Turkey’s central bank raises interest rate to 50% despite previous hints of end to hike cycle
Turkish annual consumer price inflation soared to 67% in February, fueling concerns that Turkey’s central bank might have to return to tightening.
International: Top News And Analysis
Weekly mortgage demand jumps again as interest rates fall just below 7%
Mortgage demand surged higher for the second straight week, after the average rate on the 30-year fixed dropped below 7%.
U.S. News
Bankrupt trucking company Yellow fully repays $700M CARES Act loan — plus $151M more in interest
Yellow Corp., a bankrupt trucking company previously based in Overland Park, repaid a $ 700 million loan it received from the U.S. Treasury with interest, but the value of nearly 16 million shares owned by the federal government remains up in the air.
Nashville Business News – Local Nashville News | The Nashville Business Journal
European Central Bank holds interest rates steady after 10 consecutive hikes
The ECB ended its record run of rate hikes despite new upside risks to inflation.
International: Top News And Analysis
Fed approves hike that takes interest rates to highest level in more than 22 years
The quarter percentage point move takes the federal funds rate to a target range of 5.25%-5.5%.
International: Top News And Analysis
High interest rates and economic uncertainty are behind recent rise in corporate defaults
The corporate default rate is up and rising as interest rates remain elevated, making it more expensive for companies to refinance debt.
International: Top News And Analysis
In just a few minutes this week, Powell changed everything on market’s view of interest rates
The central bank leader set out a new paradigm for how the Fed views its policy path.
International: Top News And Analysis
Deutsche Bank smashes profit expectations in fourth quarter as higher interest rates bolster revenue
Deutsche Bank surpassed profit expectations in the fourth quarter, reporting 1.8 billion euro ( $ 1.98 billion ) of net profit attributable to shareholders, as higher interest rates boosted revenues.
International: Top News And Analysis
Fed Chair Powell says smaller interest rate hikes could start in December
Federal Reserve Chairman Jerome Powell confirmed Wednesday that smaller interest rate increases are likely ahead.
International: Top News And Analysis
Surging interest rates push mortgage demand down more than 40% from a year ago
Fast-rising mortgage rates are cutting demand for home loans drastically.
U.S. News
NFL coaching candidates: These under-the-radar assistants could draw interest from teams
The NFL coaching carousel often yields a surprise or two, so keep these names in mind in the coming weeks as the hiring cycle ramps up.
GANNETT Syndication Service
Stimulus prospects could boost the stock market and interest rates in the week ahead
The prospects of a big government spending program could continue to boost the stock market and put upward pressure on interest rates in the week ahead.
International: Top News And Analysis