sparking fears of political interference in the US economy.
Powell's Jackson Hole Warning Sparks Global Market Rout
Federal Reserve Chair Jerome Powell signals prolonged high interest rates at Jackson Hole, triggering sharp sell-offs in US and Asian markets as inflation fight continues.
Savings Crisis: 75% of Top Accounts Vanish
Exclusive analysis reveals a savings crisis as the number of best-buy accounts plummets by 75%, costing UK households billions in lost interest amid the inflation squeeze.
UK Private Sector Growth Hits Nine-Month High
In a major boost for the UK economy, a key business survey reveals the fastest growth in private sector output in nine months. Driven by strong demand in the dominant services sector, the S&P Global/CIPS flash PMI surged to 53.3, signalling robust expansi
New Zealand Enters Recession as GDP Contracts Again
New Zealand's economy has officially entered a recession, with GDP contracting 0.1% in the last quarter of 2023. High interest rates and inflation are blamed for the downturn, marking a challenging start for the new coalition government.
Treasury's Fiscal Rules Become Dangerous Growth Bottleneck
Exclusive analysis reveals how the UK's rigid fiscal framework, designed for stability, is now actively hindering economic recovery, suppressing growth, and exacerbating the cost-of-living crisis. Experts warn the Treasury's orthodoxy is no longer fit for
UK Inflation Hits 2% Target, First Time Since 2021
In a dramatic shift, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years. This sharp fall from April's 2.3% fuels intense speculation about an imminent interest rate cut, offering relief to millions of households.
UK Inflation Plummets to 2.3%, Easing Cost of Living
In a dramatic shift, UK inflation has hit the Bank of England's 2% target for the first time in nearly three years. Discover how falling energy prices are putting money back in your pocket and what it means for interest rates.
UK Inflation Rises, Halting Bank of England Rate Cuts
UK inflation unexpectedly jumped to 2.3% in July, dashing hopes for an August interest rate cut. Soaring air fares and rising clothing costs are blamed, putting the Bank of England's next move under intense scrutiny.
UK Inflation Surges on Higher Food and Energy Prices
New data reveals a sharp rise in UK inflation, driven by escalating food and energy costs. The ongoing conflict in Ukraine continues to disrupt global supply chains, pushing prices higher and intensifying the cost of living crisis for British families.
UK Inflation Rises to 2.5%, Dashing Rate Cut Hopes
In a fresh blow to household budgets, UK inflation rose to 2.5% in April, driven by soaring energy bills and stubborn service costs. The surprise jump dashes hopes for an imminent Bank of England interest rate cut, prolonging the cost-of-living squeeze fo
One Photo Exposes Real Reason Australians Feel Poor
A startling image reveals the hidden economic reality squeezing Australian households. Discover the data behind the financial pain and why your wallet feels emptier than ever.
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