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The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking sector in Europe was resilient and that the institution was
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After much thought, the ECB has increased interest rates by 50 basis points to stem sustainably high inflation. The European Central Bank (ECB) recently hiked interest rates by another half a percentage point following today’s Frankfurt meeting. The ECB’s latest rate hike comes amid financial woes in the US and European banking sectors, with
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The Federal Reserve’s new Bank Term Funding Program is a backstop for banks – but also a license to let interest rates rip. Source
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The demand for mortgage is rising as high rates do not discourage prospective homebuyers for making mortgage applications. Mortgage demand has risen for the second consecutive week despite some volatility in mortgage interest rates. However, although applications to purchase a home climbed 7% this week, the figure is still 38% down
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The 2-year and 10-year Treasury yields rose Tuesday as investors pondered the next Fed interest rate hikes. Treasury yields recently climbed amid investor interest rate assessment ahead of pivotal inflation data. On Tuesday, investors and analysts weighed the outlook for Federal Reserve interest rate hikes following Silicon Valley Bank’s collapse. By 5 am Eastern
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Media mogul Steve Forbes, chairman of Forbes Media, has warned that the Federal Reserve is “inflicting unnecessary pain” on the U.S. economy with its interest rate hikes after Fed Chair Jerome Powell said the Fed is prepared to raise interest rates at a faster pace. He also pointed out “the
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FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 million. According to a recent report, the FTX sister trading firm agreed to sell the Sequoia stake to the Abu
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The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi.A court document from the United States Bankruptcy Court for the District of Delaware on March 8 revealed that Alameda Research, the investment branch of FTX, will sell
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Federal Reserve Chairman Jerome Powell has warned that “the ultimate level of interest rates is likely to be higher than previously anticipated.” In addition, if faster tightening is warranted, the Fed “would be prepared to increase the pace of rate hikes,” Powell said. The Fed Anticipates Higher Rates, Faster Hikes Federal Reserve
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The agreement could be closed as soon as March 31, though deals made by bankrupt companies are subject to close judicial scrutiny. The would-be buyer, Al Nawwar Investments RSC Limited, is ultimately owned by the government of Abu Dhabi, and already invests in Sequoia, the document said. Original Source
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