Hong Kong police arrested 25 people, including 13-year-olds, linked to a triad loan shark syndicate charging up to 282 per cent annual interest and laundering millions through personal accounts.
Federal Reserve Governor Lisa Cook stated she is prepared to support higher interest rates if US inflation fails to decrease, citing risks of entrenched inflation.
Mortgage demand dropped 2.9% last week as 30-year fixed rates rose to 6.81%, the highest level in over a year, according to the Mortgage Bankers Association.
Financial experts advise investing in fixed deposits based on personal financial goals and cash flow rather than timing interest rates, as RBI keeps repo rate unchanged.
Minneapolis Fed President Neel Kashkari stated that higher interest rates are needed now to lower inflation and avoid drastic increases later, advocating for a gradual approach possibly starting in September.
Campaigners are demanding a windfall tax on UK banks, estimated to raise £19bn, following HSBC's $10.1bn second-quarter profits. The funds could support cost of living initiatives, while banks face scrutiny over profit distribution and lending.
President Trump's public push for lower interest rates has been countered by rising borrowing costs, driven by the Iran war, tariffs, and AI data center financing. Despite his claims of a booming economy, inflation and debt service costs are increasing, posing challenges for Republicans ahead of November elections.
Federal Reserve Chairman Kevin Warsh's recent comments were widely seen as dovish on inflation, leading to market shifts. However, a closer look at his prepared remarks suggests he may be more inclined to act on inflation and raise rates than investors currently believe, potentially causing market volatility.
The US Federal Reserve's FOMC maintained interest rates with a 9-3 vote, marking the first time in a decade three members dissented, preferring a quarter-point hike. Fed Chair Kevin Warsh emphasized focusing on overall trends and fostering internal debate, while inflation and geopolitical events continue to influence policy.
The US economy grew by 1.5% in Q2 2026, a slowdown from Q1, as rising imports offset consumer spending. Inflation, measured by the PCE price index, eased slightly to 3.7% but remains above the Fed's 2% target. The Federal Reserve kept interest rates unchanged, though some officials dissented, citing persistent high inflation exacerbated by the Middle East war.
UK house price growth slowed to 0.1% in July, with annual growth at 1.8%, as economic uncertainty, high interest rates, and geopolitical tensions from the Iran war dampened buyer demand. The average home price edged up slightly to £277,542, according to Nationwide.
The Bank of England's MPC maintained the UK interest rate at 3.75%, warning that an escalation of the Iran war could drive inflation above 4% by 2027, intensifying cost of living pressures. Governor Andrew Bailey dismissed immediate rate hike expectations, despite three MPC members dissenting for an immediate rise to 4%.
Japan's central bank maintains 1.0% interest rate, aligns with market expectations. Yen surges 3.5% after reported intervention, with South Korea joining. BoJ warns of CPI inflation exceeding 2% in 2026's second half.
The Federal Reserve kept interest rates unchanged, prompting market relief. Upcoming earnings from Meta, Microsoft, and Amazon will shed light on AI infrastructure spending, potentially impacting semiconductor and broader markets.
The Federal Reserve maintained interest rates between 3.50% and 3.75% despite three dissenting votes, heightening scrutiny on Chairman Kevin Warsh's strategy to reduce inflation to the 2% target.
The Federal Reserve maintained its benchmark interest rate between 3.5% and 3.75% but signaled potential future hikes if inflation persists above the 2% goal, citing elevated prices despite recent moderations in oil and gas costs.
Bitcoin traded around $64,000 after the ECB kept interest rates unchanged, tightening financial conditions through quantitative tightening and reduced bond demand, affecting crypto markets through global capital allocation and liquidity.
Investors are increasingly anticipating a Federal Reserve interest rate hike, with September odds at 82%, as Brent crude hits $100/barrel due to US-Iran tensions and US jobless claims drop to a 1969 low, bolstering inflation focus over labor market health.
The article details NRE and NRO accounts for Non-Resident Indians, Overseas Citizens of India, and Persons of Indian Origin, highlighting differences in fund source, taxability, and repatriation limits. It also compares 5-10 year fixed deposit interest rates from major Indian banks like SBI, HDFC, PNB, and Axis Bank.
The European Central Bank (ECB) kept interest rates unchanged but stated it is closely monitoring the economic impact of the Iran war, particularly on energy prices and inflation. Future rate hikes remain possible if deemed necessary to meet the 2% inflation target.
The European Central Bank maintained its main interest rate at 2.25%, aligning with market expectations. However, President Christine Lagarde warned that renewed Middle East hostilities and rising oil prices pose significant upside risks to Eurozone inflation, leading traders to anticipate a September rate hike.
The Reserve Bank of Australia (RBA) is concerned that a significant portion of Australians misunderstand how interest rates affect inflation, potentially complicating its monetary policy efforts. A survey revealed only 25% correctly linked higher rates to lower inflation, while over half believed the opposite, impacting public trust and inflation expectations.
Despite media concerns over potential Federal Reserve interest rate hikes, this analysis argues that modest increases (e.g., 25 basis points) will not significantly alter borrowing, investment, or hiring decisions for most established small businesses or impact consumer spending, citing stable capital markets and resilient economic indicators.
Donald Trump's media company plans to launch Truth PSI, a paid service offering Wall Street firms high-speed access to top Truth Social posts, including potentially the president's own market-moving announcements. Critics call it a brazen exploitation of government power for personal profit, while the company frames it as monetizing proprietary assets.
