Policy makers across Asia, Europe and North America shifted their tones, with Sweden and Canada among them. The caution came in a week of fresh pessimism on the global outlook as trade and electoral uncertainties linger.
AGNC earnings call for the period ending March 31, 2019.
More than one in four Americans have already decided to forgo a summer vacation this year, according to a new survey, and even more might. The No. 1 reason? They can't afford it.
Due to all of this, global equities, represented by the MSCI ACWI Index, suffered their eighth worst¹ quarterly loss in 30 years. What a difference three months can make! Today, the bear has run back into its cave, the Fed has turned dovish, interest rates have plummeted, and stock markets have mostly recovered. In 2018, as the decidedly hawkish FED continued to raise interest rates, they were projecting several more increases in 2019.
Half of all parents with adult children are risking their retirement, in order to financially support their kids, according to a new Bankrate report.
The Bank of Canada could start hiking rates again "sometime down the road," although such a move will depend on whether upcoming economic data backs up its assessment that a current slowdown is only a temporary detour, the central bank's head said on Thursday. The Bank of Canada has raised interest rates five times since July 2017, although it has stayed on the sidelines in recent decisions as global trade concerns, the slumping oil sector and a weaker housing sector have weighed on the Canadian economy.
With the Fed indicating in March that there will be no more rate hikes this year, online savings account interest rates will also probably remain fairly flat for the foreseeable future. The Fed's decision marked a decisive turn away from their policy only a few months prior of that had called for a series of rate hikes throughout 2019. That said, the Fed's actions in 2018, raising the fed funds rate that year, did lead to an increase in the national rate for savings accounts. According to the Federal Reserve Bank of St. Louis, the national interest rate on savings accounts from May 2013 to Jan. 2018 was a mere 0.06%. With last year's rate hikes, national savings account rates responded accordingly,
Mozambique's central bank kept its key rate at a record low, saying that while it estimates inflation will accelerate slightly, it won't compromise the regulator's objective of maintaining macroeconomic stability. The Monetary Policy Committee held the benchmark interbank rate, known by its Portuguese acronym MIMO and introduced in April 2017, at 14.25 percent, Banco de Mocambique said Thursday in an emailed statement. It retained the policy rate at 17.25 percent. The country's annual inflation rate fell to 3.4 percent in March compared with 3.7 percent in February. Economic activity continues to be “modest” in light of uncertainties around the magnitude of natural disasters such as Cyclone Idai,
Posted by OFX AUD - Australian Dollar The Australian Dollar was rattled on Wednesday morning following a poor CPI print for the first quarter of 2018. Opening at 71 US cents, the Aussie dropped 1% on the news that inflation figures was unchanged at 0%, disappointing investors after failing to meet market expectations of an … Continue reading "Australian dollar tests 0.70 following poor inflation print"
Case in point: it feels as if the S&P 500’s yield has hovered around 2% forever. A key factor is lower bond yields. “Declining interest rates have had a significant and wide-ranging impact on investor and corporate behavior,” says Daniel Peris, a portfolio manager at Federated Investors who focuses on dividend investing.
The Bank of Japan put a time frame on its forward guidance for the first time by telling investors that it would keep interest rates at super-low levels for at least one more year, in a move to dispel any doubt over its commitment to ultra-loose policies. The BOJ held its monetary policy steady at a rate review on Thursday, but Governor Haruhiko Kuroda said rates could be kept ultra-low even longer, as weaker global demand and Sino-U.S. trade tensions were taking a toll on the export-reliant economy. "Global economic uncertainties have drawn attention, so we wanted to clarify that we will keep rates low for a very long time," Kuroda told a briefing.
Czech central bank Vice-Governor Marek Mora is ready to back a 25-basis-point increase in interest rates at next week's monetary policy meeting if new economic forecasts support further tightening, he said in an interview. With price pressures still coming from the growing domestic economy, Mora could be the swing vote in favour of an increase that would bring the two-week repo rate to 2.0 percent for the first time in a decade. The bank's seven-strong board meets on May 2, when a new quarterly staff forecast will be available.
BEIJING/SINGAPORE, April 25 (Reuters) - Chinese banks have extended more loans at lower interest rates to small firms in the first quarter, heeding Beijing's call to support the economy, banking regulators told a news briefing on Thursday. The amount of outstanding loans to small enterprises at China's five largest state lenders rose to 1.99 trillion yuan ($295.7 billion) by the end of March, up 17 percent from the end of 2018, said Zhu Shumin, vice chairman of the China Banking and Insurance Regulatory Commission (CBIRC). The growth rate of their small business lending outpaced the average loan growth rate by 12.4 percentage points, Zhu said.