US Dollar takes yet again another hit with ECB's hawkish rate cut and revises 2025 inflation forecast to the upside – FXStreet
The US dollar remains stuck in the backfoot and cannot recover against its main ally. ECB Lagarde supports the concern by saying that the ECB must be vigilant and prompt to act in any circumstances. The US dollar index has already lost more than 3% of its previous value this week. The US Dollar Index […]
Federal judge blocks NIH from implementing 15% indirect cost rate for grants
A federal judge blocked the National Institutes of Health from implementing policies to suppress how much it pays for indirect costs associated with grants. Last month, NIH announced plans to set a 15% rate nationwide. “The United States needs to do the best medical research in the world. Therefore, it is important to ensure that […]
BoJ’s Uchida: Don't have a preset idea in mind on the pace of future rate hikes – FXStreet
The Lieutenant Governor of the Bank of Japan (BOJ) said on Wednesday that I “do not have pre-set ideas in mind as to the pace of future rate hikes.” More comments Do not keep preset ideas in mind when it comes to the pace of your future rate hikes. It's not that fees will be […]
Genworth proposes rate hikes up to 233% for Maine policyholders – WGME
Augusta, Maine – Long-term care insurance company Genworth has proposed a significant interest rate hike for policyholders in Maine, offering an incredible 233% increase from a staggering 1.8%. According to the state's health department, about half, or about 1,200 individuals, could face a maximum increase of 233%, due to the impact of these proposed hikes. […]
Cuba’s Population Falls Under 10 Million Thanks to Birth Rate Collapse, Emigration — over 25% Are Age 60+
Over the weekend, Cuban Communist regime admitted that fewer than 10 million Cubans live in the country after the island nation lost more than 300,000 residents in 2024. The lowest The fertility rate recorded in Cuba over the past 60 years. Juan Carlos Alfonso Fraga, deputy chief of Cuba's National Statistics and Information Agency (ONEI), […]
Is 4.99% home loan rate as good as it gets? – RNZ
ASB has reduced many of its fixed-located mortgage fees in its fourth cut this year. photograph: RNZ / Marika Khabazi ASB is the latest bank offering mortgage rates below 5%, but is it as good as 4.99% to win this cycle? The bank said it had lowered many of its fixed home lending rates on […]
Fed worried about inflation worsening in pausing rate cuts
Federal Reserve officials at last month's meeting pointed to an increased risk that inflation could worsen. This is the main reason why we haven't changed the benchmark interest rates. President Donald Trump's proposed tariffs and massive immigrant deportation and strong consumer spending could boost inflation this year, according to minutes of the January 28-29 meeting […]
Kathy Hochul does apparent about-face on natural gas as NYC utility signals major rate hikes
New York Governor Kathy Hochul has approved permission to expand the capacity of major two-way pipelines despite years of pushing green policies, including a ban on the use of natural gas in new construction. . The Hochul administration has approved a permit to increase the capacity of the Iroquois Pipeline, a key 414-mile route from […]
January inflation gives Fed more reason to hold on interest rate cuts
Egg prices rose more than 15% in January. (ISTOCK)) Annual inflation rose to 3% in January, rising above expectations, giving the Federal Reserve further reason to slow interest rate cuts. According to the Consumer Price Index (CPI), inflation rose 0.5% each month, slightly above expectations, up over the previous month's 0.4% increase. Released by the […]
Why Trump Is Right That Tariffs and Rate Cuts Go Hand in Hand
How tariffs can push the Fed and lower interest rates? Heads that the president exploded across the financial media on Wednesday Donald Trump has declared that tariffs and lower fees are holding hands. Writing about the true society, Trump declared: “We need to lower our interest rates. This is something we'll be holding hands with […]