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Fed's Barr says further rate hikes will likely be needed

Fed's Barr says further rate hikes will likely be needed

Sept 23 (Reuters) - Federal Reserve Governor Michael Barr said on Wednesday the US central bank took an important step last week to "recalibrate" short-term borrowing costs to bring down inflation, and will likely need to deliver further interest rate hikes.
ReutersReuters
US 30-year mortgage rate tops 7%, hits 2-year high

US 30-year mortgage rate tops 7%, hits 2-year high

By Ann Saphir Sept 23 (Reuters) - The rate on the most popular US home loan rose last week to its highest in more than two years and pierced the 7% level for the first time since the first week of President Donald Trump's term, after the Federal Reserve lifted short-term interest rates to combat
ReutersReuters
US stocks fall as 10-year Treasury yield hits highest since 2007

US stocks fall as 10-year Treasury yield hits highest since 2007

By Karen Brettell NEW YORK, Sept 23 (Reuters) - US shares dropped while benchmark 10-year Treasury yields hit the highest level since 2007 on Wednesday after data showed that US business activity raced to a more than five-year high in September, fueled by a surge in new orders.
ReutersReuters
Exclusive-Fed's Musalem says more rate hikes likely needed to quell inflation

Exclusive-Fed's Musalem says more rate hikes likely needed to quell inflation

By Howard Schneider WASHINGTON, Sept 21 (Reuters) - The Federal Reserve will likely need to hike interest rates further to lower inflation resulting from strong demand as well as a commodity price shock that has moved beyond oil, St.
ReutersReuters
Analysis-There's a reason Trump is the only one talking about 1% interest rates

Analysis-There's a reason Trump is the only one talking about 1% interest rates

By Howard Schneider and Jacob Bogage WASHINGTON, Sept 23 (Reuters) - As a lifelong real estate investor whose businesses relied on debt and interest rates, President Donald Trump might be expected to know better: The 1% rate he keeps demanding from the US Federal Reserve is impractical and would
AP NewsAP News
US stocks fall after bond yields jump on higher oil prices and a strong economic report

US stocks fall after bond yields jump on higher oil prices and a strong economic report

U.S. stocks are faltering after oil prices halted their slide, while a surprisingly strong report on U.S. business activity raised worries about inflation
AP NewsAP News
US stocks slip after bond yields jump on higher oil prices and a strong economic report

US stocks slip after bond yields jump on higher oil prices and a strong economic report

U.S. stocks are falling after oil prices halted their weeklong run of easing and a surprisingly strong report on U.S. business activity raised worries about inflation
TheStreetTheStreet
Scott Bessent sends signal on Kevin Warsh Fed rate hike

Scott Bessent sends signal on Kevin Warsh Fed rate hike

Investors got reassurance, but not the answer they expected
ReutersReuters
US fixed 30-year mortgage rate jumps to 7.12%, MBA says

US fixed 30-year mortgage rate jumps to 7.12%, MBA says

By Ann Saphir Sept 23 (Reuters) - The rate on the most popular US home loan rose last week to its highest in more than two years, after the Federal Reserve lifted short-term interest rates to combat inflation, and rising oil prices drove up Treasury yields that underpin residential borrowing costs.
ReutersReuters
Tech rally boosts Asian stocks, dollar firms on rate-hike wagers

Tech rally boosts Asian stocks, dollar firms on rate-hike wagers

By Ankur Banerjee SINGAPORE, Sept 22 (Reuters) - Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation.
ReutersReuters
Tech lifts share markets in Asia as oil slips

Tech lifts share markets in Asia as oil slips

By Wayne Cole SYDNEY, Sept 21 (Reuters) - Share markets rose in Asia on Monday as AI's insatiable demand for data buoyed chipmakers, and oil eased on reports more supply was finding its way out of the Gulf than previously thought despite the ongoing conflict.
ReutersReuters
Tech leads shares higher in Asia as oil slips

Tech leads shares higher in Asia as oil slips

By Wayne Cole SYDNEY, Sept 21 (Reuters) - Share markets edged higher in Asia on Monday as AI's insatiable demand for data buoyed chipmakers, and oil eased on reports more oil was finding its way out of the Middle East than previously thought despite the ongoing conflict in the Gulf.